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枫下茶话 / 美国话题 / 问个有点难度的问题:在美国的 SOC SEC withhold,在加拿大报税时是否deductible?
-baffin(苦瓜);
2006-4-17
(#2909794@0)
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算FOREIGN TAX CREDIT
-letshavefun(假如);
2006-4-17
(#2910601@0)
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不是DEDUCTABLE
-letshavefun(假如);
2006-4-17
(#2910602@0)
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But isn't the FOREIGN TAX CREDIT deducted from the Canadian tax?
-gastank(youxiang);
2006-4-17
(#2910605@0)
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CREIDT is NOT deductible. Total income - deductible = taxable income, and to get tax based on taxable income. Tax - credit = tax due
-letshavefun(假如);
2006-4-17
(#2910663@0)
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Thanks for your explanation. I find following words in the Tax Guide, what does that mean?"Beginning in 2004, mandatory foreign social security contributions, other than U.S. FICA payments, will no longer be accepted as non-business income taxes for foreign tax credit purposes."
Does U.S. FICA payments include social security withholding?
-baffin(苦瓜);
2006-4-18
{255}
(#2913658@0)