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Forum: Canada

Oct 30th 2017, 1:16 am

Replies: 39

Tax relief on UK pension income limited to 10%?

Views: 8,369

Posted By eaglestorm

Re: Tax relief on UK pension income limited to 10%?

‘It will be split tax year treatment , Hurlabrick, and just two months of tax to pay the CRA.
It will work out advantageously as you effectively split your income over two jurisdictions and...

Forum: Canada

Oct 28th 2017, 9:26 pm

Replies: 39

Tax relief on UK pension income limited to 10%?

Views: 8,369

Posted By eaglestorm

Re: Tax relief on UK pension income limited to 10%?

Good luck with that. Perhaps you should point out to the CRA that it was not an annuity payment but a lump sum payment and you were fully taxed on it in the UK. They seem to be taxing you as if it...

Forum: Canada

Oct 28th 2017, 6:52 pm

Replies: 39

Tax relief on UK pension income limited to 10%?

Views: 8,369

Posted By eaglestorm

Re: Tax relief on UK pension income limited to 10%?

I believe you can apply for tax relief at source on most pension types. i have just downloaded the form.
For some reason they seem to be able to tax annuities up to 10%.I dont know why.
An annuity...

Forum: Canada

Oct 28th 2017, 1:23 pm

Replies: 39

Tax relief on UK pension income limited to 10%?

Views: 8,369

Posted By eaglestorm

Re: Tax relief on UK pension income limited to 10%?

Some info ,can't find the reference
Which explains why a one off payment is taxed . It doesn't mention a 10% tax limit though

Monthly recurring pensions from the UK and payable in Canada are...

Forum: Canada

Oct 28th 2017, 1:07 pm

Replies: 39

Tax relief on UK pension income limited to 10%?

Views: 8,369

Posted By eaglestorm

Re: Tax relief on UK pension income limited to 10%?

In plain English does that mean

The U.K. Can charge up to 10% tax on a pension payment?
Which is way CRA will only allow a 10% foreign tax credit

Forum: Canada

Oct 27th 2017, 7:43 pm

Replies: 39

Tax relief on UK pension income limited to 10%?

Views: 8,369

Posted By eaglestorm

Re: Tax relief on UK pension income limited to 10%?

This seems really odd as you are being taxed twice on a portion of the amount you brought across which as far as I know not what the DT agreement between Canada and the UK says.
Did they give you a...

Forum: Canada

Oct 27th 2017, 6:47 pm

Replies: 39

Tax relief on UK pension income limited to 10%?

Views: 8,369

Posted By eaglestorm

Re: Tax relief on UK pension income limited to 10%?

But if you have paid tax on it here as well as the UK I believe that you can reclaim it from the UK.
Not aware of this 10% limitation and will research that.
As far as I am aware there is no 25%...

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