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I moved to Canada from US end of 2020. I was receiving long term disability payments from my prior job/ Insurance. Is that considered foreign income? Where does it fall?
That was my only source of income for 2020. I started taking the Real Estate course during this time and am still continuing it now. I started some side gig jobs at the beginning of 2021, but nothing in 2020 as far as that goes.
New to filing tax in Canada.
Yes, I am a Canadian and US citizen and my residence is in Canada.
New to filing tax in Canada.
Yes, I am a Canadian and US citizen and my residence is in Canada.
May 6, 2022
6:06 AM
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Investors and rental owners
If the amount is coming from a US company and being paid in US dollars then it would be foreign income.
You can enter the amount on the Foreign Income slip. To do so in TurboTax Online:
- Select Find (or the magnifying glass icon) from the top right
- In the Find window, type in foreign and then choose “Foreign Income” from the list. Then click “Go”.
- On the “Foreign Income - Summary” page, click “Enter New foreign income for [Your Name]”.
- Input your information, then click “Continue” to save.
May 9, 2022
5:39 PM