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T1135 form cost values


PeteH

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Hi, 

Does anyone know if I should fill in the fair market value of foreign real properties or the actual costs? Also, the form asks for "Max Value during the year" and "Year End cost value" - does it mean one has to track the market price of their foreign property?

Thanks,

 

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CAUTION: It depends on what question Peter H is asking. Antoine's answer is only applicable to knowing whether the $100k CAD equivalent was in place at any time during the year to see if the T1135 is even necessary to file.   The 'year end cost value' could be the same (if no US securities were sold) or it could be less if a security was sold.

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