I EFILED a client return last night (after the most recent update), and I checked off "NO" for foreign property >$100k cost. She received an email afterward, saying When you filed your return, you answered "yes" to the question on page 2, "Did you own or hold specified foreign property where the total cost amount of all such property, at any time in 2023, was more than CAN$100,000?" Therefore, you are required to file Form T1135, Foreign Income Verification Statement, if you have not already done so. There are substantial penalties for not filing Form T1135 by the due date. For more information see form T1135 at canada.ca/cra-forms. I have confirmed that nothing on the return indicated T1135 should be filed. She has had to file in prior years but definitely not this year. Is this a software glitch or a CRA glitch?
