I am a canadian citizen and I have 3 US rental properties so although i ALREADY paid income taxes on the revenue in the U.S.

abdel · ‎October 29, 2019

I still have to include the net income on my Canadian side and of course be taxed on the canadian side? Is there a tax treaty US/Canada that I am not taxed twice on my rental income?

JanelleRB · ‎October 29, 2019

You will enter this foreign income, and, also, the actual foreign taxes paid to the US. The foreign taxes paid will create a foreign tax credit.

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns409-485/405-eng.html

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I am a canadian citizen and I have 3 US rental properties so although i ALREADY paid income taxes on the revenue in the U.S.

Investors and rental owners