The CRA treats anyone working between the ages of 60 and 70 as a "working beneficiary" if they want to stop contributing. To qualify for the election to stop (using Schedule 8 for the self-employed or Form CPT30 for employees), you must meet these three conditions:
- You are at least 65 years of age but under 70.
- You are receiving a CPP or QPP retirement pension.
- You have pensionable earnings (self-employment or employment).
Since you stated you don't plan on starting CPP until 70, the CRA considers CPP contributions mandatory for you until that time. You cannot stop contributing simply because you reached age 65; the "stop" is an option provided specifically to those who are already drawing their pension.
- If you are self-employed only, use Schedule 8 only. Do not use form CPT30.
To fix this, follow these steps below:
Remove the Election Date: Go back to the CPP section (or Schedule 8 in Forms Mode) and delete the "June 2025" election date.
Adjust the Months: Ensure the "Number of months" for CPP calculations is set to 12 (or the software will automatically calculate it based on your full year of income).
Delete the Election Entry: If you checked a box saying you "elected to stop contributing," uncheck it.
Hope this helps!
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