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Guyome

Newbie
Dec 27, 2020
1
0
Hello every one,

I am looking for details law about declaration and also consequences of owning real estate unite outside canada? A friend of mine was searching what are his obligation beside the obligations of filling the report T1135.

We should refer to which laws specifiquely please?
 
Hello every one,

I am looking for details law about declaration and also consequences of owning real estate unite outside canada? A friend of mine was searching what are his obligation beside the obligations of filling the report T1135.

We should refer to which laws specifiquely please?
Your friend is responsible for filing T1135 and reporting relevant rental income (if applicable) every year, if he is a resident for tax purposes. That's all.