1. May I deduct 2014 US tax from 2014 Canadian tax? 2. I have a unused foreign tax credit of $322 from 2103, Why does not TurboTax deduct it from my 2014 tax?

[TurboTaxClint · Accepted solution]

You can enter in your world income and tax deducted, and the software will calculate any tax implications accordingly. However, a foreign tax credit from your US tax return will not reduce your tax payable in the Canadian tax return.