Why does the tax summary show a clawback amount when the clawback worksheet shows $0. None of the maximums on the Worksheet are exceeded.

[FrankD]

Total income 

1. Net employment earnings          534.30
2. Pension income                         8,189.16
3. Dividends, interest, and investment      9,288.52
4. Other income      1,057.85
5. Net self-employment income    14,472.62
6. Total income:     33,542.45

Deductions 

1. Union or professional dues and UCCB repayment 2,8541.00
2. Carrying charges, support, and other    10,954.87
3. Deduction for CPP/QPP/PPIP (self-empl.)          560.48

Net income:     19,173.10

Taxable income:     19,173.10

Federal non-refundable tax credits 

1. Personal amounts (taxpayer and spouse)    11,809.00
2. CPP/QPP and EI          569.60
3. Other amounts          534.30
4. Allowable medical expenses      5,515.29
5. Amounts multiplied by 15%:       2,764.23
6. Total federal non-refundable credits:       2,764.23

Refund or balance owing 

1. Basic federal tax                   -  
2. **** CPP, EI, and Social benefits repayment      1,120.95
3. Total payable:       1,120.95
4. CPP/QPP and EI overpayments               8.87
5. Other credits          776.32
6. Employee & partner GST/HST rebate            328.34
7. Total refundable tax credits:       1,113.53

Federal balance due:               7.42

[TurboTaxMonica2]

The line "CPP, EI, and Social benefits repayment" is actually a summation of several lines on the T1. Namely:

• Line 421 - CPP contributions payable on self-employment and other earnings,
• Line 422 - Social benefits repayment, and
• Line 430 - Employment insurance premiums payable on self-employment and other eligible earnings

[FrankD]

What bothers me is the word "repayment". Why is there a repayment amount when the worksheet says $0? I manually filled out the clawback worksheet and I got a $0 amount as well. Very strange.

[TurboTaxJennifer]

The word repayment refers only to "social benefits repayment". The figure you're seeing is only your CPP premiums due on self-employment from Schedule 8. It just happens to be lumped in with EI payable and social benefits repayment.

[TurboTaxJennifer]

The word repayment refers only to "social benefits repayment". The figure you're seeing is only your CPP premiums due on self-employment from Schedule 8. It just happens to be lumped in with EI payable and social benefits repayment on the summary line.