Whether to file tax returns for pensions depends on two aspects. First, do pensions from other countries need to be taxed in Canada?
Today I want to share with you the topic of pensions. To sum up, there are two points: first, if you are over 65 years old but still working in Canada, you can actively apply to your employer to stop paying CPP. On the contrary, the employer cannot unilaterally stop your CPP payments; the second point is , if you have pensions from other countries, you are obliged to truthfully declare and pay taxes to the Canada Revenue Agency, otherwise it will not only incur heavier penalties and interest, but also affect other benefits you receive.
