CRA & Revenu Québec

Tax Tip: Are US Pensions Taxed to Canadian Citizens Living in Canada?

Overview

  • If you receive a pension from any foreign country, including the United States, you must include it in your Canadian tax return.
  • Due to the tax treaty between the two countries, you can deduct any U.S. taxes paid on your pension, as well as 15 percent of any U.S. Social Security benefits.
  • If you have been receiving U.S. Social Security benefits continuously since 1995, or if you are receiving death benefits for a spouse, you may be eligible for a 50 percent deduction.

To find out if you qualify, contact the Tax Information Phone Service (TIPS) at 1-800-267-6999.

References & Resources

Key Concepts

  • US pension Canada
  • Foreign pension taxes
  • Canada taxes US