On T1135 Part B, section 6, what does “maximum cost amount of during the year” refer to?

etbabyduck — Sun, 26 Apr 2026 06:04:09 GMT

Is that referring to fair market value of property?

Re: On T1135 Part B, section 6, what does “maximum cost amount of during the year” refer to?

TurboTax_Susan — Sun, 26 Apr 2026 21:36:00 GMT

The cost amount is generally defined as the adjusted cost base of the property, not the fair market value. The “maximum cost amount during the year” is whatever the highest cost amount was during the tax year.

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On T1135 Part B, section 6, what does “maximum cost amount of during the year” refer to?

Re: On T1135 Part B, section 6, what does “maximum cost amount of during the year” refer to?