Serbinski Accounting Firms

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...

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!