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Bill has foreign shares in a US cosporation , ABC Inc. that costs CAD $ 1 2 0 , 0 0 0 ten years ago.

Bill has foreign shares in a US cosporation, ABC Inc. that costs CAD $120,000 ten years ago. These shares were worth CAD $80,000 in 2022. Does Bill need to file a form T1135 for 2022? Explain.

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