Own US Stocks Over $100K? CRA T1135 Rule (2026)

Описание: Do you own foreign investments or a rental property outside Canada? If your foreign assets cost over $100,000, CRA may require a T1135 filing.
In this video I break down who must file, what counts as “specified foreign property,” and the simplified vs detailed reporting rules.

You’ll learn:
• Who needs to file T1135 (and who doesn’t)
• “Cost amount” vs fair market value (the common confusion)
• Personal-use property vs income-producing property (vacation home example)
• Simplified vs detailed reporting (Part A vs Part B)
• What info CRA wants on the form and what your bank may provide
• Why missing T1135 can get expensive

Chapters
00:00 Foreign assets and the form most people miss
00:33 T1135
01:00 The $100,000 threshold and what it’s based on
01:15 What counts as specified foreign property
01:30 What does NOT count (personal-use property)
03:43 Part A vs Part B reporting (simplified vs detailed)
05:05 How the form is filled out (what CRA asks for)
08:37 Deadlines and what happens if you file late
09:15 Wrap up

If you’re filing and you want something simple, I recommend Wealthsimple Tax. Use the link in the description and fund your account — we both get a $25 bonus. It’s straightforward and beginner-friendly.
https://www.wealthsimple.com/invite/K...

This content is for educational purposes only and does not constitute financial, tax, or legal advice. Always consult a qualified professional or the CRA directly for advice specific to your situation.
This video includes affiliate links. If you sign up using my Wealthsimple link, both you and I may receive a bonus at no extra cost to you.