Form T1135 Foreign Income Verification Statement Has Been Modified… Again…

Par Robert Robillard - 18 juillet 2014

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From the CRA website :

« The CRA has implemented changes to Form T1135 for the 2014 and later tax years. The changes will allow taxpayers to report aggregate amounts for specified foreign property held in accounts with registered securities dealers and Canadian trust companies rather than providing the detail of each such property. This reporting method requires taxpayers to provide the aggregate fair market value of the property in these accounts by country. In addition the T3/T5 reporting exception has been eliminated. »

Hopefully, that was the last time… for a while…

To see the new form, click here

For more information on 2014 and later years reporting, click here.

For CRA Q&A on form T1135 (updated as of July 9, 2014), click here.

Previous forms are also available here.

Robert Robillard, CPA, CGA, MBA, M.Sc. Econ.
Transfer Pricing Chief Economist, RBRT Inc.
514-742-8086; robert.robillard « at » localhost

RBRT Inc. is all about transfer pricing. We specialize in transfer pricing. Our services include transfer pricing documentation, transfer pricing dispute resolution, advanced pricing agreement (APA), value chain management and TP planning, transfer pricing training. The information in this blog post is general information only. Data and information come from sources believed to be reliable but complete accuracy cannot be guaranteed. RBRT Inc. and the author are not responsible or liable for any error, omission or inaccuracy in such information. Readers should seek independent tax advice and tax counsel from RBRT Inc. as required.