Canadians have reporting requirements for foreign assets, income and tax paid. Here’s how to claim each of these on your tax return. Residents of Canada are taxable on their worldwide income. So ...

For many clients, their sole experience with claiming the foreign tax credit likely occurs if they earn foreign interest or dividends in Canadian non-registered investment accounts. For example, if a ...

FIRST LOOK: A bipartisan crew of House members is urging the Treasury Department to give businesses a further break on new Foreign Tax Credit regulations. Treasury announced back in July that they ...

However, it may depend on the tax treaty between Canada and the foreign country, ... As a result, you may have to report both ...