It mentioned the "ScotiaGold Passport Visa" and at first I thought surely that was some typo, as I'd never heard of that card. (I'd also never heard of Casa.) But they advertise it as "Enjoy no transaction fees when you pay your rent or condo fees through Casa with your ScotiaGold Passport Visa Card" and you earn 1 Scene+ point per dollar on the rent payment if the payment is at least $350 per month.

Scotiabank would only be receiving 1.25% or 1.45% interchange for such large Emerging Segments charges.

Below is the link to the changes:

https://chexy.co/insider/chang.....ct-22-2026

Briguy said

An even better way to pay your tax instalment is to pay through Chexy, assuming you have a Visa card that pays 3 or 4 % cashback for recurring payments. eg. if you pay through Chexy using a Scotia Momentum Visa Infinite card, you make about 2.25 % cashback. ( The card pays 4 % cashback on recurring payments and Chexy charges 1.75% handling fee ).  

This is great! I can deliberately overpay my 2026 tax installment ... max out my 2026 4% cashback ... then get a tax refund in 2027

Yes, the $25 per day failing-to-file penalty for up to 100 days (minimum $100 and maximum $2,500) is hefty. See CRA: Table of penalties for the other penalties that also apply.

There is a balancing between taxpayer privacy and tax enforcement. The T1135 form is only required from taxpayers that have sunk $100,000 or more into specified foreign property. Most taxpayers have not done that. So, there is no need for CRA to receive detailed private info about the foreign shares in most people's brokerage accounts.

That foreign holdings or foreign income report from investment dealers is to help clients complete their T1135. The report is not an official tax form and is not sent to CRA.

Scotia iTRADE has this on the last page of one of my reports:

This report has been provided to you as a courtesy service, for informational purposes only and not for official tax purposes. The financial data contained in this report has not been sent or reported to the Canada Revenue Agency and is provided on a reasonable efforts basis using files provided to us by third parties. …

AltaRed, I will visit my local MP if I am charged. $25.00 / day for late filing for something they already know, for I think most of us does not make sense.
Thank you for your replies. This is a great community.

When you file electronically, you will receive a confirmation number indicating that the Canada Revenue Agency (CRA) has received your form. Keep this number for your records.

CRA is aware of all foreign investments I hold with Canadian brokers as the specifics are detailed on the T1135 document. This form would be appropriate to capture assets that are held in entities outside of Canada or are not visible to CRA. I feel that Canadian's with foreign holdings at a Canadian broker are being subjected to unnecessary grief. A few of us probably hold some US or foreign stocks denominated in US funds in a Canadian brokerage account. I do not know anyone with foreign real property or who receives foreign rental income.

At a minimum, I cannot understand why CRA cannot confirm if they have receipt of the T1135 document that I mailed before April 30th. It will be costly for me if they claim they never received the mailed document. I think there should be some sort of exclusion for information CRA already has.

Perhaps I am missing something.

One needs to file a T1135 because CRA does not necessarily know all of a taxpayer's foreign assets. CRA wouldn't know if a taxpayer has a foreign domiciled bank account that might pay interest, or a foreign brokerage account, or real property that is rented out.