Canadian citizen worked in USA and retiring in Philippines

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Mikefa9164
Posts: 7
Joined: Mon Aug 13, 2018 7:51 am

Canadian citizen worked in USA and retiring in Philippines

Post by Mikefa9164 »

Hi,

I am a Canadian citizen and have lived and worked in USA on TN Visa since 2005.
I am retiring next month and planning live on my Social Security benefit amount.
I will be moving to Philippines for my retirement.

Do I need to file my taxes in Canada for the Social security benefit amount?


Thanks
nirvana_1959
Posts: 62
Joined: Fri Mar 18, 2016 9:17 am

Re: Canadian citizen worked in USA and retiring in Philippines

Post by nirvana_1959 »

Short answer is "NO". As a non-resident (of Canada) you pay taxes only on income from Canadian sources.
Mikefa9164
Posts: 7
Joined: Mon Aug 13, 2018 7:51 am

Re: Canadian citizen worked in USA and retiring in Philippines

Post by Mikefa9164 »

Thanks for your reply.
What if I have to come back from Philippines and live in Canada after a few years. Then, do I have to pay taxes on my USA Social security benefit?
nirvana_1959
Posts: 62
Joined: Fri Mar 18, 2016 9:17 am

Re: Canadian citizen worked in USA and retiring in Philippines

Post by nirvana_1959 »

General rule: You have to pay tax on worldwide income to the country to which you are tax resident.
So, yes to your question. However, you would have paid taxes on the same income to USA which can be used to offset Canadian taxes.
nelsona
Posts: 17000
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Re: Canadian citizen worked in USA and retiring in Philippines

Post by nelsona »

... and since the question is on US Social Security, it SPECIFICALLY is only taxed in Canada for Cdn residents -- by treaty.
I am taking my usual break from this site until May. Always too many tax-form specific questions at this time of year...
nelsona non grata. Non pro. Search previous posts. Happy Browsing :D
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