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Do not use this area This revised form T1134 is a combination of former forms T1134A and T1134B. Refer to the attached instructions before you complete the T1134 Summary and Supplements. A separate supplement must be filed for each foreign affiliate. Do not file a return for dormant or inactive foreign affiliates.

How to fill out t1134 form

How to fill out t1134:

1. Start by obtaining the T1134 form from the Canada Revenue Agency (CRA) website or by contacting the CRA directly.
2. Read the instructions carefully to understand the requirements and obligations for filling out the form accurately.
3. Provide your personal and contact information, including your name, address, and social insurance number.
4. Fill out Part A of the form, which requires you to provide details about the specified foreign property you own or control.
5. Include the description of the property, the cost amount, the country in which the property is located, and the maximum fair market value during the tax year.
6. If you acquired or disposed of any specified foreign property during the tax year, complete Part B of the form, providing additional information about the transaction.
7. Fill out the appropriate sections of Part C if you have any income or loss related to the specified foreign property and need to report it separately.
8. Add up the total cost amount and the fair market value of all your specified foreign property and enter the amounts in the designated boxes.
9. Complete the certification at the bottom of the form, ensuring that all the information provided is accurate and true to the best of your knowledge.
10. Keep a copy of the completed T1134 form for your records before submitting it to the CRA.

Who needs t1134:

1. Canadian residents who own specified foreign property with a total cost amount exceeding CAD 100,000 at any point during the tax year must fill out the T1134 form.
2. Individuals, corporations, and trusts that own specified foreign property, including tangible and intangible properties such as real estate, bank accounts, investments, patents, trademarks, and copyrights, may be required to file t1134.
3. It is important to note that certain exceptions and special rules apply, so it is advisable to consult the CRA website or seek professional advice to determine whether you need to file the T1134 form.

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What is t1134?

T1134 is a form used to report information regarding Controlled and Non-Controlled Foreign Affiliates.

Who is required to file t1134?

Canadian resident corporations that own or control foreign affiliates are required to file t1134.

How to fill out t1134?

T1134 is filled out by providing detailed information about foreign affiliates including their name, address, country of residence, ownership percentage, and financial details.

What is the purpose of t1134?

The purpose of t1134 is to report information about foreign affiliates for tax purposes and to prevent tax evasion.

What information must be reported on t1134?

Information such as the name, address, country of residence, ownership percentage, and financial details of foreign affiliates must be reported on t1134.