Paying Canadian tax while working in the US
QUESTION:
What taxes can you enter as a Foreign Tax Payment?
Are all taxes allowed, like Federal, state, property tax, sales taxes, Licenses, etcetera.
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david ingram replies:
You can only put:
* US Federal Income Taxes
* FICA (SOCIAL SECURITY TAXES)
* MEDICARE
* STATE INCOME TAXES
on line 431 of the Canadian return to claim as a foreign tax credit.
Sales tax, property tax, licences, etc., do NOT qualify for the foreign tax credit although they may be deductible as part of a business schedule or rental schedule or employment expense schedule.
What taxes can you enter as a Foreign Tax Payment?
Are all taxes allowed, like Federal, state, property tax, sales taxes, Licenses, etcetera.
-----------------------------------------------------------
david ingram replies:
You can only put:
* US Federal Income Taxes
* FICA (SOCIAL SECURITY TAXES)
* MEDICARE
* STATE INCOME TAXES
on line 431 of the Canadian return to claim as a foreign tax credit.
Sales tax, property tax, licences, etc., do NOT qualify for the foreign tax credit although they may be deductible as part of a business schedule or rental schedule or employment expense schedule.
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