I am a self employed hair dresser and every year I owe CPP but this year my balance is $0 which I don't think is correct. Does anyone know what I am missing?
If your income from self-employment is under $3500 (and you had no employment income) you will have no CPP contributions to pay on it, as that is the basic exemption.
(When you print or save a pdf copy of your completed return, you will see the calculations on Schedule 8.)
If your income from self-employment is under $3500 (and you had no employment income) you will have no CPP contributions to pay on it, as that is the basic exemption.
(When you print or save a pdf copy of your completed return, you will see the calculations on Schedule 8.)
gregjp
Returning Member
rtax9
Returning Member
donawalt
New Member
PalpatablePalpatine
Returning Member
VeronicaW58
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.