Reciprocal Canada : Contents
Other income
When a client is receiving other income, such as interest from investments or rent from properties they own in Canada, the payments will be treated in the same way as income earned in New Zealand.
You need to convert the income to New Zealand dollars using the current exchange rate. This can be found by using the SELXT screen in SWIFTT and entering the Canadian country code 028.
If you are unsure how the calculation works you should contact International Services
For more information see:
- Direct deductions
- Income and property Definition of income
Legislation
- income (definition) schedule 2 Social Security Act 2018
