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Canada Revenue Agency |
Agence du revenu du Canada |
Protected B when completed | ||||||||||||||||||
| Election To Pay Canada Pension Plan Contributions | 2023 | ||||||||||||||||||||
| You can elect to pay Canada Pension Plan (CPP) contributions if one of the following applies: | |||||||||||||||||||||
| • | You were a resident of Canada for income tax purposes during the year who received income from any of the types of | ||||||||||||||||||||
| employment listed on page 3 | |||||||||||||||||||||
| • | You were an individual registered or entitled to be registered under the Indian Act who received tax-exempt self-employment | ||||||||||||||||||||
| earnings on a reserve in Canada | |||||||||||||||||||||
| To calculate your additional CPP contributions, complete and attach to your return a copy of Schedule 8, Canada Pension Plan Contributions and Overpayment, or Form RC381, Inter-Provincial Calculation for CPP and QPP Contributions and Overpayments, whichever applies. |
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| You have to file your election on or before June 15, 2025, and pay your required contributions on or before April 30, 2025. | |||||||||||||||||||||
| Attach a completed copy of this form to your return or send it to the Canada Revenue Agency separately. | |||||||||||||||||||||
| First name | Last name | Social insurance number (SIN) | |||||||||||||||||||
| Mailing address | |||||||||||||||||||||
| City | Province or territory | Postal code | |||||||||||||||||||
| Part A – Earnings that you elect to pay additional CPP contributions on | |||||||||||||||||||||
| Total of your employment earnings as shown on T4 slips (from Part B) | 1 | ||||||||||||||||||||
| Total of your other employment earnings (from Part B) | 2 | ||||||||||||||||||||
| Tax-exempt self-employment earnings on a reserve as an individual | |||||||||||||||||||||
| registered or entitled to be registered under the Indian Act (complete Part C) | + | 3 | |||||||||||||||||||
| Line 2 plus line 3 | = | ► | + | 4 | |||||||||||||||||
| Line 1 plus line 4 | (maximum $66,600) | = | 5 | ||||||||||||||||||
| Enter whichever is less: amount from line 1 above, or from line 4 of Part 3 of your Schedule 8 | |||||||||||||||||||||
| or line 13 of Part 3 of your Form RC381, whichever applies. | – | 6 | |||||||||||||||||||
| Line 5 minus line 6 (if negative, enter "0") | = | 7 | |||||||||||||||||||
| Total of your CPP contributions deducted (from Part B) | ÷ 0.0595 = | – | 8 | ||||||||||||||||||
| Line 7 minus line 8 | = | 9 | |||||||||||||||||||
| Total of your Quebec Pension Plan (QPP) contributions | |||||||||||||||||||||
| deducted (from Part B) | ÷ 0.064 = | – | 10 | ||||||||||||||||||
| Earnings that you can elect to pay additional CPP contributions on: | |||||||||||||||||||||
| Line 9 minus line 10 (if negative, enter "0") | = | 11 | |||||||||||||||||||
| Enter whichever is less: amount from line 4 or line 11. | 12 | ||||||||||||||||||||
| Employment earnings not shown on a T4 slip that you elect to pay additional CPP contributions on: Enter an amount that is not more than the amount on line 12. Enter this amount on line 50373 of your Schedule 8 or in Part 4 of your Form RC381, |
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| whichever applies. | – | 13 | |||||||||||||||||||
| Line 11 minus line 13 If you are electing to pay additional CPP contributions on employment earnings shown on your T4 slips, enter this amount on line 50399 in Part 5 of your Schedule 8 or in Part 4 of |
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| your Form RC381, whichever applies. | = | 14 | |||||||||||||||||||
| CPT20 E (23) | (Ce formulaire est disponible en français.) | Page 1 of 3 | |||||||||||||||||||