• Service: Tax, Global Mobility Services, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 6/30/2014

Canada - Foreign investment reporting on T1135 required 31 July 

June 30: Taxpayers required to file Return T1135, Foreign Income Verification Statement, for the 2013 tax year have only a short time left to gather information on foreign investments before the 31 July 2014 due date.

Taxpayers may benefit from newly expanded reporting relief provided by the Canada Revenue Agency. This relief allows taxpayers that hold certain types of specified foreign property in an account with a Canadian trust company to use the streamlined transitional reporting. Previously, only specified foreign property held in an account with a Canadian registered securities dealer qualified for this reporting.

Read a June 2014 report (PDF 46KB) prepared by the KPMG member firm in Canada: Foreign Investment Reporting Deadline of July 31, 2014 — Have You Complied?

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