I have almost exactly the same situation on the Canadian Rental income.
Can you please explain a bit more your answers? Thanks!
1) Can I take your answer "So in essence, you need to calculate what your US tax was on your Canadian income and if it was as much as $200" as "So in essence, you need to calculate what the difference was between your US tax and your Canadian income and if it was as much as $200"?
2) "Any unallowed credit can be carried over to future years." -- Unallowed credit means the credit it too big (above the limit) for this year, hence can be allowed for next years?
