Quebec: self employed, you pay both individual and employer portion of QPP pension.

mortimer — Sun, 30 Mar 2025 23:53:18 GMT

It is my understanding that if you are self employed, you pay both individual and employer portion of QPP pension.

*Assumptions:

In 2024 the maximum pensionable earnings = $68,500
The self-employed contribution rate is 12.8%.
2024: The maximum self-employed contribution is $8,320.

If I test Intuit Tax on-line (Self employed/Canada) Turbo Tax comes up with 8,696.00

Prov: 445 QPP contribution on income from self-employment 8,696.00
Prov: 248 Deduction for QPP and CPP contributions and QPIP premiums 5,546.96
Fed: 22200 Deduction for CPP/QPP contributions on self-employment and other earnings... 5,186.00

*sources:
https://www.revenuquebec.ca/en/businesses/source-deductions-and-employer-contributions/calculating-source-deductions-and-employer-contributions/quebec-pension-plan-contributions/maximum-pensionable-salary-or-wages-and-contribution-rate/

https://www.sunlife.ca/workplace/en/group-retirement-services/news/legislation-updates/the-quebec-pension-plan-contributions-for-2024/

thank you,

Re: Quebec: self employed, you pay both individual and employer portion of QPP pension.

TurboTax_Susan — Fri, 04 Apr 2025 17:01:21 GMT

Please contact our phone support team as they will be able to assist you further.

Re: Quebec: self employed, you pay both individual and employer portion of QPP pension.

mortimer — Tue, 29 Apr 2025 15:06:14 GMT

ha ha. Totally given up on phone support. When I could get in touch with a live human, their training was extremely basic and they kept reading from a script. Hoping for better on the forums.

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Quebec: self employed, you pay both individual and employer portion of QPP pension.

Re: Quebec: self employed, you pay both individual and employer portion of QPP pension.

Re: Quebec: self employed, you pay both individual and employer portion of QPP pension.