Taxation in US on Canadian retirement income

[ziggy1465]

My wife is a Canadian green card holder living in Canada.  She recieves a Canadian Pension Plan (CPP) and Canadian Old Age Security (OAS) in addition to US SS and a US pension.  Does her Canadian retirement income qualify for the Foreign Earned Income Exclusion on our US taxes?  

[Bsch4477]

Duplicate 

[AR_CPA2 · Accepted solution]

Hello ziggy1465,

The Earned Income Exclusion only applies to Earned Income.  Retirement Income is not considered as Earned Income.

You will convert your Canadian Retirement Income to U.S. Dollars when you report it on your U.S. Tax Return.  If you paid any tax to Canada on this income, you may get some Foreign Tax Credit.

Thanks for participating in TurboTax's Ask the Expert event today. I hope this information was helpful!

Have an amazing day.

AR (CPA 10+ years)