Investors and rental owners

Hello,

I wont be able to confirm if you are able to claim a credit for this foreign income tax paid for the corporation due to not having sufficient information and not being fiscal experts.  That being said any income tax paid should be reflected on the Schedule 125 income statement and should be converted and reflected in Canadian dollars, my recommendation would be to contact the CRA tax tip line asking if there is any specific credit you are able to apply for in your situation.  the CRA number is 1-800-267-6999.