Understanding the T1135 - Expat Tax and Financial Planning Podcast

You can reach Phil at [email protected] or via phone at 778-405-4453. You can visit his website here: http://beaconhillwm.ca To setup a complimentary consultation please visit https://beaconhillwm.ca/get-started-now/ (limitations apply). On episode #2 of the Expat Tax and Financial Planning Podcast we discuss form T1135 – Foreign income verification filings. For a comprehensive article on form T1135 and the issues related to foreign asset reporting visit https://philhogan.com/everything-you-... Form T1135 is required to be filed by tax residents of Canada that hold investments with a cost basis of more than $100,000. Topics covered include: What is form T1135? Who needs to file form T1135? How do you prepare from T1135? What’s the difference between simplified and detailed T1135 reporting? What are the penalties for late filing of form T1135? How to file T1135 late? What are some exemptions from T1135 filings? You can listen or download the latest podcast here and make sure to subscribe on Apple Podcast to ensure you don’t miss any future episodes. You can also stay updated on US Expat Tax and financial planning issues by following us at: For personalized advice, contact Phil Hogan: [email protected] Visit our website for extensive resources: http://beaconhillwm.ca Join the conversation in our Facebook Group:   / canadaus   Follow us on Twitter for the latest updates:   / philhogancpa   Subscribe to our newsletter for regular updates: https://beaconhillwm.ca/blog/ #T1135 #foreignincome #Canada #investments Disclaimer: The views expressed are those of Beacon Hill Wealth Management Ltd. partners and may change without notice. This content is for informational purposes only and does not constitute investment or tax advice, or a recommendation regarding any security, strategy, or account. Past performance is not indicative of future results. Investing involves risk, including the possible loss of principal. For tax matters, consult your own professional advisor.