Foreign business T1135

Question

88 viewsApril 9, 2024Personal Tax

0

Anonymous Posted April 5, 2024

Hi. if a Canadian resident has a business overseas (Like a restaurant), should he file T1135,knowing that it’s Carrying active business. and how about a vacant commercial property over $100,000 should it be reported on T1135?

1 Answer

score 0 · Answer 1 · 2024-04-09T21:39:17+00:00

Hi There,

If the company is incorporated, file form T1134 Summary and Supplement. If the company is a partnership or a sole proprietorship, file form T1135. Vacant commercial properties held in a foreign partnership or your personal capacity are reported on form T1135.

Foreign business T1135

1 Answer

Mississauga's Thought Leader

REQUEST A FREE CONSULTATION

Pin It on Pinterest