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Level 1

Where do enter income from Service Canada Canada pension plan

 
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Level 7

Where do enter income from Service Canada Canada pension plan

The benefit from Canada Pension Plan is reported under TurboTax Social Security Section.

1.  After sign in, select Take me to my return /

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

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

4.  Program will take you directly to screen, Social Security Benefit-Did you receive any Social Security benefits ? / select Yes-Continue / screen Tell Us About the Benefits You Received 

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 receive 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 receive 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.

4 Replies
Level 1

Where do enter income from Service Canada Canada pension plan

Go to SS
Level 1

Where do enter income from Service Canada Canada pension plan

Turbo Tax Social Security Section
Level 7

Where do enter income from Service Canada Canada pension plan

The benefit from Canada Pension Plan is reported under TurboTax Social Security Section.

1.  After sign in, select Take me to my return /

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

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

4.  Program will take you directly to screen, Social Security Benefit-Did you receive any Social Security benefits ? / select Yes-Continue / screen Tell Us About the Benefits You Received 

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 receive 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 receive 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.

Level 1

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!