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- Tue Jan 25, 2022 3:00 am
- Forum: Canada / United States Tax & Accounting
- Topic: T1135 Penalties
- Replies: 1
- Views: 1104
T1135 Penalties
Does anyone know how T1135 penalties are assessed? I realized that I did not file a T1135 for the 2017 tax year and my foreign assets ($120K CAD worth of USD cash in savings accounts) were above $100K CAD threshold for about three months in that year. I submitted that return in early 2018 and I've p...