Canadian Income US Resident

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  • spanel
    Senior Member
    • Oct 2008
    • 845

    #1

    Canadian Income US Resident

    Any ideas on how to report/file income earned (T4) in Canada for a US Citizen?


    Thanks

    Chris
  • BP.
    Senior Member
    • Oct 2005
    • 1750

    #2
    Ideas- Pub 54

    Comment

    • Uncle Sam
      Senior Member
      • Jul 2006
      • 1462

      #3
      T-4 alone is insufficient.
      What you need to obtain is a copy of the Canadian tax return that was filed.
      All the data on the return must be converted from Canadian dollars to US dollars using the conversion rate.+
      Then prepare U S return taking credit for taxes paid to Canada
      Uncle Sam, CPA, EA. ARA, NTPI Fellow

      Comment

      • sami
        Member
        • Apr 2017
        • 78

        #4
        My question is does the Canadian business income gets included on 1040 tax return and then we apply the Canadian tax credit on form 1116? This that correct?

        Comment

        • Lion
          Senior Member
          • Jun 2005
          • 4699

          #5
          US citizen reports worldwide income.

          Comment

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