Line 11500 - Pensions from a foreign country
Note: Line 11500 was line 115 before tax year 2019.
If you received a pension from another country, report in Canadian dollars your gross foreign pension income received in the year. Use the Bank of Canada exchange rate in effect on the day you received the pension. If you received the pension at different times during the year, use the average annual rate. The average monthly rate and the daily rate are available by visiting the Bank of Canada website.
Attach a note to your paper return identifying the type of pension you received and the country it came from. In some cases, amounts you receive may not be considered pension income and you may have to report it at a different place on your return.
If you paid foreign taxes on your pension, you may be able to claim a foreign tax credit when you calculate your federal and provincial or territorial taxes (see line 40500). Do not subtract the taxes from your income when you report it.
Two common types of foreign pension are:
Questions and answers
My aunt received a pension from Italy for my late uncle who worked in the Italian armed forces. How does she report the income? My aunt's income included the pension of $30,000 and interest income of $15,000.
Completing your tax return
Report on line 11500 your gross foreign pension income in Canadian dollars.
Forms and publications
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