Discussion about deep stops is not new to the scientists studying decompression safety. Since Haldane first established decompression tables, the depth of the first stop has been debated. The answers varied over time, depending on prevailing contemporary dive practices and concerns.
So, if you are earning $50,000 in salary and 15,000 in retirement benefits in France, the income reported on your U.S. tax return is $65,000. You might have foreign tax credits to offset the $50,000, but no credits to cover the $15,000.f course, if you are operating a small business, and your income is less than the Foreign Earned Income Exclusion ($99,200 in 2014), you donât need to be concerned with a pension, be it foreign or domestic. Now that Iâve buried the lead in the 5 th paragraph, letâs talk about the foreign pension tax trap.
If there is a tax treaty with the country your pension is from, you can claim a deduction on line 256, for the part of your foreign pension income that is tax-free in Canada. Refer to CRA for more information.ote: There is space allowing you to report a description and amount for other criteria not covered above reported on line 104, such as occasional income (e.g. baby-sitting, etc.). For more steady income, it may be preferable to report such income on line 135. Refer to CRA for more information.