CPP/OAS reporting on 1040

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SergeP
Posts: 73
Joined: Mon Mar 09, 2009 10:38 pm
Location: hawaii

CPP/OAS reporting on 1040

Post by SergeP »

If I am a CPP/OAS recipient living in US do I just combine these payments with my SS and report them on the same line of the 1040 form (with only 85% taxable)?
Serge
nelsona
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Re: CPP/OAS reporting on 1040

Post by nelsona »

yes
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nelsona
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Re: CPP/OAS reporting on 1040

Post by nelsona »

Can you tell us what the impact of WEP was on your SS? Experiences.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing :D
SergeP
Posts: 73
Joined: Mon Mar 09, 2009 10:38 pm
Location: hawaii

Re: CPP/OAS reporting on 1040

Post by SergeP »

I applied for SS when was a Canadian resident receiving CPP. The WEP affected my SS amount - it was reduced by 50% of my CPP amount at that time (converted into US$). As CPP got indexed the next year I called SS office and ask if my WEP amount would be adjusted accordingly. They told me that I did not need to call because the WEP amount would stay the same for all following years. Now I am moving back to US. This move won't probably affect that initial WEP amount.
Serge
nelsona
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Re: CPP/OAS reporting on 1040

Post by nelsona »

Correct. SSA does WEP once, during the first month you receive both SS and CPP, and that is it. No need to approach SSA on that anymore.

How many years did you work in US?
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing :D
SergeP
Posts: 73
Joined: Mon Mar 09, 2009 10:38 pm
Location: hawaii

Re: CPP/OAS reporting on 1040

Post by SergeP »

I worked in US for 11 years and earned 40 credits for SS.
Serge
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