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I turned 65 in May and started collecting CPP but neglected to stop having premiums deducted until after reaching the yearly maximum. Can this overpayment be recovered?
January 27, 2024
9:02 PM
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Seniors and students
Are you using TurboTax CD/Download or TurboTax Online?
January 28, 2024
10:10 AM
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Seniors and students
To let TurboTax Online know you have made the election to stop contributing to CPP, you’ll need to go to the T4A(P) page and say Yes to having completed form CPT30. It will then ask you for the date you made the election. Then when you click “Continue”, TurboTax will calculate the extra you paid and add it to your refund or subtract it from what you owe.
January 29, 2024
12:12 PM