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Retirement tax questions
Truckprincess,
- Go to Federal
- Deductions and credits
- Estimate and other taxes paid (at the bottom-you may have to expand the options)
- Foreign Tax Credit>start or revisit
- Scroll through the program until you get to a screen that says Foreign Tax credit Summary.
- 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. Here you will select add a country and choose Canada.
- Finish out the section regarding reporting the Gross amount of income from the RRSP and then the foreign taxes that you paid to Canada from the RRSP.
- Finish out the section.
‎April 14, 2025
1:06 PM