Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle de l'ARC.
Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the Department.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle du ministère.
940010
XXXXXXXXXX T.B. Kuss
Attention: XXXXXXXXXX
March 10, 1994
Dear Sirs:
Re: Pension Income from Japan
Technical Interpretation Request
This is in reply to your letter dated December 24, 1993 requesting a technical interpretation regarding the taxation of pension income in the following hypothetical situation.
- Mr. A is a Canadian resident receiving pension income from Japan.
- The pension income is taxable in Japan.
- Mr. A is not receiving any Canadian pension income.
Analysis and Discussion
Generally, pension income received by Mr. A would be included in his income under subparagraph 56(1)(a)(i) as it would be considered a "superannuation or pension benefit". The term "superannuation or pension benefit" is defined in subsection 248(1) and has a very broad meaning. Your reference to clause 56(1)(a)(i)(C.1) is not relevant regardless of whether the pension is taxable in Japan as the pension would not be a "foreign retirement arrangement" as defined in subsection 248(1) of the Act and prescribed in section 6803 of the Regulations.
We hope our comments are of assistance.
Yours truly,
for Director
Reorganizations and Foreign Division
Rulings Directorate
Legislative and Intergovernmental
Affairs Branch
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