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Retirement tax questions
Yes, you can Efile adding the income under 'Other Income' and claiming a Foreign Tax Credit if you paid tax on your Canadian Pension.
If you are not using a 'Substitute 1099-R' (which can't be Efiled), you shouldn't have to describe what type of pension you have. You only need to enter a description/amount.
The income is taxed the same way, whether Pension Income or Other Income.
As you probably guessed, the main difference between a public pension and a private pension is the employer. Public pensions are available from federal, state and local government bodies. Since yours is a Canadian pension, if it was issued by a branch of Canadian government, you may have received a tax break on Canadian tax due.
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‎January 14, 2022
6:26 PM