Canada Pension Plan

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Old Sep 8th 2014, 4:36 pm
  #1  
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Default 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
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Old Sep 8th 2014, 4:41 pm
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Default Re: Canada Pension Plan

Originally Posted by katie97
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
Are you resident in the UK, or in Canada?

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).
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Old Sep 8th 2014, 10:42 pm
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Default Re: Canada Pension Plan

Originally Posted by katie97
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
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.
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Old Sep 14th 2014, 6:34 am
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Default 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.
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Old Sep 18th 2014, 10:08 am
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Default Re: Canada Pension Plan

Thank you for the replies
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