Certain "Tax Experts" from the USA think Canada Pension Plans are all CPP - like Social Security in the USA.
CPP is treated exactly like USA Social Security in Turbo Tax. If you collect both, you can convert the CAD amount to USD and on a supporting detail worksheet show each one individually on the downloaded version and it will add them together. The online-version you may have to add them together yourself.
Other Canada pension plans are confused by some of the Turbotax "experts" because they do not understand the differences of the term Canada Pension Plans.
Registered Pension plans RRIF = Registered Retirement Income Fund and RRSP=Registered Retirement Savings Plan. This are similar to what we call an IRA in the USA. These are entered in worksheets in USA Turbotax. There is a special check box for those plans on the worksheet with the names of those plans spelled out on the Turbotax work sheet. These are taxed in Canada on an NR4, with Canada tax withheld if you are a USA or Canada tax resident.
Foreign tax is not shown on the worksheets for RRIF or RRSP worksheets. It would be "nice" if they could place a spot for the foreign tax on the worksheet and have it ripple through to the correct place on form 1116.
A third type of Pension Plan is one from a individual employer which also has tax in Canada on an NR-4 goes on a 1099-R - These also do not show up with a foreign tax on the worksheet. It would be "nice" if Turbotax could place a spot for foreign tax withheld here also.
Even better - Just allow the Canada forms to be imported "AS IS" T4, T5, NR4 and do the magic conversion to the correct USA forms, which probably already exist on the Turbotax Canada software. Then all that is needed is a Currency rate converter form input by people (or potentially linked to a sample one provided by Turbo tax Software wizards. And people would "Flock" to turbo tax to purchase the product since the mapping would be already set up, between the USA and Canada forms. It would a value add save thousands of phone calls, and make it easier for everybody!
So much for my wish list.
