Our Foreign Asset Reporting (T1135) service provides complete preparation and review of the T1135 Foreign Income Verification Statement for Canadian tax residents who own specified foreign property exceeding CRA reporting thresholds. We carefully assess foreign bank accounts, investment portfolios, publicly traded shares, private foreign corporations, rental properties, and other overseas assets to determine proper classification under either the simplified or detailed reporting method. Our team calculates maximum cost amounts during the year, verifies foreign income earned, and ensures accurate disclosure to reduce the risk of penalties, interest, or CRA reassessment. Because penalties for non-compliance can be significant, timely and accurate filing is essential. We provide professional guidance, organized documentation support, and secure filing coordination to help you remain fully compliant with Canadian tax laws and reporting obligations.

(Please note that extra charges may apply based on the time involved and the complexity of your situation.)