Hi, I have filed taxes for the past 3 years. However, it was only this year that I got to know that one needs to disclose assets outside Canada as well every year on tax filings. I need to file for citizenship as well.
What is the impact of this in citizenship application? I am currently in talks with an accountant to understand possibilities of filing for an amendment of my previous tax years or the form T1135 for the current year 2025 (the assets were less 100k till previous year, only this year it increased because of pending reimbursements and appreciation in stocks value due to market getting all time highs). I am also in process of repatriating some of the funds to Canada.
Should I be doing the above before or after my citizenship application, to avoid complications? Are these processes interlinked or they have no effect in citizenship application?
What is the impact of this in citizenship application? I am currently in talks with an accountant to understand possibilities of filing for an amendment of my previous tax years or the form T1135 for the current year 2025 (the assets were less 100k till previous year, only this year it increased because of pending reimbursements and appreciation in stocks value due to market getting all time highs). I am also in process of repatriating some of the funds to Canada.
Should I be doing the above before or after my citizenship application, to avoid complications? Are these processes interlinked or they have no effect in citizenship application?
