2 Guides across 1 job. Each Guide is authored by an accountant; the ones more colleagues stand behind rise to the top.
Use this skill whenever asked about Canada Form T1135, Foreign Income Verification Statement, specified foreign property, foreign asset reporting, the $100,000 cost amount threshold, the $250,000 simplified-versus-detailed reporting boundary, or how to classify foreign accounts, foreign securities, foreign real estate, foreign trusts, and other foreign property for a Canadian resident taxpayer. Trigger on phrases like "T1135", "foreign income verification statement", "specified foreign property", "foreign assets over 100000", "do I need to file T1135", "foreign bank account reporting Canada", "US brokerage T1135", "foreign rental property T1135", "simplified T1135", "Part A Part B T1135", or any question about whether a Canadian resident individual, corporation, trust, or partnership must disclose foreign property. ALWAYS read this skill before touching any Canada T1135-related work.
Canada tax residency: factual resident, deemed resident (183-day sojourner), deemed non-resident, departure return, departure tax on deemed disposition. Trigger on: "Canadian tax resident", "CRA residency", "leaving Canada taxes", "departure return Canada", "factual resident Canada", "183 days Canada", "sojourner Canada", "deemed resident Canada", "moving to Canada taxes", "residential ties Canada", "NR73".