Netfile fails when a self-employed taxpayer 65-70 who does not collect CPP elects to stop contributing to CPP. Sch8 Part 1 says you can elect to stop. How to fix?

Forum|Forum|1 year ago
May 7, 2024
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Schedule 8 Part 1 says "However, if you were at least 65 years of age, but under 70 years of age, you can elect to stop paying CPP contributions" Turbotax Netfile fails to allow this. CRA says you must be collecting CPP, but this is not true according the Schedule 8. TurboTax Netfile review requires me to fill out a CPT30 form which is irrelevant to self-employed people.

TurboTaxBrenda

Community Manager

On your T4A(P) you can elect directly there as shown in the screenshot below:

Thank you for choosing TurboTax.

EdWAuthor

You mention the T4A(P). That's the whole point here. There is NO T4A(P) because I have deferred collecting CPP benefits until later. Yet Schedule 8 clearly says in Part 1 you can "However, if you were at least 65 years of age, but under 70 years of age, you can elect to stop paying CPP contributions". TurboTax produces and ERROR in the Review stage and will not allow me to elect stopping to pay CPP premiums, unless I filled out a CPT30 which I can't because my income is ALL self-employed.

EdWAuthor

Also in the review, TurboTax review states "

You have entered an election date to stop contributing to the Canada Pension Plan (CPP) or a revocation date to re-start contributions. To be eligible for an election to stop or start contributing to CPP on self-employment income, you must be 65 to 69 years of age in the tax year, have self-employment income, and receive CPP or QPP retirement benefits." While Schule 8 states this, it ALSO states that everyone between 65 and 70 can elect not to pay CPP premiums. TurboTax does not allow for this.

Also in your reply to "Oldie" you pasted in, you state that I have to check "yes" to electing to stop contributing in a year prior to 2023, which is NOT true, so I can't do that.