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枫下家园 / 钱财税务 / How to file parents tax with only Chinese retirement?I converted their Chinese retirement to CAD and put into Line 115, but then they own money to CRA.
Is it normal?
Thanks
-henri(WildMan);
2017-4-15
{121}
(#10740193@0)
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How much is Canadian amount? It is normal to pay tax if Canadian amount is over $13000。
-2841999(四友);
2017-4-15
(#10740421@0)
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Thanks, so maybe it is normal.Anybody knows the Line 256 for Chinese pension? CRA says 15% for US SS. Nothing about China, need to call.
Also there is Tax Treaty between Canada and China, so T2209 can be used. But have to find out how much they paid Chinese tax.
-henri(WildMan);
2017-4-15
{233}
(#10740983@0)
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Not aware of any treaty that exempts you from paying Canadian tax. I would consider Line 115 instead.
-2841999(四友);
2017-4-16
(#10741208@0)
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中国交税没?是的话,可以claim foreign tax credit
-insane2011(TaxPro);
2017-4-16
(#10741263@0)