Jump to content
Sign in to follow this  

CPP Overpayment from Employment & Self-Employment, Warning on Line 448

Recommended Posts

I changed jobs midway through 2014, and as a result have a significant CPP overpayment.


I also have a very small amount of self-employment income.  


When I enter the self-employment income, the CPP overpayment line goes blank on my Tax Results page, and I get the following "Warning:"


You have CPP contributions on self-employment and other earnings with CPP contributions on employment income. The result of the CPP contributions payable on self-employment and other earnings of Schedule 8 is negative. You may have an overpayment. In this situation, the CRA does not want an amount on line 448 and wants to calculate it for you.


At the bottom of the Tax Results page it says that I am eligible Netfile.  


However, my question is: If I submit my tax return through Netfile, will I be refunded the CPP overpayment automatically, or will they just send me the amount owing without the CPP overpayment, and I will have to file an adjustment?



Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

© 2013 ImpôtExpert, Thomson Reuters. Tous droits réservés. Politique de confidentialité
  • Create New...