US Foreign Tax Credit

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akumar
Posts: 13
Joined: Sat Sep 14, 2013 8:24 pm

US Foreign Tax Credit

Post by akumar » Fri Sep 13, 2019 1:15 pm

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?

akumar
Posts: 13
Joined: Sat Sep 14, 2013 8:24 pm

Re: US Foreign Tax Credit

Post by akumar » Fri Sep 13, 2019 1:25 pm

also do you deduct your anticipated refund from the taxes paid?

nelsona
Posts: 15980
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Re: US Foreign Tax Credit

Post by nelsona » Sat Sep 14, 2019 4:55 pm

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.
Nelsona Non grata. Non pro. Search previous posts. Happy Browsing :D

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