Drake Tax – 1040: Canadian Retirement Income

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Article #: 12945


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.

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