To report income from a US 1099-DIV form, add the Other Foreign Income & Foreign Tax Credits section. Choose Interest (not reported elsewhere) as the type of income. You can report your income and tax paid in Canadian dollars, or you can enter the income and tax in a foreign currency and enter the exchange rate in the FX column.
If tax was withheld on the income, Wealthsimple Tax will automatically calculate your foreign tax credit (if applicable).
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