Thanks
A clarification of the Foreign Tax Credit
Since I now have reduced my "TAXABLE".
Can you confirm that I also have to reduce the amount of the tax I am entering for Foreign Credit?
That is instead of having a credit of the amount I paid to Canada - I will enter only the amount of 15% or 25 ...
Search found 3 matches
- Wed Sep 26, 2018 7:45 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US tax for RRSP RIF distribution Taxable and Foreign tax Credit
- Replies: 26
- Views: 21313
- Tue Sep 25, 2018 6:02 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US tax for RRSP RIF distribution Taxable and Foreign tax Credit
- Replies: 26
- Views: 21313
US tax for RRSP RIF distribution Taxable and Foreign tax Credit
Hello - I have a few questions:
I had an RRSP when I moved to USA. I am now taking distribution from my Canadian RRSP- RIF. I have setup a percentage per year so I am NOT taking tout the whole amount. BELOW I am using small numbers for the sake of the question.
For example let's say I had $200. CAD ...
I had an RRSP when I moved to USA. I am now taking distribution from my Canadian RRSP- RIF. I have setup a percentage per year so I am NOT taking tout the whole amount. BELOW I am using small numbers for the sake of the question.
For example let's say I had $200. CAD ...
- Sat Feb 17, 2018 3:30 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Distribution from RRSP RRIF and PFIC and QEF
- Replies: 1
- Views: 1995
Distribution from RRSP RRIF and PFIC and QEF
I lived in USA and I have 3 RRSP which I transferred into RRIF to start withdrawing money from those in 2017.
The 3 banks are each taking 15% of the amount they are giving me. I will enter the amount received plus the tax I paid for credit however USA is giving just a percentage of that credit. MY ...
The 3 banks are each taking 15% of the amount they are giving me. I will enter the amount received plus the tax I paid for credit however USA is giving just a percentage of that credit. MY ...