US resident, Canadian citizen/non-resident tax questions: interest, TFSA, and dividends - KamilTaylan.blog
19 June 2022 8:32

US resident, Canadian citizen/non-resident tax questions: interest, TFSA, and dividends

How do I report TFSA on US tax return?

TFSAs on a U.S. Income Tax Return

  1. TFSA earnings are generally included on a U.S. income tax return as taxable income;
  2. If you hold mutual funds or other investments considered passive foreign investment companies, you may need to file a Form 8621 in addition to your Form 1040; and.

How do I report dividend income in Canada?

Dividends are usually shown on the following slips:

  1. T5 Slip, Statement of Investment Income.
  2. T4PS Slip, Statement of Employee Profit-Sharing Plan Allocations and Payments.
  3. T3 Slip, Statement of Trust Income Allocations and Designations.
  4. T5013 Slip, Statement of Partnership Income.