Last year at one time I owned more than $100,000 US$ worth of shares and understand that I must complete a Form T1135. I do not find that form on TurboTax, Where is it?


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Hi, you're correct. When foreign investment property (specified foreign property) or properties with a total cost amount of more than $100,000 Canadian is owned at any time in the year, form T1135, Foreign Income Verification Statement, must be filed.  This form must be filed by Canadian resident individuals, corporations and trusts, as well as many partnerships.

However, TurboTax does not support filing a T1135 electronically. You can find the form (under Forms Method, and search forms), and fill, print and mail. However, it is probably easier to use the editable form on the CRA website.

One thing worth knowing is that if you have all your foreign investments in registered accounts (RRSP, RRIF, RESP...), you don't have to file this form.

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