The CPP and the QPP have different base contribution rates. The Canada Revenue Agency (CRA) must be able to calculateyour CPP and QPP contributions separately using the applicable rate(s). The CRA will use the information from this form to calculate the portion of the yearly basic exemption ...
The CPP and the QPP have different base contribution rates. The Canada Revenue Agency (CRA) must be able to calculateyour CPP and QPP contributions separately using the applicable rate(s). The CRA will use the information from this form to calculate the portion of the yearly basic exemption ...
(maximum $63,100) = 5 QPP contribution rate x 12.8% 6 Line 5 multiplied by the percentage from line 6 = 7 Deduction and tax credit for QPP contributions on self-employment incomeand other earnings Required base contributions on QPP pensionable earnings: Amount from line 7 x 84.375% = – ...