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New Member
posted Oct 30, 2019 1:47:28 AM

I am reporting USA social security pension income. Where do I take off the 15% deduction because of the tax treaty?

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1 Best answer
New Member
Oct 30, 2019 1:47:32 AM

To enter the income in the correct place,

Click "Income"

Click "T-slips"

Scroll down the "Income Slips" page until you see "Foreign Income."  Select "Foreign Income"

Click "Continue" until you see the "Foreign Slip" screen.

Enter the total amount of the US Social Security income received in the "US social security benefits" field.  If you enter the amount in US Funds, ensure you also include the exchange rate in the "Exchange rate" field.

The software will automatically calculate 15% and include that amount at line 256 of the T1.

3 Replies
New Member
Oct 30, 2019 1:47:30 AM

Have you entered the income in the Foreign Income section, in the field for Social Security?

New Member
Oct 30, 2019 1:47:31 AM

yes

New Member
Oct 30, 2019 1:47:32 AM

To enter the income in the correct place,

Click "Income"

Click "T-slips"

Scroll down the "Income Slips" page until you see "Foreign Income."  Select "Foreign Income"

Click "Continue" until you see the "Foreign Slip" screen.

Enter the total amount of the US Social Security income received in the "US social security benefits" field.  If you enter the amount in US Funds, ensure you also include the exchange rate in the "Exchange rate" field.

The software will automatically calculate 15% and include that amount at line 256 of the T1.