Canadian resident and US citizen receiving interest income from US traded corporate securities pays income tax in which country (claiming the tax credit in the other)?

I understand the DTA says the interest is paid in the country of the source state but then speaking with a tax professional they said that for tradeable securities e.g. publicly traded corporate bonds you pay in the country in which you are resident e.g. Canada and then claim the credit in the US. Pls confirm and what is the source. Thanks. 


Hello Daniel,  If you reference the Convention between Canada and the USA ( 5th Protocol)  Article XI,  the taxes on interest earned is paid in the Country of residence.  ( See attached)    

 Hope this helps.

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