Form RC269 "Employee Contributions to a Foreign Pension Plan or Social Security Arrangement - Non-united States Plans or Arrangements" - Canada

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Protected B when completed
2020
Employee Contributions to a Foreign Pension Plan or Social Security
Arrangement – Non-United States Plans or Arrangements
Complete Part A of this form if you contributed in 2020 to a social security arrangement
in any of the following countries:
Chile
Finland
Germany
Ireland
Lithuania
Slovenia
Switzerland
Estonia
France
Greece
Latvia
Netherlands
Sweden
Complete Part B of this form if you contributed in 2020 to an employer-sponsored pension plan
in any of the following countries:
Chile
Estonia
Germany
Italy
Netherlands
Sweden
Venezuela
Colombia
Finland
Greece
Latvia
Slovenia
Switzerland
Ecuador
France
Ireland
Lithuania
South Africa
United Kingdom
The Canadian Competent Authority has to agree that foreign social security arrangements generally correspond to the
Canada Pension Plan (CPP) and that foreign pension plans generally correspond to a Canadian registered pension plan (RPP).
For more information on eligible foreign social security arrangements and eligible foreign employer-sponsored pension plans,
go to canada.ca/cra-guidance-tax-treaty-relief-cross-border-pension-contributions.
For information on how to contact the Canadian Competent Authority (Legislative Policy Directorate),
go to canada.ca/cra-competent-authority-services.
If you participated in your employer's retirement plan in the United States, see Form RC267, Employee Contributions
to a United States Retirement Plan – Temporary Assignments, and Form RC268, Employee Contributions to
a United States Retirement Plan – Cross-Border Commuters.
A statement from your employer or the plan administrator will indicate the amount of your contributions. Do not send
us this statement, but keep it in case we ask to see it.
Report all amounts in Canadian dollars. For information about exchange rates, see Step 2 in the Income Tax
and Benefit Guide for Non-Residents and Deemed Residents of Canada.
RC269 E (20)
Page 1 of 4
(Ce formulaire est disponible en français.)
Clear Data
Protected B when completed
2020
Employee Contributions to a Foreign Pension Plan or Social Security
Arrangement – Non-United States Plans or Arrangements
Complete Part A of this form if you contributed in 2020 to a social security arrangement
in any of the following countries:
Chile
Finland
Germany
Ireland
Lithuania
Slovenia
Switzerland
Estonia
France
Greece
Latvia
Netherlands
Sweden
Complete Part B of this form if you contributed in 2020 to an employer-sponsored pension plan
in any of the following countries:
Chile
Estonia
Germany
Italy
Netherlands
Sweden
Venezuela
Colombia
Finland
Greece
Latvia
Slovenia
Switzerland
Ecuador
France
Ireland
Lithuania
South Africa
United Kingdom
The Canadian Competent Authority has to agree that foreign social security arrangements generally correspond to the
Canada Pension Plan (CPP) and that foreign pension plans generally correspond to a Canadian registered pension plan (RPP).
For more information on eligible foreign social security arrangements and eligible foreign employer-sponsored pension plans,
go to canada.ca/cra-guidance-tax-treaty-relief-cross-border-pension-contributions.
For information on how to contact the Canadian Competent Authority (Legislative Policy Directorate),
go to canada.ca/cra-competent-authority-services.
If you participated in your employer's retirement plan in the United States, see Form RC267, Employee Contributions
to a United States Retirement Plan – Temporary Assignments, and Form RC268, Employee Contributions to
a United States Retirement Plan – Cross-Border Commuters.
A statement from your employer or the plan administrator will indicate the amount of your contributions. Do not send
us this statement, but keep it in case we ask to see it.
Report all amounts in Canadian dollars. For information about exchange rates, see Step 2 in the Income Tax
and Benefit Guide for Non-Residents and Deemed Residents of Canada.
RC269 E (20)
Page 1 of 4
(Ce formulaire est disponible en français.)
Clear Data
Protected B when completed
Part A – Contributions to a foreign social security arrangement
Complete this part if you made contributions to an eligible foreign social security arrangement. These contributions may be
eligible for a 15% non-refundable tax credit. In addition, you may be able to claim a deduction in Part B for any contributions
in excess of those eligible for the tax credit.
If all of the following conditions are met, you can proceed with the calculation of the non-refundable tax credit
on the next page:
• you were participating in the arrangement on a regular basis just before you began performing services in Canada
• the contributions are attributable to services you performed in Canada and were made during the period you performed
the services
• the remuneration that you received for those services is taxable in Canada
• the total period during which you made contributions while you were temporarily residing in Canada is
no more than 60 months (48 months for Finland)
• the eligible contributions are deductible only in the year in which they were made and only to the extent that they would
qualify for tax relief in your home country if you had been a resident and performed the services in that country
Determine the number of months for the CPP contributions calculation
Enter "12" in box A unless any of the situations below apply:
• if you turned 18 years of age in 2020, enter the number of months in the year after the month you turned 18
• if for all of 2020 you were receiving a CPP or QPP disability pension, enter "0". If you started or stopped receiving a CPP
or QPP disability pension in 2020, enter the number of months during which you were not receiving a disability pension
• if you were 65 to 70 years of age in 2020, you were receiving a CPP or QPP retirement pension, and you elected to
stop paying CPP contributions in 2020, enter the number of months in the year up to and including the month you made
the election. If you had self-employment income in 2020, and you elected to stop paying CPP contributions in 2020,
enter the number of months in the year prior to the month you made the election (refer to Part 1 of your Schedule 8
or Form RC381, whichever applies)
• if you were 65 to 70 years of age in 2020, you were receiving a CPP or QPP retirement pension, you elected to stop
paying CPP contributions in a prior year, and you have not revoked that election, enter "0"
• if you were 65 to 70 years of age in 2020, you were receiving a CPP or QPP retirement pension, you elected to stop
paying CPP contributions in a prior year, and you revoked that election in 2020, enter the number of months in the year
after the month you revoked the election. If you had self-employment income in 2020 and have revoked your prior year
election to stop contributing to CPP, enter the number of months including the month you made the election (refer to
Part 1 of your Schedule 8 or Form RC381, whichever applies)
• if you turned 70 years of age in 2020 and you did not elect to stop paying CPP contributions, enter the number of months
in the year up to and including the month you turned 70 years of age
• if for all of 2020 you were 70 years of age or older, enter "0"
• if the individual died in 2020, enter the number of months in the year up to and including the month the individual died
Enter the number of months during which CPP applies in 2020.
A
Continue on to the next page.
RC269 E (20)
Page 2 of 4
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Protected B when completed
Part A – Contributions to a foreign social security arrangement (continued)
Monthly proration table for 2020
Applicable
Applicable
Maximum basic
Maximum basic
Maximum CPP
Maximum CPP
number of
number of
CPP exemption
CPP exemption
pensionable earnings
1
pensionable earnings
1
months
months
1
$4,891.67
$291.67
7
$34,241.67
$2,041.67
2
$9,783.33
$583.33
8
$39,133.33
$2,333.33
3
$14,675.00
$875.00
9
$44,025.00
$2,625.00
4
$19,566.67
$1,166.67
10
$48,916.67
$2,916.67
5
$24,458.33
$1,458.33
11
$53,808.33
$3,208.33
6
$29,350.00
$1,750.00
12
$58,700.00
$3,500.00
Calculating the non-refundable tax credit
CPP pensionable earnings (box 26 of all your T4 slips)
1
Earnings for services performed in Canada on which the
51180
foreign social security contributions were made
+
2
(maximum $58,700)
2
Line 1 plus line 2
=
3
(maximum $3,500)
CPP basic exemption
2
4
Line 3 minus line 4
=
5
5.25%
Employee CPP contribution rate
×
6
Multiply line 5 by line 6 (your CPP contribution limit).
=
7
Amount of CPP contributions from line 30800 of your return
8
Amount of CPP enhanced contributions on employment income from
line 22215 of your return
+
9
Add lines 8 and 9.
=
10
Line 7 minus line 10
=
11
Amount contributed to a foreign social security arrangement
51190
for earnings reported on line 2 above
12
Enter the amount from line 11 or line 12, whichever is less.
51200
13
How to make your claim
Include the amount from line 13 when you calculate the amount on line 33500 of your return. If you are completing
Schedule 11, include this amount when you calculate the amount on line 11 of your Schedule 11. Do not include
any amount of foreign social security contributions when you calculate line 30800 of your return.
On provincial/territorial forms (excluding those for Quebec), include the amount from line 13 when you calculate line 58800
on your Form 428. If you are completing the provincial or territorial Schedule S11, also include this amount when you
calculate any line where field 58240 forms part of the calculation. If you performed employment services in Quebec, contact
Revenu Québec at revenuquebec.ca/en.
If the amount you entered on line 12 is more than the amount you entered on line 13, you may choose to complete Part B.
(1) If you started receiving CPP retirement benefits in 2020, your basic exemption may be prorated by the CRA.
(2) See the monthly proration table above to find the amount that corresponds to the number of months entered in box A
RC269 E (20)
Page 3 of 4
Clear Data
Protected B when completed
Part B – Contributions to a foreign employer-sponsored pension plan
Complete this part if (a) or (b) applies:
(a) you contributed to an eligible foreign employer-sponsored pension plan and all of the following conditions are met:
• You were participating in the plan on a regular basis just before you began performing services in Canada.
• The contributions are attributable to services you performed in Canada and were made during the period you
performed the services.
• The remuneration that you received for those services is taxable in Canada.
• The total period during which you made contributions while you were temporarily residing in Canada is
no more than 60 months (48 months for Finland).
• The eligible contributions are deductible only in the year in which they were made and only to the extent that they would
qualify for tax relief in your home country if you had been a resident and performed the services in that country.
(b) the amount you entered on line 12 of Part A is more than the amount you entered on line 13, and you choose to claim a
deduction for the excess contributions to an eligible foreign social security arrangement
3
Calculating your deduction
51210
Amount of your 2020 contributions to the foreign employer-sponsored pension plan
1
Complete this line if (b) applies
Line 12 from Part A, minus line 13 from Part A
4
+
2
Line 1 plus line 2
=
3
Your resident compensation in 2020
51220
5
4
Rate
9%
×
5
Multiply line 4 by line 5.
=
6
13,915.00
Money purchase limit ($27,830) × 50%
7
Enter the amount from line 3, line 6, or line 7, whichever is the least.
8
Add the amount from line 8 to the amount on line 20700 of your return.
3
Pension adjustment
If you participate in a foreign employer-sponsored pension plan and receive a T4 slip, your employer should have
reported a pension adjustment (PA) to the Canada Revenue Agency. Enter on line 20600 of your return the total of all
amounts shown in box 52 of your T4 slips. The PA will reduce your registered retirement savings plan (RRSP)
contribution room for 2021.
If you are making a claim for your excess foreign social security contributions or if you do not receive a T4 slip showing
your PA, calculate and report it as follows:
Your resident compensation in 2020
5
1
Rate
18%
×
2
Multiply line 1 by line 2.
=
3
27,830.00
Money purchase limit for 2020
4
51230
Enter the amount from line 3 or line 4, whichever is less.
5
Add the amount from line 5 to the amount on line 20600 of your return.
(3) Any resulting claim you choose to include at line 20700 of your return for the excess foreign social security contributions
will eliminate all RRSP deduction room that would otherwise be created due to this employment income.
(4) If you are contributing to a registered pension plan (RPP) or a deferred profit sharing plan (DPSP), you cannot claim the
excess foreign social security contributions.
(5) Your resident compensation for 2020 is the total of your salaries, wages, and other amounts from your employment with
the employer, excluding amounts that are exempt from income tax in Canada by virtue of a tax convention or agreement.
See the privacy notice on your return.
RC269 E (20)
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