It is required that clients with over $100,000 in foreign property file a T1135 form. It is crucial for accountants to acquire relevant and complete information due to the complexity level of this form. The $100,000 threshold was planned to be increased; however, the Liberal government may not change this limit.

Given the recent market volatility, investors should not let the recent uncertainty because of short-term effects hinder their decisions; investors should stick to their initial investment plan. History has shown that any sudden dip or weakening of the markets usually causes a rebound afterwards. Investors are better off staying the course and endure the full market cycle by sacrificing the present difficulties in order to gain on the long-term recovery. Certain professionally managed solutions provide diversification; this includes global allocation and asset allocation.