- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
I agree with twm50 but like to add one additional detail. If the deposit is made into a Canadian account, you will need to convert the amount to US dollars to report on your US return. If Canada has a website like the US Social Security system has, you should be able to download a statement similar to a 1099 SSA or in your case, a CPP.
If you receive this information from a download, you will need to convert to US dollars when reporting this in a US tax return. Here is a currency converter if you need it. In this converter, you can determine an average currency exchange rate for the entire year.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
February 11, 2025
11:27 AM