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Do US Stocks held in a non registered Canadian custodian/brokerage that files t5008 and t5 on foreign income and cap gains require Form T1135

 
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Do US Stocks held in a non registered Canadian custodian/brokerage that files t5008 and t5 on foreign income and cap gains require Form T1135

As per the Canada Revenue Agency (CRA), It does require a Form T1135; this is because the definition of foreign property from a tax standpoint is: "Shares of non-resident corporations are specified foreign property" If your brokerage does not provide a T1135 you will be required to report one yourself.

 

For more information please see the Canada Revenue Agency (CRA), Questions and answers about Form T1135

 

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