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.)
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