Using the T1135 Foreign Property Report

If you own more than $100,000 CAD in foreign property at any point during the year, the CRA requires you to file a T1135 form. This includes foreign stocks, US-listed ETFs, and even some Canadian ETFs that hold foreign assets in certain structures.

Greenline can generate a T1135 summary for you. Here’s how:

1. Go to the Tax section in Greenline.
2. Select T1135.
3. Greenline will list your foreign holdings, their cost amounts, and their market values, formatted for the T1135 categories.

This saves you from having to pull the numbers together manually. Everything is organized the way the form expects it.

A note on accuracy: Greenline provides this as a reference to make filing easier. Always confirm the details with your accountant or tax preparer before submitting. Tax rules can be nuanced, and a professional can make sure everything is filed correctly.

Still need help? Reach out at support@usegreenline.com.