Search found 3 matches

by novice01
Thu Mar 27, 2025 4:28 am
Forum: Canada / United States Tax & Accounting
Topic: Tax payable for Interest incomes from US brokerage firm by non-resident of US?
Replies: 3
Views: 5685

Re: Tax payable for Interest incomes from US brokerage firm by non-resident of US?

After doing more research, I may be able to answer my own question. My interest income was reported by form
1042-S, where box 3 Chapter indicator showed "3", box 3a exemption code showed "05", and box 3b Tax rate
showed "00.00". From googling, chapter 3 represents the withholding that applies to ...
by novice01
Thu Mar 27, 2025 4:27 am
Forum: Canada / United States Tax & Accounting
Topic: Tax payable for Interest incomes from US brokerage firm by non-resident of US?
Replies: 3
Views: 5685

Re: Tax payable for Interest incomes from US brokerage firm by non-resident of US?

After doing more research, I may be able to answer my own question. My interest income was reported by form
1042-S, where box 3 Chapter indicator showed "3", box 3a exemption code showed "05", and box 3b Tax rate
showed "00.00". From googling, chapter 3 represents the withholding that applies to ...
by novice01
Tue Mar 18, 2025 10:44 pm
Forum: Canada / United States Tax & Accounting
Topic: Tax payable for Interest incomes from US brokerage firm by non-resident of US?
Replies: 3
Views: 5685

Tax payable for Interest incomes from US brokerage firm by non-resident of US?

Hi,

Canadian citizen here, used to work in US, has retired recently, and no longer resides in US.

As non-resident of US, I need to file 1040-NR to report dividend incomes from US corp. and pay tax
accordingly.
But I am not clear if interest incomes from US brokerage firms are payable or not?
A ...