Reporting for foreign property owned outside of Canada - Tax Tip Weekly

Описание: Do you own foreign property out of Canada? If yes, then you may have additional tax filing requirements in respect for that foreign property owned. Canadians owning foreign property outside of Canada having a total cost of $100,000 or more, must file form T1135 known as the foreign income verification statement.

Timeline:
00:50 -- Form T1135
01:30 -- Canadian Mutual Funds
03:00 -- What to report

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Disclaimer:
The information provided in this video is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. All figures and dollar amounts are used for example purposes only. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided in this video.