2-minute check

Do you need to file FBAR or T1135?

These two filings catch more cross-border people than any others, and missing either one carries penalties. Answer two questions below for an indicative answer, then book a consult to confirm it.

We actually answer. Typical reply in under 15 minutes during business hours.

2-minute check

Answer two questions

Each question maps to one filing. Answer both and you get an indicative result for each.

Not sure what you found? Book a consult and we will confirm it properly.

The full explainer is on FBAR and T1135 Reporting.

Quick filing check

Indicative only, not tax advice

Q1 Do your non-US financial accounts ever total over $10,000 USD?

Q2 Do you hold non-Canadian property or assets over $100,000 CAD?

The two filings

What each one is, in plain language

FBAR (FinCEN 114)

A US report of non-US financial accounts, filed with the US Treasury and separate from the tax return. It is likely to apply if you are a US person and your non-US financial accounts total over $10,000 USD at any point in the year. The threshold is aggregate across accounts, which is where most people misjudge it.

T1135

A Canadian information return filed with the CRA. It is likely to apply if you are a Canadian resident and the total cost of your specified foreign property is over $100,000 CAD at any time in the year. Foreign bank accounts, shares of foreign companies and foreign rental property generally count toward it.

Indicative only, not tax advice. Thresholds are indicative and change. The consult confirms your exact obligations.

Questions

Before you run it, or after

Is the filing check a tax opinion?

No. It gives an indicative answer based on two questions, and your actual obligation depends on facts it does not ask about, such as your residency, the type of each account and the years involved. Book a consult and we will confirm it properly. Indicative only, not tax advice.

Can I owe both in the same year?

Yes. FBAR follows US status and T1135 follows Canadian residency, so a US citizen living in Canada with enough held on each side can owe both. The check answers each question separately for that reason.

I think I missed one of these in past years. What now?

Late FBAR and T1135 filings are regular work here. We establish which years are open and what each one needs, and you get a fixed fee before any work starts. What a tax authority does with a late filing is their call, so we will not promise you an outcome.

Which service covers these filings?

FBAR and T1135 reporting sits inside a cross-border engagement, because the reports belong next to the returns they support. See FBAR and T1135 Reporting for what is included and How Our Fees Work for how the fee is set.

20-minute consult, not billed

Confirm it with a person.

Twenty minutes. We confirm which filings apply to you, which years are open, and what the work costs, before you commit to anything.

Email us to book Email us

Typical reply under 15 minutes during business hours

A tax consultant reviews every return

CFA-led advisory

Signed off by a licensed practitioner of record

US & Canada, one team