RC381(Page 4-5) - fill out and auto calculate/complete form online

Protected B when completed

Part 3 – Calculating your CPP/QPP contributions on employment income

Enter your maximum CPP pensionable earnings from the monthly

proration table on page 2 using the number of months from line A of Part 2.

(maximum $66,600)

Enter your maximum QPP pensionable earnings from the monthly

proration table on page 2 using the number of months from line B of Part 2.

(maximum $66,600)

Total CPP pensionable earnings:

Enter the total from box 26 of all of your T4 slips (maximum $66,600 per slip) where the province

of employment is not Quebec (if box 26 is blank, enter the amount from box 14).

50339

Total QPP pensionable earnings:

Enter the total from box 26 of all of your T4 slips (maximum $66,600 per slip) where the province

of employment is Quebec (if box 26 is blank, enter the amount from box 14).

50329

Line 3 plus line 4

Total pensionable earnings

Canada Pension Plan

Enter the amount from line 3.

Enter the amount from line 5.

Line 6 divided by line 7 (calculated to the fifth decimal place)

Enter the amount from line 1.

Line 8 multiplied by line 9

Enter whichever is less: amount from line 3 or line 10.

Amount from line 8 (calculated to the fifth decimal place)

Enter your maximum basic CPP exemption
from the monthly proration table on page 2

using the number of months from line A of Part 2.

(maximum $3,500)

Line 12 multiplied by line 13

Basic exemption for CPP purposes

►

–

Earnings subject to CPP contributions:

Line 11 minus line 14 (if negative, enter "0")

Actual total contributions on CPP pensionable earnings:

Enter the total CPP contributions deducted from box 16 of all of your T4 slips.

50340

•16

Actual base contributions on CPP pensionable earnings:

Amount from line 16

x 83.1933% =

–

Actual enhanced contributions on CPP pensionable earnings:

Line 16 minus line 17

Required base contributions on CPP pensionable earnings:

Amount from line 15

x 4.95% =

(maximum $3,123.45)

Required enhanced contributions on CPP pensionable earnings:

Amount from line 15

x 1% =

(maximum $631.00)

Total required contributions on CPP pensionable earnings:

Line 19 plus line 20

RC381 E (23)

Page 4 of 12

Protected B when completed

Part 3 – Calculating your CPP/QPP contributions on employment income (continued)

Quebec Pension Plan

Enter the amount from line 2 of the previous page.

Enter the amount from line 10 of the previous page.

–

Line 22 minus line 23 (if negative, enter "0")

Enter whichever is less: amount from line 4 of the previous page or line 24.

Enter your maximum basic QPP exemption

from the monthly proration table on page 2

using the number of months from line B of Part 2.

(maximum $3,500)

Enter the amount from line 14 of the previous page.

–

Line 26 minus line 27

(if negative, enter "0")

Basic exemption for QPP purposes

►

–

Earnings subject to QPP contributions:

Line 25 minus line 28 (if negative, enter "0")

Actual total contributions on QPP pensionable earnings:

Enter the total QPP contributions deducted from box 17 of all of your T4 slips.

50330

•30

Actual base contributions on QPP pensionable earnings:

Amount from line 30

x 84.375% =

–

Actual enhanced contributions on QPP pensionable earnings:

Line 30 minus line 31

Required base contributions on QPP pensionable earnings:

Amount from line 29

x 5.4% =

(maximum $3,407.40)

Required enhanced contributions on QPP pensionable earnings:

Amount from line 29

x 1% =

(maximum $631.00)

Total required contributions on QPP pensionable earnings:

Line 33 plus line 34

Enter the amount from line 17 of the previous page.

Enter the amount from line 31.

Line 36 plus line 37

Actual total base contributions

►

Enter the amount from line 18 of the previous page.

Enter the amount from line 32.

Line 39 plus line 40

Actual total enhanced contributions

►

Line 38 plus line 41

Actual total contributions

Enter the amount from line 19 of the previous page.

Enter the amount from line 33.

Line 43 plus line 44

Required total base contributions

►

Enter the amount from line 20 of the previous page.

Enter the amount from line 34.

Line 46 plus line 47

Required total enhanced contributions

►

Line 45 plus line 48

Required total contributions

Enter the amount from line 42.

Enter the amount from line 49.

–

Line 50 minus line 51 (if negative, enter "0") ⁽³⁾

(3) If this amount is negative, you may be able to make additional contributions. For residents of a province or territory other
than Quebec, see Form CPT20, Election to Pay Canada Pension Plan Contributions. For residents of the province of
Quebec, see line 445 of the Revenu Québec Guide to the Income Tax Return.

RC381 E (23)

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