Is a the canada pension plan ans/ or the public service pension plan in canada consid

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Is a the canada pension plan ans/ or the public service pension plan in canada consid


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Old 9th April 2020, 10:30 PM
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Default Is a the canada pension plan ans/ or the public service pension plan in canada consid

I needed to know online is no help

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Old 9th April 2020, 10:31 PM
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Default Is the canada pension plan and/or the public service pension plan in canada

Considered a qualified trust?

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Old 10th April 2020, 04:15 AM
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considered by who?

Both CPP and OAS are government programs. OAS funded by ongoing government revenues. CPP by premiums paid over the working life.

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Old 10th April 2020, 03:21 PM
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Quote:
Originally Posted by NickZ View Post
considered by who?

Both CPP and OAS are government programs. OAS funded by ongoing government revenues. CPP by premiums paid over the working life.

I'm asking if they are considered a qualified trust by the US. It's not OAS its CPP and RPP

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Old 11th April 2020, 04:33 PM
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Quote:
Originally Posted by Ben5676 View Post
I'm asking if they are considered a qualified trust by the US. It's not OAS its CPP and RPP
This webpage answers the question for CPP. As to whether CPP is taxable on U.S. tax returns, it depends on where you live:

Quote:
For Canadian Residents

If you are a US citizen or green card holder who is a resident in Canada, then the benefits are only taxable in Canada. No taxes will be due in the US. For low income pensioners who earn little or no other income, the Old Age Security is supplemented by a guaranteed income supplement, which is considered non-taxable income.

How to Report Canadian Pensions Plans on Your US Taxes

If you receive Canadian retirement or pension benefits while living in the US, you should report them on form 1040 or a 1040A (depending on which one you’re filing). Enter this income on the line where US social security benefits are reported.
I can't find anything specifically addressing Canada's Public Service Pension Plan. Here's an IRS overview.

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