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V0081-20 ·16 January 2020 ·consulta-vinculante Medium impact
FISCAL

Canadian pension income taxed in Spain as worldwide income with foreign tax credit

A Spanish resident asks whether to declare Canadian pension income and how to avoid double taxation. The DGT states that the income is subject to Spanish taxation on worldwide income and that a foreign tax credit may be applied.

In 6 key points

How it affects those involved

Residents of Spain earning pensions from Canada must declare such income as worldwide income and can claim a foreign tax credit to avoid double taxation.

Lifecycle

2020-01-16PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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