I do have someone but you still have to put in your RRSP to offset it with higher exchange.
the foreign tax does help... but USA taxes less than canada with the exchange.. either way usually i have only paid the $750.. but this year is the first year that the USD has been significantly higher...
good thing is i have 2 write offs for dependants.
Yeah, I really like the dependent write off in the US, it really helps.
I also like how you can usually get a US refund and state refund that when converted can usually offset any Canadian tax payable. The RRSP works also.
01-21-2016, 10:00 AM
BAB CObra
Quote:
Originally Posted by Mellow Yellow
Yeah, I really like the dependent write off in the US, it really helps.
I also like how you can usually get a US refund and state refund that when converted can usually offset any Canadian tax payable. The RRSP works also.
Well i figure RRSP is for myself and can hopefully only grow.. its better than paying WYNNE with a tax payment.