CRA confirms that the same date must be picked by it in totalling the maximum cost of foreign property on which the T1135 s. 162(10.1)(e) penalty is calculated

CRA considers that the additional penalty under s.162(10.1)(e) for failure to file a T1135 is determined based on the total costs of all specified foreign property on the day in the year where that total is the highest, rather than by determining the highest cost that each specified foreign property had in the year, and totalling all those highest costs.

Neal Armstrong. Summary of 16 July 2015 Memo 2015-0590681I7 under s. 162(10.1).