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Are you familiar with the T1135 Form for Foreign Income Verification on your Canadian Tax Return? If you are a Canadian Resident and have Specified Property with a cost over $100,000 Canadian than you should watch this Video prepared by Sam Seidman, CPA, CA, LPA which explains why it’s important to ensure that it is completed complete and accurately.
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Watch the above Video and also be sure to read my blog posting on What is the Foreign Income Verification Statement and do I have to file it.