Финансы в Канаде
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d. John originally purchased his cottage for $70,000 and years later was immigrating to Canada. At that time, the FMV was $130,000 and John has rented the cottage. Does John need to file T1135 along with his personal tax return? Yes, John has investment to be reported at $130,000 (adjusted cost base at the time of immigration is the FMV) and investment income must be reported (at gross value) along with the T1135 filing.