Form T1135 I own $250k+ BTC but not foreign stored (I have it on my hdwr wallet) - do I need to submit T1135?

[Ronatola]

What if I own over $250,000 CAD worth of BTC stored in my Hardware Wallet and physically stored in Canada?
Do I still need to submit a T1135?
I cannot see which section in PART B of T1135 applies to that scenario.

[Maggie3]

Hello Ronatola,

The form T1135 is used to report foreign income property held outside of Canada.

For more information on this topic, please refer to the link below:

https://www.canada.ca/en/revenue-agency/services/tax/international-non-residents/information-been-moved/foreign-reporting/questions-answers-about-form-t1135.html#h1

 

[Ronatola]

From the complexity of my OP I would hope you could surmise that I had that knowledge already.  I guess not.

Your reply, nor that link, does anything to answer the question.

[Maggie3]

Hello,

If you are not sure, please call the CRA at 1-800-959-8281. 

Our role as a software company is to assist users with the use of the software. Your question relates to a tax question which is best answered by either the CRA or a CPA specializing in tax matters.

Thank you for your understanding.