Questions about T1135 Form
The condition states that: If the total cost of all specified foreign property held at any time during the year exceeds $100,000 but was less than $250,000, you are required to complete either Part A or Part B
I've received a tax package from TD with a section that details the Foreign Properties that I held.
1. Under each month in the table there is a total amount. Do I add up all of the months from January to December to decide if I am over the $100,000 / $250,000 threshold?
2. Or do I use the one highest amount of the month in 2019 to determine if I am over the $100,000?
Thanks in advance.