T1135 and savings bonds

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cat
Posts: 46
Joined: Tue May 24, 2005 1:40 pm

T1135 and savings bonds

Post by cat »

I have to file the T1135 because of a foreign bank account I have over $100K.

If someone purchases a US savings bond for me as a gift and the bond has not been redeemed. Will it be reportable on the T1135 in the year it is purchased or only when it is redeemed?
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nelsona
Posts: 18688
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

T1135 is for reporting the existence of accounts, not for income.
Savings Bond interst must be reported every year in Canada.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
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