How Opt Your Canadian Tax Program: Difference between revisions
AndyRiver2 (talk | contribs) Created page with "<br>A credit is allowed for foreign income taxes paid or accrued. The credit is limited compared to that part of U.S. tax due to foreign source income. It's not at all refundable, but any excess credit could be carried to other years to reduce tax. A personal exemption reduces your taxable income so you wind up paying lower taxes. You might be even luckier if the exemption brings you to a lower income tax bracket. For the year 2010 it is $3650 per person, just like last..." |
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Latest revision as of 13:07, 18 October 2026
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