DaveF1006
Expert Alumni

Deductions & credits

That is correct, A simple rule to follow if you are making this decision is if your foreign income is of general category ( wages, interest income  etc. ) then you are correct in using the simplified method.  If you have incomes  from many categories , including trusts, complicated investment portfolios  etc. and / or multi category carry over credits, do not choose simplified  method.  

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