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May 11, 2024
Question

I am a Canadian citizen living in Ontario and working in the USA. What is the best way to file my taxes from the USA and Canadian income? I am supposed to receive T4 and

  • May 11, 2024
  • 1 reply
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    1 reply

    Community Manager
    May 13, 2024

    As a Canadian citizen, you are required to pay tax on your income from all sources worldwide, regardless of its origin. Therefore, you must report all domestic and foreign income on your tax return. However, under the Canada/US tax treaty, you will receive a foreign tax credit, which means that you won't be taxed twice.

     

    Thank you for choosing TurboTax.

    owkhalagAuthor
    May 13, 2024

    Thanks for the reply. Is there a tax credit form in turbotax ? How can I add it ? 

    Community Manager
    May 13, 2024

    Go to the top right and click on "FInd" type in foreign tax credit and click on Go.