Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Oct 30, 2019 5:02:26 PM

Should I have tax due on interest income in Canada which I have already reported and paid tax on in my 2017 US tax return?

0 2 1379
1 Best answer
New Member
Oct 30, 2019 5:02:27 PM

Hello,

If you've already reported and paid interest income in the US, you don't have to do it CANADA. You'd have to have used proper US form in your US report. 

2 Replies
New Member
Oct 30, 2019 5:02:27 PM

Hello,

If you've already reported and paid interest income in the US, you don't have to do it CANADA. You'd have to have used proper US form in your US report. 

New Member
Oct 30, 2019 5:02:29 PM

I also talked to someone at CRA. You don't have to file a return in Canada for income reported on an NR4.