Hi, I'm a Canadian Permanent Resident and working in Hong Kong. My wife and my son are PR too and they're living in Winnipeg. Does Turbo Tax cover for foreign income tax?

[wallacema126]

1. Does Turbo Tax handle to to fill in foreign country income?

2. Hong Kong tax year from from 1 Apr to next year 31 March. How does Turbo Tax handle it?

3. I will need to pay Hong Kong tax. I heard that I just need to pay the different of Canadian and HK tax. How does Turbo Tax help to overcome it?

4. Does TurboTax standard or Premium help?

[TonyC11]

Turbotax for CRA has nothing to do with completing any HK tax return. You must source a product that does support HK tax preparation. Your questions

1. In the context of preparing a Canada tax return, yes. Report any foreign income in CAD.

2. As above noted it is not relevant. You are preparing a CRA tax return.

3. When reporting to CRA, include all world income, regardless of whether some or all of it is reported elsewhere. Check the Canada -HK tax treaty or seek professional help.

4. Doesn’t matter.