CRA notes that Canadian partners are relieved from filing T1135s where they hold “their” foreign property through a foreign partnership in which they have a 10% interest

A foreign partnership holding foreign investment property with a cost amount over $100,000 constituted a “specified Canadian entity” because its Canadian-resident partners held partnership interests entitling them to at least 10% of the income (or loss) of the partnership during the period, so that it was required to file T1135 returns.

The Canadian partners were not required to file a T1135 if their only relevant property was their interest in the partnership, given that an interest in a partnership that is a specified Canadian entity is excluded from being “specified foreign property” pursuant to para. (o) of that definition.

Neal Armstrong. Summary of 2 June 2026 STEP Roundtable, Q.15 under s. 233.3(1) – specified Canadian entity – (b).