Form 8840 and U.S. income
Posted date : May 21, 2024.
Regarding question 28 – “Did you have any income from the U.S?” Do we have to say yes if we have U.S. investments here in Canada with our Canadian financial investment firm with U.S. withholding tax? These amounts are already included in our Canadian tax returns. Would it be a good thing to put this note – “I have some U.S. investments with a Canadian financial investment firm with U.S. withholding tax.”?
Gilles Gagnon
Saguenay, QC
Ed.: Since those investments are with a Canadian financial institution, they are not considered U.S. income.
