You file your T1135 for a taxation, and for your trouble the CRA responds with a questionnaire about one of the investments shown on the form. The questionnaire requires the following information (which I have taken almost verbatim from the questionnaire itself):
- For the initial investment, provide the date you invested, the amount invested, how you paid for it and the party to whom you paid the amount.
- Provide the same information for any subsequent additional purchases.
- Provide the payee, amount paid and date of payment for any finder’s fees or commissions for the investment
- How did you become aware of the investment (eg website, friends, relatives, co-workers)?
- Provide the name of the person with whom you dealt when you purchased the investment.
- Where did you meet the sales agent? If it was at a seminar, provide the date of the seminar, the time, the location, the cost to attend and the organizer of the seminar.
- Were you given any marketing materials such as a brochure or prospectus? If so, please provide a copy of those materials.
- Were you provided with any assistance in relation to your investment in this fund such as opening a foreign bank account or arranging for electronic funds transfers. If so, please explain who provided the assistance and describe the extent of such assistance.
- Please provide an explanation of why you chose to invest in this particular fund (e.g. competitive returns, low-tax jurisdiction).
- Did you seek any advice with respect to the potential Canadian income tax implications of your investment in this fund? If so, please provide the nature of the advice and identify the person from whom it was received.
- Have you disposed of any of your units in this fund since the initial purchase date? If so, please provide details of how the proceeds were provided to you (e.g. wire transfer, deposit to foreign bank account).
- Are you aware of any other people whoalso invested in this fund (e.g. friends, relatives, coworkers)? If so, please provide their names.
- Please provide a listing of any other short-term and long-term investments held or controlled (directly or indirectly) by you at any time during the last two years not discussed elsewhere in this questionnaire.