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Retirement tax questions
Hello,
I think that I have found the issue. This is the first year, my foreign tax credit is more than 300, so I need to choose "Simplified Foreign Tax Limitation" . Once I choose this, I can't submit my tax online. I don't need to pay any ATM, do I still have to select the Simplified Foreign Tax Limitation for the first time or I can just choose the Non-Simplified AMT and wait until I need to pay ATM ( unlikely)?
I will receive the Canadian Pension income every year from now and on, so please advise.
If I have to choose the Simplified foreign tax limitation due to I will be receiving the Canadian Pension income every year going forward, then I will just print out and filing by mail. Thanks.
‎April 25, 2021
8:13 PM