Line 115 - Other pensions and
superannuation
See the back of your slips and the summary table for retirement income located after line 104 of this guide to find out where to report the amount.
Pension income splitting
You may be able to make a joint election with your spouse or common-law partner to split your pension, annuity, pooled registered pension plan, registered retirement income fund (including life income fund), and specified pension plan payments you reported on line 115 of your return if both of the following apply:
-
you were both residents of Canada on December 31, 2018 (or were residents of Canada on the date of death)
-
neither of you were, because of a breakdown in your marriage or common-law relationship, living separate and apart from each other at the end of the year and for a period of 90 days or more beginning in the year
To make this election, you and your spouse or common-law partner must complete Form T1032, Joint Election to Split Pension Income. The transferring spouse or common-law partner must still report the full amount of income on line 115 of their return, but can claim a deduction for the elected split pension amount on line 210 of their return.
Pensions from a foreign country
Report in Canadian dollars your gross foreign pension income received in the year. See "Report foreign income and other foreign amounts" at the beginning of Step 2 - Total income of this guide. In some cases, amounts you receive may not be considered pension income and you may have to report them elsewhere on your return.
United States individual retirement arrangement (IRA) - If during the year you received amounts from an IRA or converted an IRA to a "Roth" IRA, call the CRA.
Note
You can claim a deduction on line 256 of
your return for the part of your foreign pension income that is
tax-free in Canada because of a tax treaty.
United States Social Security - Report on line 115 of your return the full amount, in Canadian dollars, of your U.S. Social Security benefits and any U.S. Medicare premiums paid on your behalf. You can claim a deduction for part of this income. See Line 256 of this guide.
|
|
|