What is the status of the tax rate for Canadians who receive US Social Security?
A. M.P. Jeff Watsons private members Bill C-305 regarding Canadians receiving U.S. Social Security is currently before the Finance Committee. The purpose of the Bill is to return to the previous arrangement whereby 50 per cent of U.S. Social Security is considered taxable income, rather than 85 per cent, which is the current practice. CARP presented a Brief in support of this Bill.
