Understanding Form T1135 – Expat Tax Podcast

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Each year I help over 500 clients file their Canadian and US tax returns as well as plan for both their Canadian and US investment accounts. I also regularly help new US clients plan for their move to Canada.

Feel free to reach out via email at phil@philhogan.com or by phone or text here 250-661-9417.




On episode #2 of the Expat Tax and Financial Planning Podcast we discuss form T1135 – Foreign income verification filings. For a comprehensive article on form T1135 and the issues related to foreign asset reporting click here.

Form T1135 is required to be filed by tax residents of Canada that hold investments with a cost basis of more than $100,000. Topics covered include:

  • What is form T1135?
  • Who needs to file form T1135?
  • How do you prepare from T1135?
  • What’s the difference between simplified and detailed T1135 reporting?
  • What are the penalties for late filing of form T1135?
  • How to file T1135 late?
  • What are some exemptions from T1135 filings?

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