• Last Updated:
  • Apr 17th, 2018 11:43 pm
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[OP]
Jr. Member
Dec 2, 2007
144 posts
20 upvotes
Regina

T1135 info

I'm looking to acquire 35% of a business, my portion will be worth over 100K so I believe I will need to file a T1135. Anyone have experience with it? My financial planner who does my taxes for no charge because I'm a client doesn't want to take on the T1135 responsibility. Thoughts? Recommendations?

From what I've read:

The T1135 has been simplified somewhat in recent years:
https://www.canada.ca/en/revenue-agency ... t1135.html
https://www.canada.ca/en/revenue-agency ... t1135.html
https://www.taxtips.ca/filing/foreign-a ... orting.htm
http://www.advisor.ca/tax/tax-news/unde ... 135-151683

The penalties are broken down here: https://www.canada.ca/en/revenue-agency ... lties.html
1 reply
Jr. Member
Jul 29, 2007
150 posts
53 upvotes
Toronto
What kind of thoughts and recommendations are you looking for? Whether or not you need to file a T1135? Or how it should be done?

Also, when you say you're going to acquire a stake in this business. Are you acquiring shares of a corporation?

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