December 2014 Tax Newsletter – Foreign Income Verification Statement (Form T1135)

Our December Newsletter is now available here.  Form T1135 - Foreign Income Verification Statement is required to be filed by Canadian taxpayers who hold specified foreign property with a cumulative cost in excess of $100,000 (Canadian) at any time during the year.  If you have any questions regarding the filing requirements, exceptions or ongoing discussion regarding foreign reporting, please contact our office. If you believe that you may have been required to report a T1135 form in the past, you may want to consider filing a voluntary disclosure.