Roy Vanderlinden
Returning Member

Entering Canada Pension Plan (CPP) -- Taxable Part of Distribution

I have a follow-up question to the reply to "Where to Report Canada Pension Plan...".

 

When I get to distributions, the form first asks Total Distribution.  I assume this is the payout (NR4 Box 16 - Gross Income).

 

The form then asks Taxable Part of Distribution.  If there was no tax withheld by the Canada Revenue Agency, then the value would be the same as Gross Income, correct?  (If taxes were withheld -- NR4 Box 17 is not blank -- then the difference would be the Taxable Part of Distribution?)

 

In my case NR4 Box 17 is indeed blank, so I suspect the response is the same as Gross Income.  There would not be any special taxation treatment for this Income as is for U.S. Social Security (i.e. 85% taxable over a certain value).

 

Roy...