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.
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?
01665
1 Best answer
JanelleRB
Level 6
Oct 29, 2019 9:25:18 PM
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.