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Retirement tax questions
You add the US$ amount from your deposits into your US bank acct to your SS - not regular income, not other income. No need to make any notes about the source. The reason is the retirement income, SS + CPP + OAS, is treated to special consideration where only a percentage is taxable. So if you enter it as regular income, you’ll miss out on the percentage that is excluded from being taxable.
February 16, 2025
6:55 PM
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