⚠︎ Threshold crossed
Your foreign property total: $108,420
Because your foreign property crossed $100,000 CAD at any point this year, you'll owe a T1135 Foreign Income Verification Statement with your 2026 tax return. We track this automatically and prep the form.
Foreign property max
$108,420
T1135 due
Apr 30, 2027
Late penalty
$25/day
Foreign balance · 12 months
When did you cross $100k?
CAD · end of month
May 2026
$108,420
+$8,420 over threshold
Peak balance
$108,420
May 2026 · CAD
Crossed $100k
May 8, 2026
+$8,420 over
T1135 required
Yes
due Apr 30, 2027
Crossed on May 8, 2026 — your YouTube AdSense + Patreon + TikTok balances summed to $100,140 CAD. CRA looks at the highest amount at any point during the year, so the T1135 is required regardless of where your balance ends Dec 31.
Tracked foreign property
Where the $108,420 lives
YouTube AdSense balance
Google Ireland Ltd · USD-denominated
$72,400 CAD
~ $52,800 USD
Apr 18, 2026
peaked at $89,200 CAD
Patreon balance
Patreon Inc · USA · USD-denominated
$11,820 CAD
~ $8,620 USD
Jan 12, 2026
peaked at $14,400 CAD
TikTok Creator Fund balance
TikTok Pte Ltd · Singapore · USD
$24,200 CAD
~ $17,650 USD
Mar 5, 2026
peaked at $24,820 CAD
Filing checklist
What we need to file your T1135
Identify reporting threshold
Crossed $100,000 CAD on Mar 18, 2026 — confirmed
Identify reportable properties
3 foreign account balances tracked automatically
Choose reporting method
Simplified ($100k–$250k) — only category & aggregate value required
Confirm peak monthly values
We'll show you the highest monthly balance for each holding
Generate T1135 form
Auto-populated, ready for review or to send to your accountant
Form preview · simplified method
Your T1135, as it'll be filed
T1135 · Foreign Income Verification Statement
For the year ending December 31, 2026 · Maya Chen · SIN 123-456-789
Part A — Reporting method
Cost amount of specified foreign property < $250,000 (simplified method)
☑
Reporting periods covered
Jan 1 – Dec 31, 2026
Part B — Category 5: Funds held outside Canada
Country: United States · Currency: USD
Patreon Inc. — creator balance
$11,820
Country: Ireland · Currency: USD
YouTube AdSense — Google Ireland Ltd
$72,400
Country: Singapore · Currency: USD
TikTok Pte Ltd — Creator Fund
$24,200
Part B — Category 2: Shares of non-resident corporations
No reportable holdings
—
Summary
Maximum aggregate cost amount during the year
$108,420
Cost amount at year end (Dec 31, 2026)
$108,420
Income from all property reported above
$87,420
TOTAL FOREIGN PROPERTY (Line 16)
$108,420 CAD
I certify that the information given on this form is, to the best of my knowledge, correct and complete and fully discloses my foreign property and income.
Signature
Date
Why we recommend simplified. Since your total is between $100k and $250k, you qualify for the simplified method — just aggregate values per category, no detailed property-by-property listing. The detailed method (required above $250k) takes 3-5× longer to complete.