This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.
Just an update from me. I refiled my US and Canadian taxes for the years in question, changing the reporting method to accrual on my US return. Now I pay the taxes on the interest in Canada each year and claim it as a foreign tax credit on my US return.