Serbinski Accounting Firms

Thank you greatly for your help!

Sounds good.

I'm happy to hear that you weren't just brushing it off completely.

And I do apologize if this particular topic has been answered before in this forum. I did spend a fair amount of time searching through this forum, and I never found a thread where this particular question or situation came up before, which is why I felt it was a valid topic question.

Well, it looks like you've decided to stop responding to my question just as I tried to provide an example that MIGHT show a case where the order of filing does matter.

I'm sure it wasn't your intent to do so - but your silence at this time has now left me even more confused than before.

Did you ...

Yeah, you may be right. You undoubtedly have more experience in this area than I do.

Anyway, here's an example of a situation. These are hypothetical made-up numbers, but they give an example that you can hopefully comment upon. For simplicity, let's just assume an even 1:1 exchange rate.

Let's ...

Thanks again for the reply. Just to simplify the response, I'll break your comments into 4 lines.

1 - Interesting point. I didn't realize that Canada always the calculation done BEFORE taking FTC into account, even if a tax amount was available to use AFTER taking FTC into account. Thanks.

2 - I ...

Thanks for the reply Nelsona. It is greatly appreciated.

Your comments make a great deal of sense from a "general advice" point of view. That order of filing would definitely be the most appropriate course of action for most people.

I'm just wondering if there is a treaty or something that ...

My wife and I are both US citizens living in Canada, and between us we have both US and Cdn sourced income. I have both US and Cdn returns completed without FTCs, so I'm at the finishing stages.

I have a question about the order of preparing returns with respect to foreign tax credits. In previous ...