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New Member
posted Jan 27, 2024 9:02:25 PM

I turned 65 in May and started collecting CPP but neglected to stop having premiums deducted until after reaching the yearly maximum. Can this overpayment be recovered?

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3 Replies
Moderator
Jan 28, 2024 10:10:51 AM

Are you using TurboTax CD/Download or TurboTax Online?

New Member
Jan 29, 2024 11:16:35 AM

I'm using the online version.

Moderator
Jan 29, 2024 12:12:48 PM

To let TurboTax Online know you have made the election to stop contributing to CPP, you’ll need to go to the T4A(P) page and say Yes to having completed form CPT30. It will then ask you for the date you made the election. Then when you click “Continue”, TurboTax will calculate the extra you paid and add it to your refund or subtract it from what you owe.