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why T1135 income dose not show in line 12100


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There is a difference between reporting foreign income in Ufile and use of the T1135 form. This form is used to report investments in foreign countries that exceed 100,000 CAD$. The form is not part of the income tax return, it has no tax consequences unless you fail to file it. It is simply a ‘wealth tracking mechanism’. Foreign income is entered through the foreign income dialogue in the Interview section.

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