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Do I have to pay CPP on self employment income. If no, how do I stop schedule 8 from calculating it?

I am 41. Can i opt out of CPP on self employed earnings.

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Accepted Solutions

Do I have to pay CPP on self employment income. If no, how do I stop schedule 8 from calculating it?

Thank you for your question.

If you didn't pay any contribution from a T4 slip, the schedule will be fill automatically from your t2125 form.

But if you paid the maximum on a T4 slip, the schedule 8 won't be fill.

Have a good day.

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1 Reply

Do I have to pay CPP on self employment income. If no, how do I stop schedule 8 from calculating it?

Thank you for your question.

If you didn't pay any contribution from a T4 slip, the schedule will be fill automatically from your t2125 form.

But if you paid the maximum on a T4 slip, the schedule 8 won't be fill.

Have a good day.