| Protected B when completed | |||||||||||||||||||||
Part 2 – Calculating your QPP contributions on employment income |
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| Enter your yearly maximum QPP pensionable earnings | |||||||||||||||||||||
| (see the monthly proration table on the previous page to find the amount | |||||||||||||||||||||
| that corresponds to the number of months entered in box A of Part 1). | (maximum $58,700) | 1 | |||||||||||||||||||
| Total QPP pensionable earnings: | |||||||||||||||||||||
| Enter the total of box 26 of all your T4 slips (maximum $58,700 per slip). | |||||||||||||||||||||
| If box 26 is blank, enter the amount from box 14. | 50329 | 2 | |||||||||||||||||||
| Enter the amount from line 1 or the amount from line 2, which ever is less. | 3 | ||||||||||||||||||||
| Enter your maximum basic QPP exemption (see the monthly proration table on the previous page to find the amount |
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| that corresponds to the number of months entered in box A of Part 1). | (maximum $3,500) | – | 4 | ||||||||||||||||||
| Earnings subject to QPP contributions: | |||||||||||||||||||||
| Line 3 minus line 4 (if negative, enter "0") | (maximum $55,200) | = | 5 | ||||||||||||||||||
| Actual total contributions on QPP pensionable earnings: | |||||||||||||||||||||
| Enter the total QPP contributions deducted from box 17 of all your T4 slips. | 50330 | • 6 | |||||||||||||||||||
| Actual base contributions on QPP pensionable earnings: | |||||||||||||||||||||
| amount from line 6 | x 94.7368% = | – | 7 | ||||||||||||||||||
| Actual enhanced contributions on QPP pensionable earnings: | |||||||||||||||||||||
| Line 6 minus line 7 | = | 8 | |||||||||||||||||||
| Required base contributions on QPP pensionable earnings: | |||||||||||||||||||||
| amount from line 5 | x 5.40% = | (maximum $2,980.80) | 9 | ||||||||||||||||||
| Required enhanced contributions on QPP pensionable earnings: | |||||||||||||||||||||
| amount from line 5 | x 0.3% = | (maximum $165.60) | + | 10 | |||||||||||||||||
| Total required contributions on QPP pensionable earnings: | |||||||||||||||||||||
| Add lines 9 and 10. | = | 11 | |||||||||||||||||||
| Enter the amount from line 6. | 12 | ||||||||||||||||||||
| Enter the amount from line 11. | – | 13 | |||||||||||||||||||
| Line 12 minus line 13 (if negative, enter "0") | = | 14 | |||||||||||||||||||
| If you are self-employed or you have other earnings on which you want to make optional QPP contributions, continue with Part 4. You may be able to make additional QPP contributions if the calculated amount from line 14 is negative. See line 445 of the Quebec provincial income tax guide. |
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| Note: | If you are completing Part 4, and you calculate that your self-employment and other earnings subject to contributions (line 19 of Part 4) are "0", report your QPP contributions as noted below. |
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| If your earnings subject to contributions are from employment only, claim the deduction and tax credit as follows: | |||||||||||||||||||||
| • | Enter the amount, in dollars and cents, from line 7 or line 9,whichever is less, on line 30800 of your return. | ||||||||||||||||||||
| • | Enter the amount, in dollars and cents, from line 8 or line 10, which ever is less, on line 22215 of your return. | ||||||||||||||||||||
| • | If the amount on line 14 is positive, see line 452 in your Quebec provincial income tax guide. | ||||||||||||||||||||
| 5005-S8 E (20) | Page 2 of 5 | ||||||||||||||||||||