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Who can help with "foreign income" and "foreign tax credit" questions?
I had first filled in the "foreign tax credit" form, then saw a warning sign that I also needed to fill in the "foreign income" form, so I did. After I did that, when before I didn't owe any taxes to Canada, all of a sudden I do now own, despite the fact, that this foreign income is taxed outside Canada already. So am I getting double-taxed? As there is no deduction to be seen under "foreign tax credit".
Thursday