Drake Tax - 1040: Canadian Retirement Income

Article #: 12945

Last Updated: April 04, 2025

 


Tags: Drake Tax

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Canada Pension Plan (CPP), Quebec Pension Plan (QPP), and Old Age Security (OAS) plan benefits paid to a US resident are treated as US social security benefits and can be entered on screen 3, line 6a. The taxable portion is calculated by the program.

Tip  Foreign pensions from other foreign payors may be entered on the FEC screen.

The following links provide more detailed information: