Hello, Do CPP & EI cdn taxes qualify as foreign tax credits in the US?
I know Social Security paid in the US qualities as a tax in Canada so assume CPP should qualify going the other way?
US Foreign Tax Credit
Moderator: Mark T Serbinski CA CPA
Re: US Foreign Tax Credit
also do you deduct your anticipated refund from the taxes paid?
Re: US Foreign Tax Credit
CPP and EI both are eligible. You use the taxes as determined on your Cdn return regardless of what was withheld or not during the year. This is the accrual method.
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