If you worked in both countries, you may receive pension benefits from each. Article XVIII of the Canada-US treaty generally taxes pensions in the country of residence, with a 15% withholding in the source country. I help my retired cross-border clients get the credits right — that's where most people stumble.
I keep a close eye on developments like these so my clients don't have to. Tax law changes can significantly affect your filing strategy, and I believe the earlier you understand them, the better positioned you are to plan effectively.
Whether you file in Canada, the United States, or both, staying current on these changes is essential. In my cross-border practice, I've seen firsthand how policy shifts in one country can create unexpected obligations — or opportunities — in the other.
If you have questions about how this affects your specific situation, please don't hesitate to reach out. I'm here to help you navigate these changes and make the best decisions for your financial future.