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Didn't report worldwide income/declare foreign assets

steaky

VIP Member
Nov 11, 2008
15,206
1,871
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Yes I am still a canadian resident since 2020 every year.
However as you see, my cash in India got used up towards primary home in India ( i dont rent it out). So then it means texhnically i had less than 100K assets in india and so did not file t1135 in 2023
So you don't have a primary residence in Canada? Do you know you can only designate one principal residence? Also, do you mean your cash + Indian property value in 2023 is less than 100K?
 

NiSn

Hero Member
Mar 17, 2018
245
35
So you don't have a primary residence in Canada? Do you know you can only designate one principal residence? Also, do you mean your cash + Indian property value in 2023 is less than 100K?
I rent in Canada. Do not own a home. Only home i own in the world is in India. CRA clearly says your home or vacation home isnt part of 100K. Home value is 150K and now the cash i have is almost zero in India after paying all.