Foreign Property or not?

A taxpayer has two T5008s.

(1)
Issuer: TD INVESTMENT SERVICES INC.
Security: TD US MONTHLY INCOME FUND US

(2)
Issuer: FIDELITY INVESTMENTS CANADA ULC
Security: FIDELITY GLOBAL BALANCED CLASS PORTFOLIO US

I have asked this taxpayer if they held foreign property in the past and they said no. They also checked with their bank.

However, I saw these slips above for the year 2022. One slip alone has a cost (box 20) of above $100k.

Can anyone comment?

The securities you have listed are Canadian mutual fund trusts… regardless of what the mutual fund invests in.

An investor who holds an investment in a Canadian mutual fund trust does not need to report that property on a T1135 because a Canadian mutual fund trust is not a “specified foreign property”.

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The investment house usually issues a report for specified deposits

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Thank you for your replies, I really appreciate it.

Have a great weekend!