Carry Forward of Canadian Non-business Foreign Tax Credits

[WiseGuy]

Hello!

On Form T2209 - Federal Foreign Tax Credits it appears that you can carryforward or carryback unused foreign "Business Income" tax credits, but is it also possible to carryforward/back unused "Non-business" foreign tax credits?

The only carryforward/back provision I see is in the "Foreign Business Income" section of T2209 where is states to enter: "Business income tax paid to a foreign country plus any unused foreign tax credits for that country for the seven tax years before and the three tax years immediately after this year".

If your Foreign Business Income was nil can you still use this section to carry forward/back the unused portion of the "Non-business" foreign tax credit or is there another way?

Thanks.

[nelsona]

is it also possible to carryforward/back unused "Non-business" foreign tax credits?

No. For personal income, the foreign credit is curent year only.