Can you confirm something for me ... is it true..
You cannot get credit (FTC) for taxes paid on USA bank interest income. I would have to apply for the credit on the USA side.
We've found no information that says you "cannot" claim the FTC on Interest Income. (The only thing we did come across is Foreign dividends do not qualify for the dividend tax credit).
This link from CRA explains it quite well.
https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-re...
