We had a vacation in Canada and paid a large amount of foreign taxes on hotel and misc other items. Is this deductable on federal taxes? If so where in the forms? Thanks
>
>
>
>
>
>
>
>
>
Canada Taxes Paid Deductable?
Mar 30, 2007
8 Replies
None of the above are deductible taxes.
Frederick Lorca
Only income taxes are subject to deduction or credit on your
1040 income tax return. However you may be able to get a refund of some of the taxes you paid on your visit. See the official information at
formatting link
Note that there are also a lot of vendors who will process you refund application for a hefty fee.
-- Don EA in Upstate NY
No.
Just like hotel taxes in the USA aren't deductible.
Canada announced the elimination of the GST/HST Visitor Rebate Program effective for purchases made after March 31,
2007.
formatting link
Cheap prescription drugs are still available though.
Frederick Lorca
Moderator: But are the drugs cheaper than the co-pay on a prescription drug plan?
US citizens are entitled to a refund of the General Sales Tax (GST) on certain purchases made within Canada. Hotel bills, souvenirs. etc, but not meals or fuel. You can get an application when you cross back over the border, or from the Canadian government. Receipts are required. There is no US tax refund.
snipping>
No - but if you in the Part D gap and don't expect to get out or you don't have Rx coverage then it is a good option. Just make sure that the Pharmacy that you use is really a Canadian one
This info is exactly what I was looking for. GST Refunds are still in effect for prior purchases made before April
1st, 2007 so I was able to send in the refund to Canada. Thanks for the info!Rick
This info is exactly what I was looking for. GST Refunds are still in effect for prior purchases made before April
1st, 2007 so I was able to send in the refund to Canada. Thanks for the info!Rick
Join the Discussion
Have something to add? Share your thoughts — no account required.
Didn't find your answer?
Ask the community — no account required