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Troubleshooting
It seems the 2024 version of turbo tax is not calculating the CPP pensionable earnings. Therefore it needs to be entered manually. Until it is entered turbo tax will show a refund of CPP contributions. Therefore the amount owning or refund due is incorrect unit box 26 entered.
I had the same problem as you. I entered the values from my last pay stub and thought I was getting a refund. Then I entered the values from my T4 and ended up disappointed. It took a couple hours going through the forms with different values, to figure out why.
I can think of no reason why turbo tax can't do the CPP pensionable earnings calculation, so it must be a bug!
March 5, 2025
4:39 PM