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Canada Revenue Agency |
Agence du revenu du Canada |
Federal Foreign Tax Credits | ||||||||||||||||||
| Use this form to calculate the amount you can deduct from your federal tax for 2023. If this claim is for a year before 2023, go to canada.ca/cra-forms to get a previous version of this form. |
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| You can claim this credit if you were resident in Canada at any time in the tax year and you had to include, on your Canadian return, income sourced from a country other than Canada for which you paid non-business or business taxes to that foreign country. |
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| Send only one Form T2209 per tax year. If your total foreign taxes paid to all foreign countries was more than $200, calculate the total foreign taxes paid for each foreign country on a separate sheet and enter the total on this form. |
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| For more information, see Income Tax Folio S5-F2-C1, Foreign Tax Credit. | |||||||||||||||||||||
| Country or countries for which you are making this claim: | |||||||||||||||||||||
Federal non-business foreign tax credit |
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| Non-business income tax paid to a foreign country (1) | 43100 | • 1 | |||||||||||||||||||
| Net foreign | |||||||||||||||||||||
| non-business income(2) | 43300 | Basic federal tax(4) | = | 2 | |||||||||||||||||
| Net income(3) | X | ||||||||||||||||||||
| Enter whichever amount is less: | |||||||||||||||||||||
| line 1 or line 2. | Federal non-business foreign tax credit | 3 | |||||||||||||||||||
Federal business foreign tax credit |
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| Business income tax paid to a foreign country (5) for the year, plus any unused foreign tax credits | |||||||||||||||||||||
| for that country for the 10 years (6) before, and the 3 years after this year | 43400 | • 4 | |||||||||||||||||||
| Net foreign | |||||||||||||||||||||
| business income (7) | 43900 | Basic federal tax(8) | = | 5 | |||||||||||||||||
| Net income (3) | X | ||||||||||||||||||||
| Federal surtax on income you earned outside Canada: amount from line 10 of Part 2 of Form T2203, Provincial and Territorial Taxes for Multiple Jurisdictions, or 48% of the amount from line 42900 of your return. Enter the amount that applies to the country or countries you identified at |
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| the top of this page. | + | 6 | |||||||||||||||||||
| Add lines 5 and 6. | = | 7 | |||||||||||||||||||
| Add basic federal tax (8) and the amount from line 6 | 8 | ||||||||||||||||||||
| Enter the amount from line 3, if any | – | 9 | |||||||||||||||||||
| Line 8 minus line 9 | = | ► | 10 | ||||||||||||||||||
| Enter whichever amount is less: | |||||||||||||||||||||
| line 4, 7 or 10. | Federal business foreign tax credit | 11 | |||||||||||||||||||
Please edit the business foreign income from multiple countries: |
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Federal foreign tax credit |
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| Add lines 3 and 11. | Federal foreign tax credit | 12 | |||||||||||||||||||
| The amount on line 12 should not be more than the amount on line 42900 of your return. | |||||||||||||||||||||
| Enter the amount from line 12 on line 40500 of your return. | |||||||||||||||||||||
| (1) | Non-business income tax paid to a foreign country | ||||||||||||||||||||
| (2) | Net foreign non-business income | ||||||||||||||||||||
| (3) | Net income | ||||||||||||||||||||
| (4) | Basic federal tax | ||||||||||||||||||||
| (5) | Business income tax paid to a foreign country | ||||||||||||||||||||
| (6) | Unused business foreign tax credits | ||||||||||||||||||||
| (7) | Net foreign business income | ||||||||||||||||||||
| (8) | Basic federal tax | ||||||||||||||||||||
| For detailed information, please read the description on T2209 | |||||||||||||||||||||
| T2209 E (23) | (Vous pouvez obtenir ce formulaire en français à www.arc.gc.ca/formulaires ou en composant le 1-800-959-7383.) | ||||||||||||||||||||