“Canada Pension Plan (CPP) or QPP Contributions on Self-employment & Other Earnings”

If you have self-employment income on lines 135 to 143 of your T1General, or reported business or professional income from a partnership on line 122 of your T1General, or you pay additional contributions on other earnings, you have to complete T1Schedule 8, CPP Contributions on Self-Employment & Other Earnings.

To complete Schedule 8, and place this amount on your T1General, you need this information: All Net Self-employment-T2125 form(s), all Employment earnings T4slips, and other Employment earnings not included in T4slips. Based from T4slips & Form CPT120-for additional CPP Contributed, the calculation of total CPP will be added to these amounts. CPP contributions will be reported on Line 310 of Schedule 1 – Federal Tax (same amount for Territorial Tax form), also reported on Line 222 &421 of T1General. Forms required: T1General; TT2125;Sched 8;CPT1120 at: http://www.cra.gc.ca/

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Earla Riopel, BSCom(USA), DipAcc(UBC)

Website: http://earlariopel.com/ Email: earla@earlariopel.com

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