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The T1135 form, also known as the Foreign Income Verification Statement, is required to be filled out by Canadian residents who own specified foreign property with a total cost exceeding $100,000 CAD at any time during the tax year. Specified foreign property can include things like funds held in foreign bank accounts, foreign securities, interests in foreign trusts, and certain other types of property. The purpose of the T1135 form is to provide the Canada Revenue Agency (CRA) with information
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