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Level 1
September 16, 2025
Question

Line 40500 foreign tax paid

  • September 16, 2025
  • 1 reply
  • 8 views

A review from the CRA ia asking for the documents for line 40500.  According to the slips on the system, and the T2209, the amounts do not equal this amount.  Any idea where the other information might come from?

1 reply

Level 11
September 17, 2025

The amounts on Form T2209 are calculated using your net income and the information from the Foreign Tax Credit (FTC) form. On the FTC form, you can find the source of the data for certain boxes by right-clicking on the ones with a pointing arrow.