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  • Undeducted purchase price of a foreign pension or annuity

    You can claim a deduction to reduce the taxable amount on income you receive from a foreign pension or annuity that also has an undeducted purchase price (UPP).

    Only some foreign pensions and annuities have a UPP. The UPP is the amount you contribute towards the purchase price of your pension or annuity – your personal contributions.

    If your pension is from another country and you think you are entitled to claim a deductible amount. Request for a determination of the deductible amount of UPP of a foreign pension or annuity.

    See also:

    Last modified: 18 Jun 2021QC 31987