Hi

I've been receiving pension payments from the UK for the last 3 years. These payments have been included as taxable income on my UK tax return and tax deducted. So I've been entering this income and the tax deducted on the Foreign slip which in turn feeds into the FTC, which reduces my Canadian tax.

I've just learned that, according to the UK/CAN tax treaty, periodic pension payments can be exempted from tax in the UK and taxed fully in Canada, if you complete the appropriate forms to receive the UK exemption.

My question is are these 2 options equivalent WRT total tax paid, or is it better for me to apply to have my UK pension payments exempted from UK tax?

Cheers

Graham