Canada U.S. Income Tax Treaty
Technical Explanation of the Fifth Protocol
presented by U.S. Treasury
Portion of RRSP withdrawals for US taxpayers
Computing the nontaxable portion of an RRSP
withdrawal for a US citizen or resident can be a difficult. Even the
rules for lump sum withdrawals or RRIFs and annuities are quite different.
The first thing to do is determine your "investment in the contract"
Our worksheet is available help
determine your cost for US tax purposes.
Summary of RRSP Contributions and Earnings Worksheet
Complex rules, which change depending on the year of contributions, may
allow for a portion of RRSP/RRIF withdrawals to be tax free for U.S.
federal tax purposes. Different states may have different rules than
federal. NJ, CA and GA in particular do not recognize tax deferral on
earnings in an RRSP.
Taxable Portion of United Nations Pensions for Canadian Residents
The attached paper was prepared for Canadian
resident recipients of pensions from the United Nations - a U.S. source
pension. The Canada U.S. Tax Treaty allows for taxing the pension in
Canada under U.S. rules. The topics covered cover most tax issues
for both US and Canadian residents on determining the taxable
portion. In many cases both contributions by the taxpayer and the employer
can be excluded.
Taxation of UN pensions for Canadian Residents
Internal Revenue Service and
Canada Revenue Information