Provincial and territorial foreign tax credits
“Canada Revenue Agency (CRA)”
The funder does not disclose this information
Maximum Eligible Amount
Tax Credit
Fund Type
Every province and territory allows a corporation to claim a foreign tax credit for taxes it paid to another country on foreign non-business income. This credit reduces the provincial tax otherwise payable; however, you cannot claim foreign tax credits for the provinces of Quebec and Alberta on the federal return, because these provinces collect their own income taxes.
- This credit reduces the provincial tax otherwise payable; however, you cannot claim foreign tax credits for the provinces of Quebec and Alberta on the federal return, because these provinces collect their own income taxes.
Log in with Google