How the Foreign Tax Credit Works for Canadian Corporations? When Canadian companies expand their operations outside of the borders of Canada they are often faced with the problem of paying taxes in several countries. This can result in the possibility of taxation double which is when the same earnings are taxed in both countries and Canada. Fortunately, this is not the case with Foreign Tax Credit is designed to assist Canadian companies manage this tax burden efficiently. https://sunshinearticles.com/how-the-foreign-tax-credit-works-for-canadian-corporations/