CRA Requires Taxpayers to Provide Support for U.S. Foreign Tax Credits

At the 2016 STEP Round Table, the CRA noted that since 2015, taxpayers are required to provide supporting documents for claims of U.S. foreign tax credits. The same requirement has always applied to all countries other than the U.S. The details of the CRA’s comments can be found here: 2016 – 0634941C6.

Prepared by: Ken Jiang

Ken Jiang is an associate at the firm’s Vancouver office. His practice focuses on corporate and personal tax planning, international tax planning and representation of taxpayers in disputes with Canada Revenue Agency. Ken is fluent and proficient in Chinese (Mandarin).… more »

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