T1135 Foreign Income Verification Statement
What's new - Changes to Form T1135
The CRA has implemented changes to Form T1135 for the 2015 and subsequent tax years. The changes will allow taxpayers, who held specified foreign property with a total cost amount of less than $250,000, throughout the year, to report under a new simplified reporting method rather than providing the detail of each such property.
The current detailed reporting method will continue to apply to those taxpayers who, at any time during a year, held specified foreign property with a total cost of $250,000 or more.
Individuals can file Form T1135 electronically for the 2014 and subsequent taxation years. The CRA will make electronic filing of Form T1135 available for corporations and partnerships in the future and will announce when the service becomes available.
For more information, go to: Reporting for the 2015 and later tax years.
You can view this form in:
Last update: 2016-02-03
This document is only available in electronic format.
Previous-year versions are also available.
- Foreign Income Verification Statement
- Questions and answers about Form T1135
- Table of penalties
- Voluntary Disclosures Program
- Reporting for the 2015 and later tax years
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