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On T1135 Part B, section 6, what does “maximum cost amount of during the year” refer to?
Is that referring to fair market value of property?
April 25, 2026
11:04 PM
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The cost amount is generally defined as the adjusted cost base of the property, not the fair market value. The “maximum cost amount during the year” is whatever the highest cost amount was during the tax year.

April 26, 2026
2:36 PM