Whether pensions should be reported for taxation or not, there are two aspects to this question. 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 and still working in Canada, you can take the initiative to apply to your employer to stop paying CPP. Otherwise, your employer cannot unilaterally stop your CPP payment; second, if you have pensions from other countries, you are obliged to report and pay taxes to the Canadian tax bureau truthfully, otherwise you will not only incur heavy fines and interests, but also affect other benefits you receive.
