Out of country house used as personal property pnly, not rented. Do I have to fill out t1135 form?

[TurboTaxBrenda1]

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