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Returning Member
posted Oct 27, 2024 10:00:42 AM

U.S. Canada tax treaty - Tax on Interest

Article XI says that "Interest arising in a Contracting State and beneficially owned by a
resident of the other Contracting State may be taxed only in that other State. "

So, for a U.S. citizen living in Canada, is interest earned in the U.S. taxed only in Canada?

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1 Replies
Moderator
Oct 28, 2024 7:04:36 AM

I would recommend posting your question on the US TurboTax site, as they are better able to help with questions about US taxes. You can visit the here: https://ttlc.intuit.com/community/home/misc/03/en-us