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Deductions & credits
Thanks again for this reply, I really appreciate it!
Your directions are very clear, and I really appreciate the thorough instructions. But I guess I have some concerns going down this road --mainly double taxation.
From what you're advising, it seems like you're directing me to just claim this income as income from a US employer why failed to give me a w-2. My issue is, I've already been taxed by the Canadian government on that income, and I don't need to pay taxes to two countries for one income. There's no indicating that this income came from a foreign country in your suggested process. There is a Canadian Tax ID number for the employer, so it doesn't seem necessary to pretend that there isn't. How would I later get reimbursed for double taxation if I don't enter the Canadian employer's Tax ID #? I would miss out on my tax refund that I'm owed by the CRA.
(Important note: I'm in the process of changing to non-resident citizen status, thus why I haven't filed my Canadian taxes yet --I was advised to do my US taxes first by the CRA).
My understanding of "declaring world income" (and I'm definitely no expert) is that you're just stating that you have income from a different country, and need to be upfront on all your streams so that each country is in the loop. My plan has always been to file my Canadian income on a separate instance of Turbotax.ca (like I did before I moved to the US) and notify them of my US world income, that they are not entitled to. But if I claim this income under the guise of a US employer who failed to give me w-2, forfeiting my Canadian return.