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For the year in which an individual becomes a Canadian resident for the first time, Form T1135 is not required.
Nevertheless, if you were previously a Canadian resident and are returning, the exemption does not apply, and you must file a T1135 from the entire year.
You may read TurboTax link(2) below for your concerns regarding overseas properties
Please visit the link provided for further clarifications:
- CRA: Questions and answers about Form T1135
- TurboTax: Declaring Inherited Overseas Property
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