T1161 — List of Properties by an Emigrant of Canada

Form T1161, titled List of Properties by an Emigrant of Canada, is an official Canada Revenue Agency (CRA) form you must complete if you ceased to be a resident of Canada for income tax purposes during the year and owned certain types of properties on the date you emigrated. The form lists the properties you held when you left and is part of the Canada “departure tax” reporting requirements.

📥 Download the Form

You must download the PDF to your computer and open it with Acrobat Reader 10 or later to fill it in correctly.

📌 When You Must Complete This Form

If you emigrated from Canada (stopped being a resident) in the tax year and the total value of your worldwide property (taxable and some non‑taxable) on the date of departure exceeds CAD 25,000, you are typically required to file Form T1161 along with your departure tax return. Excluded categories often include pension plans (RRSP, TFSA, RRIF, etc.) and personal property below a prescribed value.

📊 What to Report

The form requires information on the property you owned when you left Canada, such as:

  • real estate or land
  • shares, bonds and investments
  • business property
  • certain personal property if above reporting thresholds

T1161 lists these assets so the CRA can match the property information with your departure return and any deemed dispositions.

🧾 Relation to Departure Tax Filing

When you stop being a tax resident, the CRA treats you as if you have sold most of your property at fair market value on the departure date — triggering “deemed dispositions.” Form T1161 supports the capital gains or losses reported on your departure year return, often in conjunction with forms such as T1243 (Deemed Disposition of Property by an Emigrant) and T1244 (Election to Defer the Payment of Tax on Income Relating to the Deemed Disposition of Property).

⚠️ Penalties for Not Filing

If you are required to file T1161 and fail to do so by the due date, the CRA may assess a penalty (e.g., a daily penalty up to a set maximum) and you could face additional compliance issues. Consult the form’s instructions and departure tax guidance for deadlines and specifics.

📍 Important Notes

  • Not all assets need to be disclosed; certain registered accounts and small personal property may be excluded.
  • T1161 must generally be filed with your T1 departure return for the year you ceased Canadian residency.
  • Because T1161 relates to emigration and international tax status, careful planning or a tax professional’s advice is often recommended.

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