The T1135 and functional currency
by Intuit• Updated 1 week ago
Note: The T1135 in the T1 and T3 modules must always be completed in Canadian dollars.
The T1135 for 2023 in the T1 and T3 modules doesn't let you select a functional currency. The T1135 states:

The election is made through filing election form T1296. The requirements to make this election:

Personal and trust filers can’t make this election, so they can’t use a functional currency to report amounts on the T1135.
For reference the election form T1296 can be found at this link.
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