A T1135 filing becomes necessary when the total cost of your foreign property exceeds CAD $100,000. This threshold includes various assets like bank accounts, real estate, and investment portfolios held outside Canada. Because the CRA can issue significant penalties for missing or inaccurate forms, we thoroughly review your holdings to ensure a safe and accurate submission. At WOORI, we help you stay compliant while protecting your global interests.
You may be required to file if the total cost amount of your foreign assets exceeds $100,000 CAD.
We provide professional support for your T1135 filing through the following process.
T1135 filing requires precise reporting that meets specific CRA requirements, rather than a simple list of assets.
* Late filing or failure to file a T1135 can result in significant penalties, starting at $2,500.
We will provide a personalized consultation based on your selection.
Dongmin Seo
Very professional, supportive, and knowledgeable. Responds quickly to any requests or needs. I had various questions and requirements, and I was so grateful that they were all handled kindly and efficiently. You could feel their genuine commitment to helping clients receive the maximum possible return.
