Hello,
I am a Canadian resident working full time and commuting to a US State. On my W2 (reported in box 14), there is a deduction for state disability, unemployment, and family leave payments (these are NJ state deductions). Should these be included when I calculate my foreign tax credit on my Canadian tax return? My understanding is that FICA taxes, as well as federal, state, city income taxes, are eligible. What about state EI, DIS, FL taxes?
Foreign Tax Credit - State EI, Dis taxes
Moderator: Mark T Serbinski CA CPA
Re: Foreign Tax Credit - State EI, Dis taxes
Yes, those taxes may be included against the Cdn tax on your US wages.
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