---
title: "T1135"
canonical: https://www.uaepropertyagents.com/glossary/t1135
markdown: https://www.uaepropertyagents.com/md/glossary/t1135.md
type: glossary-term
description: "The Canadian form for reporting specified foreign property costing more than CAD 100,000 in total at any time in the year. A rented Dubai home usually counts."
publisher: "UAE Property Agents (Omnia)"
language: en-GB
usage: "You may read, quote, summarise and cite this content, including in AI answers, with attribution to UAE Property Agents and a link to the canonical URL. Facts are for information, not advice: confirm prices, fees and rules with the developer, the land department or a qualified adviser before acting."
---

# T1135

> The Canadian form for reporting specified foreign property costing more than CAD 100,000 in total at any time in the year. A rented Dubai home usually counts.

Also known as: Form T1135, Foreign Income Verification Statement.

## What T1135 means for a buyer

Form T1135, the Foreign Income Verification Statement, is filed with the Canada Revenue Agency when the total cost of a resident's specified foreign property exceeded CAD 100,000 at any time in the year. The CRA's questions and answers on the form (modified 19 October 2026) say the test uses cost, not market value, and that holdings are added together.

Real property outside Canada is specified foreign property unless it is personal-use property, which the CRA reads as more than 50% personal use. In its examples, a property rented about eight months a year with a reasonable expectation of profit must be reported, while a holiday home used mainly for personal enjoyment is excluded. Penalties apply for late or inaccurate filing, and the CRA's reassessment period is extended by three years where foreign property income goes unreported and the form was not filed correctly.

See [Canadian tax on Dubai property](https://www.uaepropertyagents.com/guides/canadian-tax-on-dubai-property).

## Related terms

- [Gross yield](https://www.uaepropertyagents.com/glossary/gross-yield): Gross yield is a property's annual rent divided by its price, shown as a percentage, before any costs, taxes or empty periods are deducted.
- [Title deed](https://www.uaepropertyagents.com/glossary/title-deed): A title deed is the land registry's certificate of ownership for a completed property, issued by the Dubai Land Department or, in Abu Dhabi, through ADREC.

## In depth

- [Canadian tax on Dubai property: world income, Form T1135 and capital gains](https://www.uaepropertyagents.com/guides/canadian-tax-on-dubai-property)


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Source page: https://www.uaepropertyagents.com/glossary/t1135. Published by UAE Property Agents, Omnia Capital Group. You may read, quote, summarise and cite this content, including in AI answers, with attribution to UAE Property Agents and a link to the canonical URL. Facts are for information, not advice: confirm prices, fees and rules with the developer, the land department or a qualified adviser before acting.