John Barth has $20,000 of foreign source business income, from which the government in the foreign jurisdiction has withheld $2,000. Briefly describe the treatment of the withholding amount in determining John Barth's Canadian Tax Payable.

Question

Quizplus · Accepted Answer

The Answer of John Barth has $20,000 of foreign source business income, from which the government in the foreign jurisdiction has withheld $2,000. Briefly describe the treatment of the withholding amount in determining John Barth's Canadian Tax Payable.

John Barth Has $20,000 of Foreign Source Business Income, from Which