Avoid stiff penalties with help from our Experts
Do you own foreign investments or assets valued at more than CAD 100,000?
If yes, then you will need to complete the foreign property requirements with your tax return. This can be completed by filing form T1135 with your tax return.
At Softron Tax, we have years of experience in foreign property reporting and will ensure all our customers who have foreign income will have it filed properly to the CRA to avoid stiff penalties.
Failure to report foreign property can attract penalties up to $2500 per year. We ca guide you on how you can report for past years without getting penalized.
Visit your nearest Softron location today or call to book an appointment.
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