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Line 308 - CPP or QPP contributions through employment
Your Canada Pension Plan (CPP) or Quebec Pension Plan (QPP) contributions are shown in boxes 16 and 17 of your T4, Statement of Remuneration Paid slip.
For 2006, the maximum amount of CPP or QPP contributions you are able to enter on line 308 of your Schedule 1, Federal Tax is $1,910.70.
| Topics for CPP or QPP contributions through employment | |
| Have you contributed too much? Find out how to calculate any excess amounts of CPP or QPP contributions that may have been deducted from your pay. |
Do you want to contribute more? Find out how to make additional CPP contributions. |
| Completing your tax return Find out how to claim, on your tax return, your CPP and QPP contributions paid through employment. |
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Frequently asked questions
I am a Registered Native. My income isn't taxable, but my T4 slip shows CPP contributions. Do I have to report them? Where do they go?
Income from employment or self-employment (a business) that is exempt from tax under section 87 of the Indian Act is also exempt from CPP contributions. However, an employer can elect to participate in the CPP. See Form CPT124, Application for Coverage of Employment of an Indian in Canada under the Canada Pension Plan whose income is exempt under the Income Tax Act.
You should report the amount of CPP withheld on your earnings at line 308 of the Schedule 1. You should also complete the corresponding line on your provincial or territorial tax form, or on your provincial tax return for Quebec if you lived in Quebec on December 31, 2006.
Forms and publications
- General Income Tax and Benefit Guide
- Schedule 1, Federal Tax
- Schedule 8, CPP/QPP Contributions on Self-Employment and Other Earnings
- Form T2204, Employee Overpayment of 2006 Canada Pension Plan Contributions and 2006 Employment Insurance Premiums
- Form CPT20, Election to Pay Canada Pension Plan Contributions
- Form CPT124, Application for Coverage of Employment of an Indian in Canada under the Canada Pension Plan whose income is exempt under the Income Tax Act
- Form T4, Statement of Remuneration Paid
Related topics
- Line 222 - Deduction for CPP or QPP contributions on
self-employment and other earnings - Line 310 - CPP or QPP contributions on self-employment and other earnings
- Line 448 - CPP Overpayment
- Human Resources and Skills Development Canada
- Aboriginal Peoples
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Date modified: 2007-01-02 |
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