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.
I had informed my Canadian bank of my US address. I expected bank to withhold 25% tax on interest income. However bank sent me interest statement without withholding tax.
I file only rental property income tax return to CRA. I do not think, you can report any other income on it. How do I pay tax on small interest income to CRA?
Of course, I will be reporting the interest on US tax return.
Canada does not tax Cdn bank interst for US residents. It used to be 10% but is now zero.
Report only in US.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best