T1135: Foreign Income Verification Statement
Form T1135 is the CRA statement you file if you owned specified foreign property with a total cost of more than CAD $100,000 at any time in the year.
This is the genuine CRA PDF, unmodified. Source: CRA official page.
What is T1135?
T1135, Foreign Income Verification Statement, is used to report specified foreign property, such as foreign bank accounts, shares of non-resident corporations, foreign real estate held for investment, and interests in foreign trusts. You must file it if the total cost of that property was more than CAD $100,000 at any point during the tax year.
This is a dynamic (XFA) PDF designed for Adobe Acrobat Reader and will not fill in a web browser or a basic PDF viewer, so download it and open it in the free Adobe Acrobat Reader. Depending on the total cost of your foreign property, you complete either the simplified reporting method or the detailed method, listing each type of property, the country, the income earned, and any gain or loss on disposition.
Who files T1135?
- Canadian resident individuals who held specified foreign property costing over $100,000 in the year
- Corporations, trusts, and partnerships that are resident in Canada and meet the threshold
- Investors with foreign accounts, shares, or investment real estate above the reporting limit
- Anyone directed by the CRA to report their foreign holdings for the year
How to fill out T1135
- Download the T1135 and open it in the free Adobe Acrobat Reader; it will not fill in a browser.
- Confirm the total cost of your specified foreign property exceeded CAD $100,000 during the year.
- Choose the simplified or detailed reporting method based on the total cost of the property.
- List each category of foreign property, the country, income earned, and any gain or loss.
- File the T1135 with the CRA by your tax filing due date, either electronically or on paper.
Get T1135
This is a dynamic PDF from CRA: it only fills in correctly in Adobe Acrobat Reader, so there is no in-browser fill here. Download the genuine T1135 below and open it in the free Adobe Acrobat Reader to complete and save it.
Download the official T1135 PDFFrequently asked questions
What counts as specified foreign property?
It includes foreign bank accounts, shares of non-resident corporations, foreign real estate held for investment, interests in foreign trusts, and similar assets. It does not include personal-use property or assets used in an active business. Review the CRA definitions before filing.
Is there a penalty for filing the T1135 late?
Yes, the CRA can charge penalties for filing the T1135 late or not filing it at all. The form is due by the same date as your income tax return, so file it on time. Check the current penalty amounts on the CRA site.