Stop Contributing to CPP error message

[UIBA]

Hello,

I am 69 years old, self employed, and wish to stop making contributions to CPP. I qualify according to CRA. 

I entered all the appropriate information under "Controls" (Yes, Elect to Stop Contributing, and 01-01-2021). BUT ... I get the following error message in the Review Section: "You entered a date to stop contributing to the CPP, or to revoke an election made in a prior year to stop contributing to the CPP, but you do not qualify to do this election. The date you entered has not been considered by UFile".  Also, the information is not being transferred to Schedule 8, and I am still charged CPP contributions.

I don't know how to fix this. I have been trying to fix it since Friday, with no luck. Please advise.

 

 

[syeda]

Hello, I am having the exact same issue and I am 67. How did you fix it?

[Papet]

Good day,

In order to make the election, you must be a working beneficiary, i.e. currently receiving CPP benefits.

There must be a T4A(P) page present in your Interview.

[Geo123]

Hello syeda,

As a CPP working beneficiary, you have to pay CPP contributions.

If you are at least 65 years of age, but under 70, you can elect to stop contributing to the CPP.

If you have both employment and self-employment income, you can elect to stop contributing to the CPP on any employment income earned outside Quebec by completing Form CPT30. Give a copy of Form CPT30 to all your employers and send the original to the Canada Revenue Agency.

The election takes effect on the first day of the month following the date you give a copy of the completed form CPT30 to your employer. This date applies to both your employment and self-employment income earned outside Quebec.

For more information on the changes to CPP rules, please visit the following links:

http://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/payroll-deductions-contributions/canada-pension-plan-cpp/changes-rules-deducting-canada-pension-plan-cpp-contributions.html

http://www.canada.ca/en/revenue-agency/news/newsroom/tax-tips/tax-tips-2013/workers-aged-60-over-make-sure-you-clear-on-cpp-contribution-rules.html

You must indicate this choice you have made. To do so, please follow these steps:

1 - In the "Left side menu on the Interview tab", select the "Controls".

2 - On the page that appears, go to the section "If you had employment earning''. For the line 'Did you make a CPT30 election for the current taxation year?'', select "Yes" option in the drop-down menu.

3 - For the line "If you answered Yes to the question above, enter the effective election date (01-mm-2018) to stop contributing to the CPP or to revoke an election made in a prior year to stop contributing to the CPP (from the CPT30 Part C)", select "Elect to stop contributing to the CPP" in the dropdown menu and in the field on the right, enter the date of your choice.

4 - Also, as a self-employed individual, you must answer the question "Do you want to stop contributing to the CPP on the self-employment income?" In your case, you must answer "Yes".

Schedule 8 will be generated by the program, on Part 3 the calculation of your contributions to the employment income will be made and the amount subject to the assessment will be entered on line 3, whereas in Part 5, the amount of your self-employment income will be entered on line 4 of Schedule 8.