I earned foreign dividends - did I overpay tax?

Withholding doesn't mean final tax.

Is this you?

  • I received U.S. or foreign dividends
  • Tax was already withheld
  • I didn't claim anything extra

"The tax was already taken care of."

Foreign withholding can often be recovered through a Foreign Tax Credit - but only if claimed correctly.

Why guessing is risky

  • Unclaimed credits are lost refunds
  • Errors surface during CRA matching
  • Credits can't always be recovered later

Safe to ignore if

  • No foreign income existed
  • Credits were already claimed

Stop and check if

  • Foreign tax was withheld
  • No credit appeared on the return

Resolve the doubt

Check my foreign tax credit (2 minutes)

We'll tell you if this needs reporting and what to do next.

"Most people recover credits they didn't know existed."