Offshore Asset Reporting

Canadians are required to report foreign property with a cost exceeding $100,000 CAD.

• Report using Form T1135 (Foreign Income Verification Statement).
• Reportable assets include:
• Foreign bank accounts
• Stocks and mutual funds
• Real estate outside Canada
• Failure to report could result in significant penalties.

If you need to speak with the CRA’s Compliance Division regarding this matter, please call:

📞 1-877-877-7441

Date modified: 2025-01-21