Unless you are a resident of Québec, any excess CPP
premiums that you paid should be entered on line 448 of the tax
Any excess EI premiums should be entered on line 450 of the
federal tax return.
There may be a situation where the CPP or QPP and EI
premiums have been overpaid, even though the maximum amount of premium for the
year was not paid. If you are filing your tax return manually, you will
enter on lines 308 and 310 of schedule 1 the actual amounts of CPP or QPP and
EI premiums paid. It is not necessary to calculate the overpayment
yourself. When Canada Revenue Agency (CRA) receives your tax return, it
automatically calculates any overpayment and refunds it to you. If you
use tax software to file your return, any overpayment should automatically be
calculated, and entered on lines 448 for CPP and 450 for EI.
If there has been a ruling that your employment earnings
were not insurable or pensionable, and you have paid premiums for prior
taxation years for these earnings, your employer must issue a revised T4
showing zero insurable or pensionable earnings (if that is the case), but
showing the actual EI premiums or CPP contributions paid . You must then
amend your previously filed tax returns based
on the revised T4s, which will trigger a refund. See our article for
businesses on recovering
overpaid EI premiums or CPP contributions.
CRA has a form on which you can calculate your
overpayments, if desired. It is form T2204
- Employee overpayments of CPP contributions and EI premiums. This
form would be submitted with your tax return.
For more information on and annual maximums for CPP, QPP
and EI premiums, see our CPP and EI page.
Québec residents - CPP/QPP overpayments
Québec residents will claim any overpayment of CPP or QPP on
line 452 of the Québec tax return. If CPP or QPP has been overpaid,
even though the maximum amount of premium for the year was not paid, Revenue Québec
will calculate the overpayment. To ensure that they calculate
the overpayment properly, the total CPP and QPP must be entered on line 98 of
the Québec income tax return.