If there is a tax treaty with the country your pension is from, you can claim a deduction on line 25600 of your return for the part of your foreign pension income that is tax-free in Canada.
If you paid foreign taxes on your pension, you may be able to claim a foreign tax credit when you calculate your federal and provincial or territorial taxes.
In order to do follow the steps written below:
- Select Find (or the magnifying glass icon) from the TurboTax menu.
- In the Find window, type Foreign income and select Go.
- Select Foreign income from the options that appear then selects Go.
- When the Foreign Income Summary step appears, add the amount for the slip you'd like to claim.
- Repeat the steps above for each new slip and amount you need to enter.
- Select Continue.
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