Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 

In my deductions summary there is an amount reflected under "Deduction for CPP/QPP/PPIP. where does this amount come from?

 
5 Replies

In my deductions summary there is an amount reflected under "Deduction for CPP/QPP/PPIP. where does this amount come from?

Line 22200 - Deduction for CPP or QPP contributions on self-employment and other earnings.  

 

Here is the link to CRA- https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-re...

bmcp
New Member

In my deductions summary there is an amount reflected under "Deduction for CPP/QPP/PPIP. where does this amount come from?

If it's the same problem as mine, the summary shows it as "Deduction for CPP/QPP/PPIP (self-empl.)", but I don't think that's correct.  If you check in the detailed tax summary (Menu item: Review > Bottom Line (Tax Summary) then find a link for "Detailed Tax Summary" halfway down the page), it's actually getting that amount from line 22215: "Deduction for CPP/QPP enhanced contributions on employment income".

 

Revenue Agency link for line 22215 

As of 2019, you can claim a deduction for the enhanced contributions on CPP and QPP pensionable earnings you contributed through your employment income.

Whether you contributed to the CPP or QPP, the maximum allowable claim is $80.85.

TurboTaxHeba
Intuit Alumni

In my deductions summary there is an amount reflected under "Deduction for CPP/QPP/PPIP. where does this amount come from?

CPP contributions were amended in 2019 and succeeding years for regular employment. The increases in the CPP contribution above the %4.95 rate can be claimed as a deduction with some conditions. If you have a T4, a portion of the CPP contribution may be qualified as a deduction. 

Please check the CRA link below:

https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/rc381.html

 

I hope this was helpful

 

 

In my deductions summary there is an amount reflected under "Deduction for CPP/QPP/PPIP. where does this amount come from?

The "Deduction for CPP/QPP/PPIP" amount is NOT carried forward from previous years.  There are no calculations involved, BUT the amount should show in the Detailed Summary when comparing current year to the past year....

In my deductions summary there is an amount reflected under "Deduction for CPP/QPP/PPIP. where does this amount come from?

@wagnerpa If you are not able to see this info, please contact our phone support team at 1-888-829-8608 as they will be better able to assist you.