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Level 2
posted Apr 12, 2023 9:50:19 AM

Specified foreign property-CRA questions

If I need to file T1135 form,  does it mean I should answer yes to below question in the one of CRA questions? I am not sure what is specified foreign property. In T1135, I only need to explain funds held outside of Canada. 

 

"Did you own or hold specified foreign property where the total cost amount of all such property, at any time in 2022, was more than CAN $100,000?"

 

 

Thanks.

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1 Replies
Moderator
Apr 16, 2023 1:43:42 PM

Yes, you should answer yes.