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vasanthu
New Member

I am a canadian citizen and I withdrew all of my CPF money from Singapore Is that money I withdrew taxable in Canada ?

Can I declare all the cpf money in line 256 and all of his will be considered as deductible?

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I am a canadian citizen and I withdrew all of my CPF money from Singapore Is that money I withdrew taxable in Canada ?

I do not believe they are, but the complexity of international funds can vary from country to country; therefore, I would suggest that you contact the CRA to find out if your CPF is taxable.

Here is a link from the CRA on line 256 which will be of help to you:

Line 256 - Exempt foreign income

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-re...

Contact CRA below:

https://www.canada.ca/en/revenue-agency/corporate/contact-information.html

And from Turbo Tax, please review below (if needed):

How do I report foreign income, pension, and other foreign amounts?

https://turbotax.community.intuit.ca/replies/2647976

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1 Reply

I am a canadian citizen and I withdrew all of my CPF money from Singapore Is that money I withdrew taxable in Canada ?

I do not believe they are, but the complexity of international funds can vary from country to country; therefore, I would suggest that you contact the CRA to find out if your CPF is taxable.

Here is a link from the CRA on line 256 which will be of help to you:

Line 256 - Exempt foreign income

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-re...

Contact CRA below:

https://www.canada.ca/en/revenue-agency/corporate/contact-information.html

And from Turbo Tax, please review below (if needed):

How do I report foreign income, pension, and other foreign amounts?

https://turbotax.community.intuit.ca/replies/2647976