A tax credit for income taxes paid to a foreign government. When Canadians earn rental income from US properties, the foreign tax credit prevents double taxation by offsetting Canadian tax by the amou
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A tax credit for income taxes paid to a foreign government. When Canadians earn rental income from US properties, the foreign tax credit prevents double taxation by offsetting Canadian tax by the amount already paid abroad.
← Mortgage & Real Estate Glossary 2026 · Editorial standards
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