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awer23456
Returning Member

What value do I put for the foreign tax credit?

I'm trying to figure out what I put for my foreign tax paid. Do I put the income reported on my foreign tax froms like a T4? Do I put the actual tax paid on that income if they over or underreported it? Or do I put the amount of tax I paid at the end of my tax return after I apply all my tax credits and what not?
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3 Replies
DaveF1006
Expert Alumni

What value do I put for the foreign tax credit?

Yes. You would put the actual tax paid as it is reported on the T4.

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awer23456
Returning Member

What value do I put for the foreign tax credit?

So do I not add in any deductions and credits that are applied to it? 

DaveF1006
Expert Alumni

What value do I put for the foreign tax credit?

If your deductions and credits were applied against your gross income in Canada, you would report those deductions and credits applied against that income.

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