When must I file CRA Form T1135 Foreign Income Verification?

You must file Form T1135 if at any time during the tax year the total cost of your specified foreign property exceeded $100,000 CAD. Failure to file can result in severe CRA penalties of $25 per day up to $2,500 per year.

How is cryptocurrency taxed in Canada?

The CRA treats cryptocurrency as a commodity. Buying goods, trading one crypto for another, or cashing out to CAD triggers a disposition. For investors, 50% of the net capital gain is taxable; for active traders, it is treated as 100% taxable business income.

📈For Investors

Investment, Stock & Crypto Tax
CRA Filing with CPA Precision.

Trading stocks, ETFs, options, or cryptocurrency? Holding foreign accounts over $100K? TaxTribe calculates your Adjusted Cost Base (ACB), applies the superficial loss rules, and files Form T1135 with complete audit certainty.

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                Adjusted Cost Base (ACB) tracking across multiple brokers & currency conversions
              

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                CRA Form T1135 Foreign Income Verification Statement preparation
              

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                Cryptocurrency reconciliation: Trades, DeFi yields, staking, & hard forks
              

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                Dividend tax credit optimization & carrying charges write-offs (interest & fees)
              

50% Capital Gains Inclusion

$100K CAD T1135 Threshold

100% CRA E-File Certified

Investor Tax Review

CPA analysis • T1135 check • Crypto reconciliation

Investment Tax Scenarios We Master

Navigate complex CRA cross-border rules and new capital gains policies.

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Form T1135 Compliance

Ensure accurate Part A or Part B simplified reporting for US brokerage accounts, foreign rental real estate, offshore shares, and cash holdings.

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Cryptocurrency Reconciliation

We reconcile transactions across Binance, Coinbase, Kraken, hardware wallets, and DeFi protocols into CRA-compliant tax logs.

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Superficial Loss & ACB

Accurate calculation of multi-currency transactions using Bank of Canada daily exchange rates and applying the 30-day superficial loss rule.

Investment, Stock & Crypto Tax CRA Filing with CPA Precision.