This would be reported under the Income tab – Tslips- Foreign Income.
Assuming it’s an IRA, apply it in the appropriate box (before or after 1996) as well as the foreign taxes paid. Which in turn apply a foreign tax credit (because we have a tax treaty with the USA to avoid double taxation) on line 25600 of your tax return.
Footnote: You have indicated that you are using TurboTax Live Review & Assist – please refer to the link provided below to contact our team of experts if needed:
****Did we answer your question? Give us a “thumbs up” and mark the post that provided the best answer by clicking on “Mark as Best Answer”***
Sign In
Canada (English)
EN
