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Out of country house used as personal property pnly, not rented. Do I have to fill out t1135 form?
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March 27, 2020
4:05 PM
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Investors and rental owners
If you own foreign property with a cost in excess of $100,000 at any period during the year, you must make an annual disclosure with the Canada Revenue Agency.
Here are some other examples of foreign property you can exclude:
- Any property you own primarily for personal use, including your automobile, cottage, paintings, and jewelry
- Any property you use for running a business like a building, equipment, and inventory
April 1, 2020
12:18 PM