Detailed T1135: do I report US shares I hold in Questrade as "Shares of non-resident corps" or "Property held in an account with a Canadian registered securities dealer"

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April 15, 2024
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I am doing my Canadian Tax return for 2023. I hold US shares in an account with Questrade. Questrade is a Canadian registered securities dealer. I have more than 250,000 in foreign property. Therefore, I need to fill in the detailed T1135 form. Should I report the US shares I hold with Questrade as "Shares of non-resident corporations" or as "Property held in an account with a Canadian registered securities dealer or a Canadian trust company"

TurboTaxSusan

If Questrade is a Canadian registered securities dealer, then you can report your assets under Category 7, "Property held in an account with a Canadian registered securities dealer or a Canadian trust company".