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by wonderbar
Sat Mar 20, 2021 11:06 am
Forum: Canada / United States Tax & Accounting
Topic: Do RIF taxes withheld in Canada count as estimated tax payments for the IRS
Replies: 2
Views: 1082

Do RIF taxes withheld in Canada count as estimated tax payments for the IRS

We are US tax payers that will be getting CPP payments and RIF distributions for the first time in 2021. We will be getting 15% tax withheld for RIF distributions in Canada and 25% tax withheld on CPP payments. Does the IRS recognize the taxes withheld in Canada as estimated taxes paid? What payment...