T1135 required for cryptocurrency?

Question

1373 viewsMay 17, 2021Accounting

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singh (anonymous) Posted May 11, 2021

Are cryptocurrencies considered a foreign property? is the T1135 form required if the cost basis is over 100k? thanks

1 Answer

score 0 · Answer 1 · 2021-05-17T20:34:03+00:00

If the currencies are held on an exchange outside Canada, and the total cost amount is more than $100,000 at any time in the year, then form T1135 must be filed.

T1135 required for cryptocurrency?

1 Answer

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