- PD24
Application for a Refund of Overdeducted CPP Contributions or EI Premiums
EI overpayment
If, during the year, you have overdeducted EI premiums from your employee (for example, the maximum amount of insurable earnings was reached, or the employee was not employed in insurable employment), you should reimburse the employee the amount deducted in error and adjust your payroll records to reflect the reduced deduction.
This will result in a credit on the CRA payroll account equal to the employee and employer portion of the overdeduction. You may reduce a future remittance in the same calendar year.
Do not include the reimbursed amount on the T4 Slip.
If you cannot refund the overpayment in the year it occured, show the total EI premiums deducted and the correct insurable earnings on the T4 Slip of the employee.
Once you have reported the employee's overpayment on the T4 Slip, you can ask us for a refund by completing PD24, Application for a Refund of Overdeducted CPP Contributions and/or EI Premiums.
Your request must be made no later than three years from the end of the year in which the overpayment occurred.
CPP overpayment
If, during a year, you have overdeducted CPP contributions from your employee's remuneration (for example, the maximum amount of pensionable earnings was reached, or the employee was not employed in pensionable employment), you should reimburse the employee the amount deducted in error and adjust your payroll records to reflect the reduced deduction.
This will result in a credit on the CRA payroll account equal to the employee and employer part of the overdeduction. You may then reduce a future remittance in the same calendar year.
Do not include the reimbursed amount on the T4 Slip.
If you cannot reimburse the overpayment, show the total CPP contributions deducted and the correct pensionable earnings on the employee's T4 Slip.
If you reported the employee's overpayment on the T4 Slip, you can ask for a refund by completing PD24, Application for a Refund of Overdeducted CPP Contributions and/or EI Premiums.
Your request must be made no later than four years from the end of the year in which the overpayment occurred.
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