Q: I have USA stocks with a value of 120K with Canadian Broker.
Do I need to fill out Form T1135 and if yes which box do you think it applies to me.
As per simplified reporting method
I need to check boxes that apply to me
Funds Held outside Canada
Shares of non-resident corporation (other than foreign affiliates)
Indebtedness owed by non-resident
Interest in non-resident trusts.
Thanks for your help.
Do I need to fill out Form T1135 and if yes which box do you think it applies to me.
As per simplified reporting method
I need to check boxes that apply to me
Funds Held outside Canada
Shares of non-resident corporation (other than foreign affiliates)
Indebtedness owed by non-resident
Interest in non-resident trusts.
Thanks for your help.