Canadian expat over 65 - CPP and OAS implications - Philippines forum

Canadian expat over 65 - CPP and OAS implications

GuestPoster144846Guest08 July 2020 15:17:16

This post is targeted to Canadian expats 65 or older who are living in the Philippines for more than 6 months per year.聽

I am now retired, collecting CPP and OAS and I want to spend about 9 months a year in the Philippines, 3 in Canada.聽 This would qualify me as a non-resident of Canada and the government then withholds 25% of these pensions for tax.聽 If the tax treaty with the Philippines kicks in the withholding amount is 15% as I understand it.聽 My current tax liability for these is around 12%.聽 I am aware of the NR5 form which, as I understand it, might allow me to continue to file a Canadian tax return and pay the same tax, i.e. 12%.聽 But it's not perfectly clear if that's the case.

I am inquiring what arrangements other Canadian retirees have made regarding the CPP and OAS pensions.聽 Any information or guidance would be most appreciated.

Baracuda555 Member

Member since 09 August 2016

Baracuda555Member09 July 2020 02:04:20

Would like to follow this thread.

AaronAardvark Serial expat

Member since 05 December 2019

AaronAardvarkSerial expat13 July 2020 04:42:08

289

You might want to check out the separate聽 thai visa forum (search google).聽 Yes I know it聽 is Thailand and not the Philippines but there are significantly more Canucks聽 there who would be willing to help.