CPP - Retire who returned to work - CPT30 FederalYou are aged between 65 and 70 years and have returned to work. According to the new rules introduced by the CPP in 2012, you must contribute again.
However, you have the option of stopping payments of CPP contributions.
If you want to stop contributing to the CPP, you must complete "Form CPT30", give a copy to your employer(s) and mail the original to the Canada Revenue Agency.
This choice will be effective on the first day of the month following the date you gave a copy of Form CPT30 to your employer.
You must indicate the choice you made. To do so, please follow these steps:1 - On the "Left side menu of the Interview tab", select the "Controls".
2 - On the page that appears, go to the section "If you had employment earnings" and for the line "Did you make a CPT30 election for the current taxation year?", select "Yes" or "No" in the drop-down menu.If you did not make a choice, select "No" and click "Next" at the bottom of the page. However, if you want to stop contributing to the CPP and have completed the "Form CPT30", you must answer "Yes" for the second entry and in the drop-down menu, you must choose "Elect to stop contributing to the CPP" and enter the date of termination.
If you over-contributed to CPP, the Form T2204 ''Employee Overpayment of 2013 Canada Pension Plan Contributions'' will be generated by the program and will transfer the overpayment to line 44800 of the federal return, if applicable.
For more information on CPP changes, please visit the following links:
ID: 20211020101500DE.xml
Webpage: KPA310-20211020101500DE.htm