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
- TFSA earnings are generally included on a U.S. income tax return as taxable income;
- 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:
- T5 Slip, Statement of Investment Income.
- T4PS Slip, Statement of Employee Profit-Sharing Plan Allocations and Payments.
- T3 Slip, Statement of Trust Income Allocations and Designations.
- T5013 Slip, Statement of Partnership Income.