| Protected B when completed | |||||||||||||||||
| Part A – Contributions to a foreign social security arrangement (continued) | |||||||||||||||||
| Monthly proration table for 2023 | |||||||||||||||||
| Number of months |
Maximum CPP pensionable earnings |
Maximum basic CPP exemption (1) |
Number of months |
Maximum CPP pensionable earnings |
Maximum basic CPP exemption (1) |
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| 1 | $5,550.00 | $291.67 | 7 | $38,850.00 | $2,041.67 | ||||||||||||
| 2 | $11,100.00 | $583.33 | 8 | $44,400.00 | $2,333.33 | ||||||||||||
| 3 | $16,650.00 | $875.00 | 9 | $49,950.00 | $2,625.00 | ||||||||||||
| 4 | $22,200.00 | $1,166.67 | 10 | $55,500.00 | $2,916.67 | ||||||||||||
| 5 | $27,750.00 | $1,458.33 | 11 | $61,050.00 | $3,208.33 | ||||||||||||
| 6 | $33,300.00 | $1,750.00 | 12 | $66,600.00 | $3,500.00 | ||||||||||||
| Calculating your non-refundable tax credit | |||||||||||||||||
| CPP pensionable earnings (box 26 of all your T4 slips) | 1 | ||||||||||||||||
| Earnings related to the foreign social security contributions made for services performed | |||||||||||||||||
| in Canada | 51180 | + | 2 | ||||||||||||||
| Line 1 plus line 2 | (maximum $66,600) (2) | = | 3 | ||||||||||||||
| CPP basic exemption | (maximum $3,500) (2) | – | 4 | ||||||||||||||
| Line 3 minus line 4 | = | 5 | |||||||||||||||
| Employee CPP contribution rate | x 5.95% | 6 | |||||||||||||||
| Line 5 multiplied by the percentage on line 6 (your CPP contribution limit) | = | 7 | |||||||||||||||
| CPP contributions from line 30800 of your return | 8 | ||||||||||||||||
| CPP enhanced contributions on employment income from line 22215 | |||||||||||||||||
| of your return | + | 9 | |||||||||||||||
| Line 8 plus line 9 | = | ► | – | 10 | |||||||||||||
| Line 7 minus line 10 | = | 11 | |||||||||||||||
| Amount contributed to a foreign social security arrangement | |||||||||||||||||
| for earnings reported on line 2 above | 51190 | 12 | |||||||||||||||
| Enter whichever is less: amount from line 11 or line 12. | 51200 | 13 | |||||||||||||||
| How to make your claim | |||||||||||||||||
| Include the amount from line 13 when you calculate the amount to enter on: | |||||||||||||||||
| • | line 33500 of your return | ||||||||||||||||
| • | line 12 of your Schedule 11, if applicable | ||||||||||||||||
| Do not include any amount of foreign social security contributions when you calculate the amount to enter on line 30800 of your return. |
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| For provincial and territorial forms (excluding Quebec): | |||||||||||||||||
| • | Include the amount from line 13 when you calculate the amount to enter on line 58800 of your Form 428. | ||||||||||||||||
| • | If you are completing the provincial or territorial Schedule S11, include the amount from line 13 when you calculate any line that has line 58240 in the calculation. |
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| • | If you performed employment services in Quebec, contact Revenu Québec at revenuquebec.ca. | ||||||||||||||||
| If the amount you entered on line 12 is more than the amount you entered on line 13, you may choose to complete Part B on the next page. |
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| (1) If you started receiving CPP retirement benefits in 2023, your basic exemption may be prorated by the CRA. | |||||||||||||||||
| (2) Maximum CPP pensionable earnings and the basic exemption should be prorated according to the number of months entered on line A of Part A. See the monthly proration table above to find the amount that corresponds to the number of months entered on line A of Part A. |
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| RC269 E (23) | Page 3 of 4 | ||||||||||||||||