# Polish Pension **URL:** \ **Category:** Tax Topics\ **Created:** [April 5, 2023, 8:00pm UTC](https://www.protaxcommunity.com/t/polish-pension/6852 "2023-04-05T20:00:55Z")\ **Posts on this page:** 12\ **Page:** 1
**Author:** ![walt](https://avatars.discourse-cdn.com/v4/letter/w/71e660/32.png) [@walt](https://www.protaxcommunity.com/u/walt)\ **Post date:** [April 5, 2023, 8:00pm UTC](https://www.protaxcommunity.com/t/polish-pension/6852/1 "2023-04-05T20:00:55Z")
Client receives a Polish pension and 10% withheld for taxes. Can anyone tell me if any portion of this pension is exempt? ---
**Author:** ![mprevedel.ca](https://avatars.discourse-cdn.com/v4/letter/m/3e96dc/32.png) [@mprevedel.ca](https://www.protaxcommunity.com/u/mprevedel.ca)\ **Post date:** [April 5, 2023, 11:51pm UTC](https://www.protaxcommunity.com/t/polish-pension/6852/2 "2023-04-05T23:51:46Z")
You should probably enquire with the Polish consulate. ---
**Author:** ![taxwave](https://sea2.discourse-cdn.com/flex016/user_avatar/www.protaxcommunity.com/taxwave/32/2957_2.png) [@taxwave](https://www.protaxcommunity.com/u/taxwave)\ **Post date:** [April 6, 2023, 1:23am UTC](https://www.protaxcommunity.com/t/polish-pension/6852/3 "2023-04-06T01:23:36Z")
Your polish client should be able to produce the document related to her retirement income. From my Polish client, it was taxable income in Poland as well as Canada. Fill in a foreign income slip : Currency: OTH Exchange rate: .3249 (2021 avg.) don’t know for 2002 yet. Foreign country: Poland In amount column fill in: Pension income total (in polish currency) - Foreign tax paid:(in polish currency) in total column: you’ll see CND$ values Form T2209 will auto populate to establish federal foreign tax credit. ---
**Author:** ![etservice1978](https://sea2.discourse-cdn.com/flex016/user_avatar/www.protaxcommunity.com/etservice1978/32/3603_2.png) [@etservice1978](https://www.protaxcommunity.com/u/etservice1978)\ **Post date:** [April 6, 2023, 1:26am UTC](https://www.protaxcommunity.com/t/polish-pension/6852/4 "2023-04-06T01:26:16Z")
Check for tax treaties on the CRA site - they are listed by country…Social Security arrangements by country. Klaus ---
**Author:** ![taxwave](https://sea2.discourse-cdn.com/flex016/user_avatar/www.protaxcommunity.com/taxwave/32/2957_2.png) [@taxwave](https://www.protaxcommunity.com/u/taxwave)\ **Post date:** [April 6, 2023, 1:48am UTC](https://www.protaxcommunity.com/t/polish-pension/6852/5 "2023-04-06T01:48:13Z")
[Convention between Canada and the Republic of Poland for The Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income - Canada.ca](https://www.canada.ca/en/department-finance/programs/tax-policy/tax-treaties/country/poland-convention-2012.html) Article 17 ---
**Author:** ![walt](https://avatars.discourse-cdn.com/v4/letter/w/71e660/32.png) [@walt](https://www.protaxcommunity.com/u/walt)\ **Post date:** [April 6, 2023, 1:21pm UTC](https://www.protaxcommunity.com/t/polish-pension/6852/6 "2023-04-06T13:21:50Z")
Yes, seems proper , i wasnt sure if there was anything else to consider re Polish pension. I wiklk check tax treaty Thank you ---
**Author:** ![anitaval](https://sea2.discourse-cdn.com/flex016/user_avatar/www.protaxcommunity.com/anitaval/32/2625_2.png) [@anitaval](https://www.protaxcommunity.com/u/anitaval)\ **Post date:** [April 6, 2023, 1:24pm UTC](https://www.protaxcommunity.com/t/polish-pension/6852/7 "2023-04-06T13:24:30Z")
I have several Polish clients. The exchange rate for 2022 is 0.3251. The sheet from the consulate should show the amount received and taxes paid to Poland. I claim the pension as income and the taxes as foreign taxes paid. This has been reviewed several times at my firm and I’ve never had any problems. ---
**Author:** ![taxwave](https://sea2.discourse-cdn.com/flex016/user_avatar/www.protaxcommunity.com/taxwave/32/2957_2.png) [@taxwave](https://www.protaxcommunity.com/u/taxwave)\ **Post date:** [April 6, 2023, 2:06pm UTC](https://www.protaxcommunity.com/t/polish-pension/6852/8 "2023-04-06T14:06:36Z")
Is this the 2022 year-end rate or year average? Seems high from what I’ve seen on exchange history for 2022. ---
**Author:** ![anitaval](https://sea2.discourse-cdn.com/flex016/user_avatar/www.protaxcommunity.com/anitaval/32/2625_2.png) [@anitaval](https://www.protaxcommunity.com/u/anitaval)\ **Post date:** [April 6, 2023, 2:38pm UTC](https://www.protaxcommunity.com/t/polish-pension/6852/9 "2023-04-06T14:38:48Z")
That’s the official number I have ![POLISH CONVERSION](https://us1.discourse-cdn.com/flex016/uploads/taxcycle/original/2X/d/dc1e986005056b501e07c24802fb3f2bd59ed219.png) ---
**Author:** ![snoplowguy](https://sea2.discourse-cdn.com/flex016/user_avatar/www.protaxcommunity.com/snoplowguy/32/2535_2.png) [@snoplowguy](https://www.protaxcommunity.com/u/snoplowguy)\ **Post date:** [April 6, 2023, 3:54pm UTC](https://www.protaxcommunity.com/t/polish-pension/6852/10 "2023-04-06T15:54:08Z")
Interesting. Where did that official information come from? Both of these currency converter sites suggest 0.2927 average exchange for 2022. > **[Polish Zloty to Canadian Dollar Spot Exchange Rates for 2022](https://www.exchangerates.org.uk/PLN-CAD-spot-exchange-rates-history-2022.html)** > > Polish Zloty to Canadian Dollar Spot Exchange Rates for 2022 > **[Polish Zloty (PLN) To Canadian Dollar (CAD) Exchange Rate History for January...](https://www.exchange-rates.org/exchange-rate-history/pln-cad-2022-01-21)** > > This tool gives you the latest and most accurate data on currency exchange rates between the Polish Zloty and the Canadian Dollar on January 21, 2022. ---
**Author:** ![anitaval](https://sea2.discourse-cdn.com/flex016/user_avatar/www.protaxcommunity.com/anitaval/32/2625_2.png) [@anitaval](https://www.protaxcommunity.com/u/anitaval)\ **Post date:** [April 6, 2023, 4:36pm UTC](https://www.protaxcommunity.com/t/polish-pension/6852/11 "2023-04-06T16:36:06Z")
It’s from my tax software. Some others are: USD - 1.3013, UK - 1.6076, EU - 1.3696, IND - 0.0166, AUS - 0.9034, for example. ---
**Author:** ![taxwave](https://sea2.discourse-cdn.com/flex016/user_avatar/www.protaxcommunity.com/taxwave/32/2957_2.png) [@taxwave](https://www.protaxcommunity.com/u/taxwave)\ **Post date:** [April 6, 2023, 4:49pm UTC](https://www.protaxcommunity.com/t/polish-pension/6852/12 "2023-04-06T16:49:40Z")
Stats from @snoplowguy seem more accurate to me based on what I’ve seen so far.