Search found 2 matches

by curious1
Wed Feb 06, 2019 3:20 pm
Forum: Canada / United States Tax & Accounting
Topic: Re-sourcing US income to Canada
Replies: 4
Views: 238

Re: Re-sourcing US income to Canada

That’s very helpful. Thanks. Regarding US sourced (IRA) pension, my understanding is that Canada does not allow one to claim a pension related FTC greater than 15%. In order to avoid double taxation, this is dealt with under the treaty by allowing the pension income to be re-sourced to Canada, which...
by curious1
Tue Feb 05, 2019 10:59 pm
Forum: Canada / United States Tax & Accounting
Topic: Re-sourcing US income to Canada
Replies: 4
Views: 238

Re-sourcing US income to Canada

For US citizens living in Canada, what types of US income (other than US pension income) can be re-sourced to Canada when calculating the foreign tax credit. Can US based deferred compensation be re-sourced to Canada? Capital gains? Thanks!