Interesting. If I avoid entering my CPP income as if it were a Canadian Registered Pension Income, and treat it as if it were Social Security Income, I do get better tax treatment.
However, I fear a future problem would occur when I activate my U.S. Social Security. I do not see an opportunity to declare a second revenue stream. There is only one Box 5 field for net benefits. This would mean that I would have to sum up two quantities from two different sources (CPP and SS).
So, would adding both sources be acceptable to the IRS?
Roy...
