Receiving Foreign Pension Stop This CRA Mistake Before You Lose Your GIS скачать в хорошем качестве

Receiving Foreign Pension Stop This CRA Mistake Before You Lose Your GIS

Are you receiving a pension from another country? 🌍 One simple mistake on your CRA tax return could be costing you over $1,000 every month in lost GIS benefits. In this video, Christine explains the "Double Tax Trap," how to use Tax Treaties (Line 25600), and why reporting your foreign income correctly is the only way to protect your Guaranteed Income Supplement in 2026. 📌 What we cover in this video: The $1,000 Mistake: Why foreign pensions (US, UK, India, etc.) affect your GIS. Line 11500 vs. Line 25600: The secret to claiming tax exemptions legally. The 50% Reduction Rule: How every dollar from abroad reduces your GIS payment. Country Specifics: Rules for US Social Security, UK State Pension, and others. CRA Voluntary Disclosure: What to do if you haven't reported foreign income. The 6-Month Rule: Why traveling abroad can stop your GIS completely. Key Timestamps: 0:00 - The Foreign Pension & GIS Crisis 2:15 - How Service Canada calculates GIS with Foreign Income 4:30 - The 50% Reduction Rule explained 7:10 - Maria’s Story: The "Line 25600" Secret to saving $900/year 10:05 - Robert’s Warning: The danger of not reporting UK/US pensions 13:40 - 6 Steps to protect your benefits right now 16:20 - US Social Security & UK Pension special rules 19:00 - Voluntary Disclosure: Fixing past mistakes with CRA Official Resources: CRA International Tax Services: https://www.canada.ca/en/revenue-agen... List of Canada’s Tax Treaties: https://www.canada.ca/en/department-f... GIS Income Thresholds (2026): https://www.canada.ca/en/services/ben... Disclaimer: I am a retirement educator, not a CRA official. This video is for informational purposes. Please consult an international tax professional for your specific situation. #GIS #CRA #ForeignPension #CanadianSeniors #CanadaTax #TaxTreaty #RetirementCanada #IndiaPension #UKPension #USSocialSecurity