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CHECKLIST · FOREIGN INCOME & PROPERTY

Foreign income and T1135 summary

For Canadian residents with income from outside Canada, such as U.S. Social Security, IRA payments, foreign pensions, employment or investment income, and for anyone whose foreign property needs a T1135.

How it works

  1. Fill in your details.
  2. Add each foreign slip or payment: who paid it, the country, the type of income, the currency, the amount and any foreign tax withheld.
  3. If your foreign property cost more than $100,000, list it under Foreign property for your T1135.
  4. Save the page as a PDF and email it to info@blueocean.tax with copies of your slips.

Foreign income and T1135 summary

About you

Foreign income

Add one entry for each slip or payment. Enter amounts in the foreign currency, as shown on your slips or statements (for example, Form SSA-1099 or 1099-R). We convert them to Canadian dollars.

Income 1
e.g. Social Security Administration, your employer or bank

Totals by currency

Totals add up as you type.

CurrencyForeign incomeForeign tax paid
Totals appear here as you enter amounts.
FORM T1135

Foreign property

Fill this in only if the total cost of your foreign property was more than $100,000 (Canadian) at any time in the year. Don't include RRSPs, TFSAs or other registered plans, Canadian mutual funds or ETFs, or personal-use property.

1. Funds held outside Canada

Bank and cash accounts outside Canada. Foreign currency held at a Canadian bank doesn't count. Leave blank if none.

Account 1

2. Shares of non-resident corporations

Foreign shares held outside Canada, such as in a U.S. brokerage account or an employer share plan. Leave blank if none.

Holding 1

3. Real property outside Canada (other than personal use)

Rental or investment property outside Canada. Not a vacation home used mainly by you and your family. Leave blank if none.

Property 1

4. Other property outside Canada

Anything else held outside Canada, such as precious metals. Hold cryptocurrency? List it here and we'll confirm whether it counts. Leave blank if none.

Item 1

5. Property held in an account with a Canadian registered securities dealer

Foreign investments, such as U.S. shares and ETFs, in a non-registered account at a Canadian brokerage. One entry per account and country. Leave blank if none.

Account 1

Anything else?

* Required

When you're done: save this page as a PDF and email it to info@blueocean.tax as an attachment. Thank you.

"Save as PDF" opens your browser's print window. Choose "Save as PDF" as the printer. Nothing on this page is sent anywhere until you email it.

Questions while you fill it in? Call us.

info@blueocean.tax

Free Consultation 416-828-7462