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Level 1
October 6, 2025
Question

Re tax Form T1135, if I acquired US property before I moved to CA and still own it but it generates no income, do I need to report this on that form?

  • October 6, 2025
  • 1 reply
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    TurboTax_Susan
    Alumni - Intuit
    October 6, 2025

    T1135 Foreign Income Verification Statement must be filed by Canadian resident individuals that, at any time during the year, own specified foreign property costing more than $100,000, regardless of when it was bought. 

     

    This CRA webpage has more information on what type of property is considered "specified foreign property": Foreign Income Verification Statement