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This version of the form is not currently in use and is provided for reference only. Download this version of
Form T1161
for the current year.
Form T1161 List of Properties by an Emigrant of Canada - Canada
Form T1161, List of Properties by an Emigrant of Canada, is used by individuals who are emigrating from Canada for tax purposes. This form is used to report specific information about the properties they own in Canada at the time of emigration. It helps the Canadian government track and assess any potential tax liabilities that may arise from the disposal of these properties.
The emigrant of Canada files the Form T1161 List of Properties.
FAQ
Q: What is Form T1161?
A: Form T1161 is a tax form used by emigrants of Canada to report their properties at the time of emigration.
Q: Who needs to file Form T1161?
A: Canadian residents who are emigrating from Canada need to file Form T1161.
Q: What information is required on Form T1161?
A: Form T1161 requires information about the emigrant's properties, such as their fair market value and their location.
Q: When does Form T1161 need to be filed?
A: Form T1161 needs to be filed within 90 days after the emigrant's departure from Canada.
Q: What are the consequences of not filing Form T1161?
A: Not filing Form T1161 or providing false or misleading information can result in penalties and fines.
Q: Can I file Form T1161 electronically?
A: No, Form T1161 cannot be filed electronically and must be filed by mail.
Q: Do I need to report all my properties on Form T1161?
A: Yes, all properties, including real estate, investments, and personal belongings, need to be reported on Form T1161.
