The foreign property tax implications associated with owning cryptocurrencies

The foreign property tax implications associated with owning cryptocurrencies

The foreign property tax implications associated with owning cryptocurrencies Jamie Golombek: Where, exactly, is your cryptocurrency located? It's complicated Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Article content If you hold foreign property whose total cost exceeds $100,000 at any point in a tax year, you’re required to file Form T1135. The form covers the obvious things, such as your Swiss bank account or Cayman offshore investment portfolio, but it’s also required for foreign stocks, such as Apple Inc., Microsoft Corp. or Google owner Alphabet Inc., that are held in a Canadian, non-registered brokerage account. Advertisement Article content Excluded are foreign securities held inside pooled products, like Canadian mutual funds and registered retirement …
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