Do I pay US tax on interest earned from the US?

Question

Hello Phil,

I have what I hope is a simple question. If a Canadian resident earns

interest income on money invested in the US, does the Canadian

resident then have to file US income tax? If so, is an ITIN number

needed by the Canadian resident?

Thanks

XXXXXX

Answer

Hi XXXX

Under the US-Canada tax treaty you are not required to pay US tax on interest earned from the US. No ITIN (Individual Taxpayer Identification Number) is required.

Hope that helps.

Regards

Phil

Newsglobal, CA

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