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Student Services Center Natchitoches, LA 71497 T 318.357.6171 800.807.8849 F 318.357.5823 registrar insula.edu Office of the Registrar STUDENT INFORMATION RELEASE AUTHORIZATION STUDENT INFORMATION
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What is t 318?
t 318 is a form used for reporting information regarding certain financial assets held outside of Canada.
Who is required to file t 318?
Canadian residents, corporations, partnerships, trusts, and certain other entities are required to file t 318 if they have specified foreign property with a total cost amount of over $100,000 CAD at any point during the taxation year.
How to fill out t 318?
The t 318 form can be filled out electronically or manually. You will need to provide information about the type of foreign property you own, the country in which it is located, the cost amount, and other details specified on the form.
What is the purpose of t 318?
The purpose of t 318 is to track and report foreign assets held by Canadian residents and entities to ensure compliance with Canadian tax laws.
What information must be reported on t 318?
Information such as the description of the foreign property, the country in which it is located, the cost amount, and the maximum cost amount during the year must be reported on t 318.
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