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February 21, 2020
Question

Do I report my Canada Survivor pension as CAD or convert it to USD?

  • February 21, 2020
  • 1 reply
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The amount on the Canadian government form is in CAD.

1 reply

February 21, 2020

You should convert it to USD using an average exchange rate for the year. A good resource to find this is on OANDA which you can link to, here:

 

OANDA historical exchange rates

 

You may also want to look into the USA-Canada treaty because depending on where you reside, the pension may not be taxable. 

 

US-Canada Tax Treaty - Look at section on Pensions