One last thought...
Do US and Canadian Tax Treaty agreement(s) not factor into the Tax treatment of Personal Pension incomes? Social Security (OAS, CPP)?
Search found 5 matches
- Tue May 31, 2022 6:18 pm
- Forum: Canada / United States Tax & Accounting
- Topic: How to properly calculate Foreign Tax credit on Canadian employer pension
- Replies: 7
- Views: 4993
- Sat May 28, 2022 1:47 pm
- Forum: Canada / United States Tax & Accounting
- Topic: How to properly calculate Foreign Tax credit on Canadian employer pension
- Replies: 7
- Views: 4993
Re: How to properly calculate Foreign Tax credit on Canadian employer pension
Thank you. Your feedback has been very enlightening.
- Sat May 28, 2022 1:24 am
- Forum: Canada / United States Tax & Accounting
- Topic: How to properly calculate Foreign Tax credit on Canadian employer pension
- Replies: 7
- Views: 4993
Re: How to properly calculate Foreign Tax credit on Canadian employer pension
That is an interesting and a significant notion about the effect that effective tax rates have on the amount of foreign tax credit you would be able to claim.
We plan on doing some substantial ROTH conversions from my spouses 401(k) over the next 3 years, which would increase BOTH our marginal tax ...
We plan on doing some substantial ROTH conversions from my spouses 401(k) over the next 3 years, which would increase BOTH our marginal tax ...
- Fri May 27, 2022 6:11 pm
- Forum: Canada / United States Tax & Accounting
- Topic: How to properly calculate Foreign Tax credit on Canadian employer pension
- Replies: 7
- Views: 4993
Re: How to properly calculate Foreign Tax credit on Canadian employer pension
I turned 55 in December of 2020. I made a mistake on the original post. I don't think I have editing rights yet.
- Fri May 27, 2022 5:54 pm
- Forum: Canada / United States Tax & Accounting
- Topic: How to properly calculate Foreign Tax credit on Canadian employer pension
- Replies: 7
- Views: 4993
How to properly calculate Foreign Tax credit on Canadian employer pension
My US spouse and I are both retired. I have been a US resident(green card) from Canada for over 5 years. Til last year, our taxes were simple since all the taxable income reported to IRS was US sourced--I did not work since coming to USA. Last year (I turned 50 in December of 2020) I first claimed ...