Income Exempt Under A Tax Treaty

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2265 viewsMarch 12, 2020

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maryanne (anonymous) Posted March 11, 2020

I am a Canadian resident and receive my pension from Romania.
Can I deduct any amount as “Income exempt under a tax treaty” based on the fact that Romania and Canada have a tax treaty?

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score 0 · Answer 1 · 2020-03-12T17:22:58+00:00

As a Canadian resident, you are taxable on your global income, including foreign pension income. To avoid double taxation, you can claim a foreign tax credit on your Canadian tax return for foreign taxes deducted from your foreign pension income.

Income Exempt Under A Tax Treaty

1 Answer

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