Schedule 8(Page 4-5) - fill out and auto calculate/complete form online

Protected B when completed

Part 3 – Contributions and overpayment on employment income

Total CPP pensionable earnings from box 26 of all of your T4 slips (maximum $73,200 per slip)

50339

Enter whichever is less: amount from line 1 or line B of Part 2.

►

Amount from line C of Part 2

–

Earnings subject to second additional contributions:

Line 2 minus line 3 (if negative, enter "0")

►

–

Line 2 minus line 4 (if negative, enter "0")

Amount from line D of Part 2

–

Earnings subject to base and first additional contributions:

Line 5 minus line 6 (if negative, enter "0")

(maximum $65,000)

Total actual base and first additional contributions on CPP pensionable earnings from box 16

of all of your T4 slips

50340

• 8

Actual base contributions on CPP pensionable earnings:

amount from line 8

x 83.1933% =

–

Actual first additional contributions on CPP pensionable earnings:

Line 8 minus line 9

Required base contributions on CPP pensionable earnings:

amount from line 7

x 4.95% =

(maximum $3,217.50)

Required first additional contributions on CPP pensionable earnings:

amount from line 7

x 1% =

(maximum $650.00)

Required base and first additional contributions on pensionable earnings:

Line 11 plus line 12

Total actual second additional contributions on CPP pensionable earnings from box 16A of

all of your T4 slips

50341

•14

Required second additional contributions on CPP pensionable earnings:

amount from line 4

x 4% =

(maximum $188.00)

Amount from line 9

Amount from line 11

–

Line 16 minus line 17 (if negative, show in brackets)

Amount from line 10

Amount from line 12

–

Line 19 minus line 20 (if negative, show in brackets)

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Line 18 plus line 21 (if negative, show in brackets)

Amount from line 14

Amount from line 15

–

Line 23 minus line 24 (if negative, show in brackets)

►

Line 22 plus line 25 (if negative, show in brackets)

5000-S8 E (24)

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Protected B when completed

Part 3 – Contributions and overpayment on employment income (continued)

If you are self-employed or electing to pay additional CPP contributions on other earnings, continue at Part 5.
If, after completing Part 5, you calculate that the amounts on lines 37 and 48 of Part 5 are "0", follow the instructions below.

Tax credit, deduction, and overpayment for CPP contributions through employment income

If your earnings subject to contributions are from employment income only and line 26 is:

•

positive, complete Part 3a below

•

"0", complete Part 3b below

•

negative, you may be able to make additional CPP contributions (see Form CPT20, Election to Pay Canada Pension
Plan Contributions). If you choose to make additional contributions, continue at Part 5. If you are choosing not to make
an election, complete Part 3b below.

Part 3a – Amount from line 26 is positive

Base CPP contributions through employment income:
Enter the amount from line 17. Enter this amount (in dollars and cents) on line 30800 of your

return and line 58240 of your Form 428.

Amount from line 20

Amount from line 24, if any

Deduction for CPP enhanced contributions on employment income:
Line 28 plus line 29

Enter this amount (in dollars and cents) on line 22215 of your return.

CPP overpayment:

Enter the amount from line 26. Enter this amount (in dollars and cents) on line 44800 of your return.

Part 3b – Amount from line 26 is "0" or negative

Base CPP contributions through employment income:
If line 18 is positive or "0", enter the amount from line 17. If not, enter the amount from line 16.

Enter this amount (in dollars and cents) on line 30800 of your return and line 58240 of your Form 428

If line 21 is positive or "0", enter the amount from line 20 and continue at line 38.

If line 21 is negative:

Enter the amount from line 21 as a positive amount.

Enter the amount from line 19.

If line 18 is positive, enter whichever is less:

amount from line 18 or line 34. If not, enter "0".

Line 35 plus line 36

►

If line 25 is "0", enter the amount from line 24 (if any) and continue at line 43.

If line 25 is negative:

Enter the amount from line 25 as a positive amount.

Enter the amount from line 23.

If line 22 is positive, enter whichever is less:

amount from line 22 or line 39. If not, enter "0".

Line 40 plus line 41

►

Deduction for CPP enhanced contributions on employment income:
Add lines 33, 37, 38, and 42 (whichever apply).

Enter this amount (in dollars and cents) on line 22215 of your return.

5000-S8 E (24)

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