Canadian resident taxpayers must report and include in their income for Canadian tax purposes all the income they earn from the foreign property, regardless of the cost amount of the foreign property.
If the cost amount of the taxpayer's foreign property exceeds $100,000, the taxpayer must also file Form T1135.
(If your total foreign property is below $100,000, you shouldn't need to file a T1135 but you still need to report your investment income gain/loss.)
The $100,000 threshold means that many Canadians do not need to comply with the reporting requirements of Form T1135, but this does not exempt them from paying tax on any income earned on such property.
Report your foreign investment income in Line 12100.
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