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Mar 19, 2023 11:36 pm
I inherited a deceased relative's apartment through his will in India last year and immediately dold it off. Do I need to file T1135 or T1142 or both?
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Mar 22, 2023 10:15 pm
If the property was a personal use property at the time of inheritance, then do not complete form T1135. If the property was a rental property at the time of inheritance, then complete form T1135. Lastly, the sales proceeds deposited into a bank account outside Canada must also be reported on form T1135.
Do not complete form T1142.