Canadian Foreign Income Verification Statement – What you need to know

Sovereign Confidential

Alert

An Alert focused on Canadian taxpayers today.

If you're a resident of Canada (i.e. a taxpayer), that owns assets abroad, such as property, financial accounts, precious metals etc., or even if you own hold foreign shares through a Canadian broker, you might be required to file Canada's Foreign Income Verification Statement, or Form T1135.

If you don't, as you can imagine, potential penalties can be severe.

Read more about it in today's Alert here.

 

An Alert focused on Canadian taxpayers today. If you’re a resident of Canada (i.e. a taxpayer), that owns assets abroad, such as property, financial accounts, precious metals etc., or even if you own hold foreign shares through a Canadian broker, you might be required to file Canada’s Foreign Income Verification Statement, or Form T1135. If…

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