☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Oct 31, 2019 12:20:53 AM

Why do I show a cpp overpayment. I am 68 and still working and have not elected to stop paying cpp although I am already collecting it?

Turbo tax is treating cpp payment as an overpayment perhaps because the individual is 68, still working and collecting cpp.  Can't seem to change this unless I override?

0 1 1387
1 Replies
Level 15
Oct 31, 2019 12:20:54 AM

You shouldn't need to override here, doing so would make you ineligible for NetFile.

To make the election or enter the details of a previous election to stop paying CPP on your Self-Employed earnings using TurboTax Online or in the EasyStep view, go to Income > T-Slips > T4A(P) Canada Pension Plan Benefits.

On the T4A(P) - Summary screen, you can enter your information about previous elections or choose to stop contributing to CPP on your self-employment earnings. In your case, you need to ensure you have said "NO" to the question - "Did you elect to stop contributing to CPP on your self-employment earnings in a year prior to 2018?"

Also, make sure the CPP Exempt button is still set to NO on your T4.