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New Member
posted Oct 31, 2019 2:01:33 AM

I inherited money from my late brother's CPF, a government social security savings account in Singapore. A Public Trustee distributed the money to me. Do I file T1142?

Central Provident Fund (CPF ) is a compulsory savings account run by the Government for working Singaporeans primarily to fund their retirement, healthcare, and housing needs. When my brother died, CPF is not treated as part of his Estate and the account balance is by law distributed to his next of kin. Is this considered as "non-resident trust" under T1142 definition? Or should I file T1135 since the amount exceeded $100,000?


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3 Replies
Level 13
Oct 31, 2019 2:01:34 AM

You would file a T1142, but there are many variables to this question and before you begin, please review this link from TurboTax Tips on rules of Foreign inheritances https://turbotax.intuit.ca/tips/rules-for-inheriting-foreign-property-476

Also, for further information on the matter, there is this very interesting article about Foreign inheritances in Canada from Allan Madan, he is a CPA, CA and the founder of Madan Chartered Accountant Professional Corporation. Also an International Tax Expert, that may be of interest to you to understand the variables. https://bit.ly/2G1s0ye

New Member
Oct 31, 2019 2:01:36 AM

It doesn't appear that Form T1142 can be submitted electronically. Does that mean I have to submit T1142 by mail separate from the rest of my returns?

Level 13
Oct 31, 2019 2:01:37 AM

No you cannot Netfile this form, please see more here from the CRA https://bit.ly/2UJDrE6