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Bloorwest
Returning Member

Foreign Withholding Tax

Hello,

TurboTax allows the user to specify 'Income from Foreign Sources', but I cannot figure out how to actually enter the amount of foreign tax withheld.  It's important because my understanding is that the CRA will allow an up to 15% credit for tax paid to a foreign government.  Please advise.  It appears that only withholding tax that's been reported on a T3 or T5 slip is included in the calculation for line 40500.

Thanks.

2 Replies

Foreign Withholding Tax

You enter the foreign income first.  Then search for foreign tax and jump to foreign tax credit.  

 

Answer the questions about foreign taxes paid or carried over.  

Bloorwest
Returning Member

Foreign Withholding Tax

Got it!  Thanks I'll give it a shot.