Search found 3 matches
- Tue Apr 05, 2005 10:39 am
- Forum: Canada / United States Tax & Accounting
- Topic: Form 1116
- Replies: 3
- Views: 4964
My question is about Form 1116 so I add it to this topic though it has nothing to do with the above situation. My question is the difference between “passive income” and “high withholding tax interest” income. My NR4s from Canada report withholding tax of 10% on interest, 25% on rents and 15% on my ...
- Wed Mar 30, 2005 11:33 am
- Forum: Canada / United States Tax & Accounting
- Topic: CAD income reporting on 1040
- Replies: 4
- Views: 5649
- Wed Mar 30, 2005 9:45 am
- Forum: Canada / United States Tax & Accounting
- Topic: CAD income reporting on 1040
- Replies: 4
- Views: 5649
CAD income reporting on 1040
1. I have a 25% job in Canada, a 75% job in the USA and live in the USA. In reporting my Canadian earned income on 1040 do I deduct the amt paid to CPP and the required contribution to a defined benefits (private) pension plan to arrive at a total to report as earned (foreign) income? 2. Also must I...