CRA T1135 Foreign Income Verification Statement

CRA T1135 Foreign Income Verification Statement Template

If you're a Canadian resident with specified foreign property exceeding $100,000 CAD at any time during the tax year, the Canada Revenue Agency requires you to file Form T1135, the Foreign Income Verification Statement. This comprehensive Paperform template simplifies the complex reporting process, helping individuals, corporations, trusts, and partnerships meet their CRA compliance obligations accurately and efficiently.

Who Needs to File T1135?

The T1135 must be filed by Canadian residents (individuals, corporations, trusts with Canadian resident beneficiaries, and partnerships with Canadian resident members) who own specified foreign property with a total cost exceeding $100,000 CAD at any time during the tax year. Specified foreign property includes funds held outside Canada, shares of non-resident corporations, indebtedness owed by non-residents, interests in non-resident trusts, and real property located outside Canada (excluding personal-use property).

Streamline Your Foreign Property Reporting

This template walks you through all required sections of the T1135, including taxpayer identification, property categorization (funds and intangible property held outside Canada, shares of non-resident corporations, indebtedness owed by non-residents, interests in non-resident trusts, real property outside Canada, and other foreign property), detailed property information, income reporting, and maximum cost calculations.

With conditional logic built in, the form adapts to your specific situation—whether you're eligible for the simplified reporting method (for property costs between $100,000 and $250,000 CAD) or need to complete the detailed method. This intelligent branching ensures you only answer relevant questions, saving time while maintaining full CRA compliance.

Designed for Canadian Tax Professionals and Filers

Whether you're an accountant managing multiple client T1135 filings, a tax professional at a financial services firm, or an individual taxpayer with foreign investments, this template provides a clear, organized approach to gathering all necessary information. The form includes helpful descriptions and prompts to ensure accurate reporting of property costs, income earned, and gains or losses realized.

Integrate with Your Tax Workflow Using Stepper

Once submitted, this form can trigger automated workflows through Stepper, Paperform's AI-native workflow builder. Automatically organize T1135 submissions by client, send confirmation emails with submission summaries, update your practice management system, create tasks for review and filing, or route completed forms to senior accountants for approval. These automations help tax practices handle T1135 season efficiently while reducing manual data entry and the risk of missed deadlines.

Secure, Compliant Data Collection

Handling sensitive financial and tax information requires robust security. This Paperform template benefits from SOC 2 Type II compliance, encrypted data transmission, and secure storage—giving you and your clients confidence that CRA reporting data remains protected. You can also customize access controls and set up role-based permissions for team collaboration.

Beyond T1135: Your Complete Canadian Tax Compliance Platform

Paperform serves as an ideal solution for Canadian tax professionals, accounting firms, and financial advisors who need to collect various CRA-related information from clients. Create complementary forms for T1 General tax information gathering, TD1 Personal Tax Credits returns, provincial tax forms, authorization forms for CRA representation, or client intake questionnaires. With Paperform's document-style editor, you can maintain consistent branding across all your tax season forms while ensuring compliance with Canadian regulatory requirements.

Get Started with Professional T1135 Reporting

This template provides everything you need to collect complete T1135 information efficiently. Customize the form with your firm's branding, add your logo and contact information, adjust field requirements based on your practice needs, and embed it on your website or share it directly with clients. The clear, professional layout helps reduce client questions and back-and-forth, while comprehensive field validation catches errors before submission.

Make CRA T1135 compliance straightforward for you and your clients with Paperform's flexible, secure form builder—trusted by accounting professionals across Canada for regulatory compliance, client intake, and tax documentation collection.