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Retirement tax questions
You can enter the RRSP income as follows:
- Click on Federal Taxes at the top of your screen
- Click on Wages & Income
- Scroll down to Retirement Plans and Social Security
- Click on Start next to Canadian Registered Pension Income
Don't forget to translate the income to USD.
To report the Canadian tax paid on your pension:
- Enter foreign tax credit in the search box at the top of the page and click the Jump to link
- Click 'Yes" you paid foreign taxes
- Click through the screens regarding foreign interest and dividends
- Click yes that you have reported all your foreign income already in TurboTax
- Click that you want to take a credit
- Answer question about the Simplified Limitation Election
- Choose income type for pension - it will be General category income
- Add Canada
- Enter description - Canadian RRSP or pension
- Enter Income amount that you previously reported under Canadian RRSP income
- Enter your taxes you paid on your Canadian pension in the box "Other income"
[Edited 03.27.19 | 3:29 pm]
‎June 3, 2019
11:23 AM