Taxation of Canadian Source Interest

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.

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pl0910001
Posts: 18
Joined: Fri Jun 21, 2019 6:33 pm

Taxation of Canadian Source Interest

Post by pl0910001 » Mon Jun 15, 2020 12:11 pm

Likely this has been answsered in the past, but searching this forum is not easy. Working and living in USA on TN and not a resident of Canada. Is interest paid by a bank to me in Canada, considered non taxable (no witholding tax) in Canada? This is income i would add to my USA tax return, correct? Thanks

padma_rakshi
Posts: 3
Joined: Fri Jun 12, 2020 2:54 pm

Re: Taxation of Canadian Source Interest

Post by padma_rakshi » Mon Jun 15, 2020 12:21 pm

Yes, that is correct.

pl0910001
Posts: 18
Joined: Fri Jun 21, 2019 6:33 pm

Re: Taxation of Canadian Source Interest

Post by pl0910001 » Mon Jun 15, 2020 12:28 pm

Many thanks for the quick reply.

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