Investors and rental owners

Please review the link below to assist you in entering amounts for line 104

• From TurboTax - How do I report foreign income, foreign pension, and other foreign amounts? https://turbotax.community.intuit.ca/replies/2647976

Line 256 has varying options for these amounts – see here https://bit.ly/2HHI6QX  from the CRA for more information

• Apply for the FTC -in your "Find" icon at the top of the page, type in "Foreign Tax Credit" which will open the form needed to apply for this credit, if applicable.

You can claim a foreign tax credit for the taxes that you paid in the foreign country. The foreign tax credit will be the lesser of two amounts:

• The income tax you paid on the foreign country

• The Canadian tax payable on the foreign source of income.

TP1 line 296 & 297 come from various areas on your tax return, please see here https://bit.ly/2FAG02W from Revenue Quebec,