I have not filed T1135 form in the past years - what are my options?
So I just now figuring out that I was supposed to file T1135 tax for for Foreign Property as I have US/Global ETFs in my "open" accounts with value over 100k. I assumed that stocks/ETFs in brokerage account do not qualify as "foreign property". So my answer to "Do you have foreign property over 100k" was always "No". I am finding now that I was wrong. So what are my options? Do Revenue Canada has voluntary disclosure option when I can amend my previous returns without penalty? In 2013 T1135 form has "shortcut" for "T5/T3 reporting exception" and as probably all ETFs had some sort of T5 or T3, my T1135 form should be very simple, right?
Again, what are my option for not filing T1135 for past years?
Additional info - here is article about penalties: http://www.advisor.ca/news/industry-new ... costly-494
Another question - in 2013 return if you received T3/T5 then you can utilize "Reporting Exception". Does that mean that if all my income was part of T3/T5, then I do not have to fill T1135 for year 2013?
Again, what are my option for not filing T1135 for past years?
Additional info - here is article about penalties: http://www.advisor.ca/news/industry-new ... costly-494
Another question - in 2013 return if you received T3/T5 then you can utilize "Reporting Exception". Does that mean that if all my income was part of T3/T5, then I do not have to fill T1135 for year 2013?