Search found 6 matches

by Jjon
Thu Apr 23, 2015 5:15 pm
Forum: Canada / United States Tax & Accounting
Topic: Non-Resident Unused Tuition Carryforward
Replies: 14
Views: 8650

if you are a non-resident of Canada and your income is Canadian employment income (for example a cross border commuter from the US) then you file the provincial tax package but you need to complete schedules A and B to see if you are over the 90% threshold and thus eligible for the non refundable ta...
by Jjon
Mon Apr 20, 2015 10:59 pm
Forum: Canada / United States Tax & Accounting
Topic: Foreign Tax Credit on 1040
Replies: 48
Views: 31648

How much for the enron shares? :) OK, so I think you have your answer......... the conservative route would be to NOT use CPP as a credit. So don't use it since you are not satisfied that it can actually be used for credit. Fair enough. Others are comfortable using it. Fair enough also. You may find...
by Jjon
Mon Apr 20, 2015 10:46 pm
Forum: Canada / United States Tax & Accounting
Topic: Foreign Tax Credit on 1040
Replies: 48
Views: 31648

I doubt you will get much more of a reply from Nelsona at this point I would guess "Article II Taxes Covered 1. This Convention shall apply to taxes on income and on capital imposed on behalf of each Contracting State, irrespective of the manner in which they are levied. 2. Notwithstanding para...
by Jjon
Mon Apr 20, 2015 10:19 pm
Forum: Canada / United States Tax & Accounting
Topic: Foreign Tax Credit on 1040
Replies: 48
Views: 31648

I know of someone who has an ongoing cross order situation and they always use cpp as a foreign tax credit on 1116 So do what you think is best....... Also, want to see really messed up us tax returns............let a CPA who has no knowledge of cross border stuff do it..........they can really scre...
by Jjon
Mon Apr 20, 2015 10:14 pm
Forum: Canada / United States Tax & Accounting
Topic: Foreign Tax Credit on 1040
Replies: 48
Views: 31648

dude, then don't use cpp as a foreign tax credit........it is your return, you make the call.......although your CPA won't let you use it anyway.........
by Jjon
Mon Apr 20, 2015 10:05 pm
Forum: Canada / United States Tax & Accounting
Topic: Is CPP deductible as a foreign tax credit on Form 1116?
Replies: 14
Views: 13867

Technical explanation article 2