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- Thu Nov 22, 2012 3:46 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Taxation on US Life Insurance Payout for Canadian Spouse
- Replies: 2
- Views: 2152
Taxation on US Life Insurance Payout for Canadian Spouse
My husband had a life insurance policy through a US company because he worked for a US company, we never lived or worked in the USA. It took a few years to get the payout but it's finally here. How much will I be taxed by the IRS and Canadian Governments? I also got paid a bit of interest since the ...