Is Pension Plan Income Taxable? 
In Canada , pension plan income is taxable . Pension contributions by the company and the individual are tax deductible . The funds inside the plan grow tax deferred . Consequently when income is received from the plan it is taxable . Retirement income planning often requires the assistance of professionals . If you would like to work with a local Retirement Planner , you could start with a Google search . For example , if you search for : retirement planner Halifax or retirement planning Halifax , my name , along with several others , will come up . You can use the same method to find Retirement Planners in your community . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . 