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What is the tax treatment of canadian social security benefits in the united states? canadian social security benefits are:

a. not taxable in the united states.
b. taxed as a pension using the general rule.
c. taxed as a pension using the simplified method.
d.. the benefits are treated as paid under the social security legislation of the united states and reported as if they were united states social security benefits for a united states resident.

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Final answer:

Canadian Social Security benefits in the United States are treated as if they are U.S. Social Security benefits for tax purposes, and this treatment is guided by the U.S.-Canada tax treaty to avoid double taxation. Therefore, the correct option is D.

Step-by-step explanation:

The tax treatment of Canadian Social Security benefits in the United States is that they are taxed as if they are U.S. social security benefits for a U.S. resident. This means that Canadian social security benefits are included in the U.S. tax return and taxed according to U.S. law. However, the U.S.-Canada tax treaty provides relief from potential double taxation, where Canadian social security benefits could be taxable in both countries.

Under this treaty, a U.S. resident is taxed in the U.S. but may be eligible for a foreign tax credit or deduction for taxes paid to Canada. Therefore, the correct answer to the question is: d. the benefits are treated as paid under the social security legislation of the United States and reported as if they were United States social security benefits for a United States resident.

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