Thanks Nelson.
Therefore, the taxpayer would include the entire amount on their Canadian return and no foreign tax credit correct? Thanks.
Search found 2 matches
- Wed Apr 13, 2005 7:30 am
- Forum: Canada / United States Tax & Accounting
- Topic: US Interest Income
- Replies: 2
- Views: 5734
- Tue Apr 12, 2005 6:48 am
- Forum: Canada / United States Tax & Accounting
- Topic: US Interest Income
- Replies: 2
- Views: 5734
US Interest Income
What should a person do if she has a U.S. sourced income; having to file a U.S. non-resident tax return; and regarding to Canadian tax application; should her related Canadian Tax Return in the same year be applied by Foreign Tax Credit, or under the Canada-U.S. Tax Treaty there is a different tax ...