Filling out T1135

[tikiwong]

Using Online Premier to fill out Form T1135: My wife and I have less than CAD $100,000 (each person) US stocks at any time in Year 2023. When filling out T1135 item and after selecting the drop-down selection of "Less $100,000", I expected a blank form to come up for me to fill out the necessary information but no form would come up and the Online program continued to the next stage of the filing.

Is this normal that I don't need to fill out Form T1135 because of less than $100,000?

Or, I missed something that I indeed need to fill out Form T1135? Please help. 

[TurboTaxGinette · Accepted solution]

Yes, this is normal not to have a form T1135 appear as you have answered that you do not have over $100000 in foreign assets. As seen in our TurboTax article below, form T1135 is a tax form for Canadians who own foreign assets with a cost amount of more than $100,000.  

Form T1135: Your Guide to Reporting Foreign Assets

Thank you for choosing TurboTax.

[tikiwong]

ginette: Thank a lot for the quick response that is much appreciated!

[TurboTaxGinette]

You are welcome.

Thank you for choosing TurboTax.