A credit is allowed for foreign income taxes paid or accrued. The credit is limited special part of Ough.S. tax due to foreign source income. It's not at all refundable, but any excess credit can be carried to other years to reduce tax.
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A tax deduction, or "write off" as it's sometimes called, reduces your taxable income by allowing you to subtract facts an expense from your income, before calculating the amount tax you've pay. Within the deductions you need to or the greater the deductions, reduced your taxable income. Also, extra you get rid of your taxable income the less exposure you will have to the higher tax rates in the bigger income wall mounts. As you read earlier, Canada's tax system is progressive therefore the more you earn, the higher the tax rate. Lowering your taxable income cuts down on amount of tax payable.
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The increased foreign earned income exclusion, increased tax bracket income levels, and continuation of Bush era lower tax rates are all good news for all your American expats. Tax rules for expats are very confusing. Get the professional guidance you desire to file your return correctly and minimize your U.S. tax.