What is not considered Specified Foreign Property (SFP)?

The following are not considered SFP:

• Property used exclusively for an active business.
• Property held in registered Canadian plans, such as RRSP, RRIF, RPP, RESP, RDSP, TFSA, or FHSA.
• Personal use property (e.g., car, vacation property, jewelry, artwork).
• Assets in certain foreign retirement accounts, like a U.S. 401(k) or IRA.
• Interests in or rights to acquire any of the above-excluded foreign property.
• Interests in Canadian registered mutual funds, ETFs, and segregated funds, regardless of the underlying assets.