Jump to content
Français
Search In
  • More options...
Find results that contain...
Find results in...

Foreign Non-business Tax Credit. Where to enter US installments paid during 2021?


Recommended Posts

Where do I enter US tax installments paid for the 2021 tax year?

These amounts are in AADITION to the withholding amounts on tax slips.

They are taxes paid to foreign country but there does not seem to be a spot to enter them.

Unless I enter them somewhere they won't show up as part of Foreign Non-business Tax Credit.

Link to comment
Share on other sites

Installments have nothing to do with tax. They are merely deposits on what you may owe. So don't enter them. What you need to do is look at the tax payable on the US return (not the balance owing). From that deduct the foreign tax withheld on the slips and that is the amount you enter as a foreign tax paid and allocate it to the source of income for which you owe the taxes. For instance if you pay US tax on employment income allocate it to that. If its property/rental allocate it to that. Now one problem will be CRA asking about the US tax assessed. The IRS does not issue notices of assessments so there will be some back and forth with that and you may have to request an assessment from the IRS to satisfy CRA.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

×
×
  • Create New...