Canada Pension Plan
#1
Forum Regular
Thread Starter
Joined: Apr 2005
Posts: 45
Canada Pension Plan
Hi my husband may be entitled to his Canada Pension Plan due to disability, will we pay tax on this here in the UK.
Apoligies if this has been discussed before but I could not find it
Apoligies if this has been discussed before but I could not find it
#2
Re: Canada Pension Plan
If you are resident in the UK, I think most worldwide income is taxable in the UK. Exceptions are things like Roth IRAs (a type of pension plan in the US that has tax emption in the UK as well as the US).
#3
Re: Canada Pension Plan
Unless you take positive steps with the CRA, there'll be 25% tax withheld at source if you're (or rather he is) a non-resident. But the tax-treaty means you won't lose out anyway.
#4
Just Joined
Joined: Aug 2011
Location: sunny Deal
Posts: 15
Re: Canada Pension Plan
When I moved to the UK I filed a departure tax return with the CRA. Over here I then applied for my CPP and receive it without any deductions. I'm considered a non resident. I report that income on my UK return.
I also converted my TFSA to a RIF. When you take the minimum amount there is no withholding tax deduction.
I also converted my TFSA to a RIF. When you take the minimum amount there is no withholding tax deduction.
#5
Forum Regular
Thread Starter
Joined: Apr 2005
Posts: 45
Re: Canada Pension Plan
Thank you for the replies