Please advise how to claim credit for Taxes paid abroad on sale of "Personal Use Property" abroad and report Capital Gains.

 

Investors and rental owners

You can report your total Capital Gain and foreign tax under the "Income" tab > "T-slips" "Foreign Income" (bottom of the list) in Canadian currency. When entry the "Capital Gain" note that the software will report only 50% of the amount you enter in the "Foreign Capital Gains or Losses" input box. Then provide the amount of tax withheld and the country this transaction occurred in.

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