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New Member
posted Feb 6, 2023 3:41:45 PM

Under the canadian australian tax agreement, what is the tax rate payable in canada on a pension received from an australian pension fund?

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1 Replies
Moderator
Feb 6, 2023 4:10:07 PM

There’s no specific tax rate for foreign pension income. It would depend on how much other taxable income you have, which determines what tax bracket you fall into.

 

Also, if you have already paid taxes on your Australian pension, then you will not be taxed again by Canada.