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T1 - Canada Pension Plan Calculator

Contributions and Overpayment for 2024

The tables below calculate contributions or overpayments to the Canada Pension Plan (CPP).

It is relevent to to people who were residents of a province or territory on December 31 2024.

This is not relevant to residents of Quebec, or if earned income was recieved from Quebec during 2024, and if any T4 slips have Quebec Pension Plan (QPP) contributions

This calculator comprises 5 parts, as below:

Part 1 is for residents who were 65 to 70 years old, and recieved a CPP or QPP retirement pension and had employed/self-employed income. You can elect to stop paying CPP if you were at least 65 years of age but under 70 (see part 1 below)

Part 2 determines the number of months for the CPP calculation.

Part 3 calculates CPP contributions/overpayment of CPP made through employment if not self-employed

Part 4 is for reporting self-employment or elective income only.

Part 5 is for reporting self-employment or elective income and employment income (first complete Part 3).

T1-2024 Canada Pension Plan Contributions and Overpayment for 2024
Part 1 - Election to stop contributing to the Canada Pension Plan or revocation of a prior election
If you were at least 65 years of age but under 70, you can elect to stop paying CPP contributions.
I elect to stop contributing to the Canada Pension Plan on my self-employment earnings on 372 the first day of the month that I entered in box 372.372Month
I want to revoke an election made in a prior year to stop contributing to the Canada Pension Plan on my self-employment earnings and resume contributing on the first day of the month that I entered in box 374.374Month
Part 2 - Determine the number of months for the CPP calculation
Select the relevant comment from the list below:
None of the statements below is relevant to me
I turned 18 years of age in 2024
I was receiving a CPP or QPP disability pension for all of 2024
I received CPP or QPP disability pension for part of 2024
I am entering details for someone who died in 2024
The following statements are relevant if you were 65 to 70 years of age in 2024:
I was receiving a CPP or QPP Retirement pension and I elected to stop paying CPP contributions in 2024
I had self-employment income in 2024 and have an entry in box 372
I was receiving a CPP/QPP retirement pension and had elected to stop paying CCP contributions in a previous year, but revoked that election in 2024
I had self-employment income in 2024 and have an entry in box 374
I turned 70 years of age in 2024 and did not elect to stop paying CPP contributions
I was 70 years old or older for all of 2024
The number of months resulting from your selection =
Part 3 - Calculating your CPP contributions and overpayment on employment income
DetailsCommentsRefAmounts.No.
Enter your yearly maximum CPP pensionable earnings (see the monthly proration table below to find the amount that corresponds to the number of months entered in box A of Part 2).(maximum $53,600)1
Total CPP pensionable earnings. Enter the total of box 26 of all your T4 slips (maximum $53,600 per slip). If box 26 is blank, use box 14.55492
Enter the amount from line 1 or the amount from line 2, whichever is less.(maximum $53,600)3
Enter your maximum basic CPP exemption (see the monthly proration table below to find the amount that corresponds to the number of months entered in box A of Part 2).(maximum $3,500)*-4
Earnings subject to CPP contributions: Line 3 minus line 4 (if negative, enter "0")(maximum $50,100)=5
Actual CPP contributions: Enter the total CPP contributions deducted from box 16 of all your T4 slips.5034o6
Required contributions on CPP pensionable earnings: Multiply the amount from line 5 by 4.95%.(maximum $2,479.95)-7
Line 6 minus line 7 (if negative, enter "0")CPP overpayment=8
If you are self-employed and/or you are electing to pay additional CPP contributions on other earnings, enter the amount from line 6 on line 308 of your Schedule 1 and, if applicable, on line 5824 of Form 428. Then continue with Part 5.
Otherwise, enter the amount from line 6 or line 7, whichever is less, on line 308 of your Schedule 1 and, if applicable, on line 5824 of Form 428. If the amount from line 8 is positive, enter it on line 448 of your return. If the amount from line 8 is negative, you may be able to make additional CPP contributions; see "Making additional CPP contributions" on page 46 of the General Income Tax and Benefit Guide.
* If you started receiving CPP retirement benefits in 2024, your basic exemption may be prorated by the CRA.
Monthly proration table for 2024
Part 3Part 3 continued
Applicable number of monthsLine 1. Maximum CPP pensionable earningsLine 4. Maximum basic CPP exemptionApplicable number of monthsLine 1. Maximum CPP pensionable earningsLine 4. Maximum basic CPP exemption
1$4,466.67$291.677$31,266.67$2,041.67
2$8,933.33$583.338$35,733.33$2,333.33
3$13,400.00$875.009$40,200.00$2,625.00
4$17,866.67$1,166.6710$44,666.67$2,916.67
5$22,333.33$1,458.3311$49,133.33$3,208.33
6$26,800.00$1,750.0012$53,600.00$3,500.00
Part 4 - CPP contributions on self-employment and other earnings ONLY (no employment income)
DetailsCommentsRefAmounts.No.
Pensionable net self-employment earnings* (amounts from line 122 and lines 135 to 143 of your return)1
Employment earnings not shown on a T4 slip on which you elect to pay additional CPP contributions (attach Form CPT20)373+2
Add lines 1 and 2 (if negative enter "0").CPP pensionable earnings (maximum $53,600)*=3
Basic Exemption:(maximum $3,500)*-4
Line 3 minus line 4:(maximum $50,100)=5
CPP rate x%6
CPP contributions payable on self-employment and other earnings: Multiply line 5 by line 6. Enter this amount on line 421 of your return.=7
Deduction and tax credit for CPP contributions on self-employment and other earnings: Multiply the amount from line 7 by 50%.8
Enter the amount from line 8 on line 222 of your return and on line 310 of Schedule 1.
* Self-employment earnings, CPP pensionable earnings, and the basic exemption should be prorated according to the number of months entered in box A of Part 2 (do not prorate the self-employment earnings if the individual died in 2024).
Part 5 - CPP contributions on self-employment and other earnings when you have employment income
Pensionable net self-employment earnings* (amounts from line 122 and lines 135 to 143 of your return)1
Employment earnings not shown on a T4 slip on which you elect to pay additional CPP contributions (attach Form CPT20)373+2
Employment earnings shown on a T4 slip on which you elect to pay additional CPP contributions, line 12 of Form CPT20 (attach Form CPT20)399+3
Add lines 1, 2, and 3.=4
Enter the amount from line 6 of Part 3.Actual CPP contributions5
If the amount on line 8 of Part 3 is positive, complete lines 6 to 8. Otherwise, enter "0" on line 8 and continue on line 9.
Enter the amount from line 5 above.6
Enter the amount from line 7 of Part 3.-7
Line 6 minus line 7 (if negative, enter "0")=-8
Line 5 minus line 8 (if negative, enter "0")=9
Multiply the amount from line 9 by 20.202.10
Enter the amount from line 1 of Part 3.CPP pensionable earnings (maximum $53,600)11
Enter the amount from line 4 of Part 3.Basic exemption (maximum $3,500)-12
Line 11 minus line 12 (if negative, enter "0")(maximum $50,100)=13
Enter the amount from line 10.-14
Line 13 minus line 14 (if negative, enter "0")=15
Enter the amount from line 4 or line 15, whichever is less.16
If the amount on line 2 of Part 3 is less than the amount on line 4 of Part 3, complete lines 17 to 19. Otherwise, enter "0" on line 19 and continue on line 20.
Line 4 of Part 3 minus line 2 of Part 317
Line 4 minus line 13 (if negative, enter "0")-18
Line 17 minus line 18 (if negative, enter "0")=-19
Earnings subject to contributions: line 16 minus line 19 (if negative, enter "0")=20
Multiply the amount from line 20 by 9.9%.21
Multiply the amount from line 8 of Part 3 (if positive only) by 2.-22
CPP contributions payable on self-employment and other earnings: Line 21 minus line 22 (if negative, enter "0"). Enter this amount on line 421 of your return. **23
Deduction and tax credit for CPP contributions on self-employment and other earnings: Multiply the amount from line 23 by 50%.24
Enter the amount from line 24 on line 222 of your return and on line 310 of Schedule 1.
* Self-employment earnings should be prorated according to the number of months entered in box A of Part 2 (do not prorate the self-employment earnings if the individual died in 2024).
** If the result on line 23 is negative, you may have an overpayment. If so, we will calculate it for you