ca-fed-t1135

From the author

Use this skill whenever asked about Canada Form T1135, Foreign Income Verification Statement, specified foreign property, foreign asset reporting, the $100,000 cost amount threshold, the $250,000 simplified-versus-detailed reporting boundary, or how to classify foreign accounts, foreign securities, foreign real estate, foreign trusts, and other foreign property for a Canadian resident taxpayer. Trigger on phrases like "T1135", "foreign income verification statement", "specified foreign property", "foreign assets over 100000", "do I need to file T1135", "foreign bank account reporting Canada", "US brokerage T1135", "foreign rental property T1135", "simplified T1135", "Part A Part B T1135", or any question about whether a Canadian resident individual, corporation, trust, or partnership must disclose foreign property. ALWAYS read this skill before touching any Canada T1135-related work.