sammac1
New Member

Investors and rental owners

Thank you - this further backs up the issue I first raised. The page you linked states under Article 7: "The profits of an enterprise of a Contracting State shall be taxable only in that State unless the enterprise carries on business in the other Contracting State". That would mean that since I operated my business solely in the UK and did not carry out any business in Canada, the income from my British business should not be taxed in Canada (since it was already taxed in the UK). Why then is TurboTax calculating that I own over $4000 in tax on my British income? I declared by British income as foreign income, and declared the $12000+ in tax that I paid. I am not sure how to fix this so that it works out correctly in the TurboTax system. I would request a call, but Turbotax does not let me input a foreign phone number as a contact. Not sure how to proceed so that the system calculated my owed tax correctly. Any help would really be appreciated.