Search found 2 matches
- Mon Mar 22, 2021 10:09 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: 1115
Re: Do RIF taxes withheld in Canada count as estimated tax payments for the IRS
Thanks for the reply. CPP updated they are not taking tax in Canada
- 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: 1115
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...