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Where do enter income from Service Canada Canada pension plan

 
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Level 2

Where do enter income from Service Canada Canada pension plan

The benefit from the Canada Pension Plan is reported under TurboTax Social Security Section.  Here are the steps:

 

In TurboTax online,

1.  After sign in, select Pick up where you left off

2.  In the Search box, at the right upper corner, type in SSA-1099, then Enter 

3.  Select the 1st choice on the list - Jump to SSA-1099 /

4.  The program will take you directly to screen, Social Security Benefit-Did you receive any Social Security benefits?  select Yes to continue

 

This is from the IRS website:

The taxation of payments received from Canadian retirement programs that are similar to the U.S. Social Security system receives special tax treatment due to an income tax treaty between the United States and Canadian governments. The way this income is taxed depends on the recipient’s residence.

The special tax treatment applies to payments received from the following Canadian retirement programs: Canada Pension Plan (CPP), Quebec Pension Plan (QPP), and Old Age Security (OAS)

If the recipient is a resident of the United States, the benefits:

  • are taxable only in the United States,
  • are treated as U.S. social security benefits for U.S. tax purposes, and
  • are reported on Form 1040, U.S. Individual Income Tax Return (or Form 1040A) on the line on which U.S. social security benefits would be reported.

If the recipient is a U.S. citizen or lawful permanent resident (green card holder) who is a resident of Canada, the benefits are taxable only in Canada.

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New Member

Where do enter income from Service Canada Canada pension plan

Go to SS
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New Member

Where do enter income from Service Canada Canada pension plan

Turbo Tax Social Security Section
Highlighted
Level 2

Where do enter income from Service Canada Canada pension plan

The benefit from the Canada Pension Plan is reported under TurboTax Social Security Section.  Here are the steps:

 

In TurboTax online,

1.  After sign in, select Pick up where you left off

2.  In the Search box, at the right upper corner, type in SSA-1099, then Enter 

3.  Select the 1st choice on the list - Jump to SSA-1099 /

4.  The program will take you directly to screen, Social Security Benefit-Did you receive any Social Security benefits?  select Yes to continue

 

This is from the IRS website:

The taxation of payments received from Canadian retirement programs that are similar to the U.S. Social Security system receives special tax treatment due to an income tax treaty between the United States and Canadian governments. The way this income is taxed depends on the recipient’s residence.

The special tax treatment applies to payments received from the following Canadian retirement programs: Canada Pension Plan (CPP), Quebec Pension Plan (QPP), and Old Age Security (OAS)

If the recipient is a resident of the United States, the benefits:

  • are taxable only in the United States,
  • are treated as U.S. social security benefits for U.S. tax purposes, and
  • are reported on Form 1040, U.S. Individual Income Tax Return (or Form 1040A) on the line on which U.S. social security benefits would be reported.

If the recipient is a U.S. citizen or lawful permanent resident (green card holder) who is a resident of Canada, the benefits are taxable only in Canada.

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New Member

Where do enter income from Service Canada Canada pension plan

Where is the 'source' of the info re: special tax treatments?
Couldn't locate at <a rel="nofollow" target="_blank" href="http://www.irs.gov">www.irs.gov</a>
Thanks!
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New Member

Where do enter income from Service Canada Canada pension plan

I understand that I am to enter my Canadian pension plan with my social security. Is this so. The IRS directions are so confusing. 

Canada took 25% tax out of my municipal pension plan - do I report this some where??

Thanks for help

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Expert Alumni

Where do enter income from Service Canada Canada pension plan

If you're a U.S. resident, you'd enter your Canadian CPP and OAS benefits as though you had received a Form SSA-1099 from the U.S. Social Security Administration.

 

You would then file a Form 1116 Foreign Tax Credit to eliminate the double taxation on the Canadian income.

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