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Retirement tax questions
Go back to and visit your foreign tax credit.
- Go to Federal
- Deductions and credits
- Estimate and other taxes paid
- Foreign Tax Credit>start or revisit
- Scroll through the program until you get to a screen that says Foreign Tax credit Summary. See screenshot 1.
- Here you will select add a foreign tax.
- Next screen will ask you to pick an income type. Pick passive income.
- Next screen will ask if you wish to pick another income type, say you will want to keep it on the same copy as the dividend copy.
- Next question will ask you to pick a country under Country Summary. See screenshot 2. Here you will select add a country and choose Canada if it is different from the country your dividends were issued from.
- Finish out the section regarding reporting the Gross amount of income from the pension and then the foreign taxes that you paid to Canada from the pension.
- Finish out the section.
Here are the two screens that you need to be especially mindful of when you are completing this section that i mentioned above.
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March 25, 2024
6:51 AM
1,395 Views