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New Member
posted May 11, 2024 5:17:47 AM

I am a Canadian citizen living in Ontario and working in the USA. What is the best way to file my taxes from the USA and Canadian income? I am supposed to receive T4 and

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3 Replies
Moderator
May 13, 2024 7:45:08 AM

As a Canadian citizen, you are required to pay tax on your income from all sources worldwide, regardless of its origin. Therefore, you must report all domestic and foreign income on your tax return. However, under the Canada/US tax treaty, you will receive a foreign tax credit, which means that you won't be taxed twice.

 

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New Member
May 13, 2024 7:49:34 AM

Thanks for the reply. Is there a tax credit form in turbotax ? How can I add it ? 

Moderator
May 13, 2024 7:58:58 AM

Go to the top right and click on "FInd" type in foreign tax credit and click on Go.