Question

Why Turbotax doesn't calculate CPP overpayment?

Forum|Forum|1 year ago
April 30, 2024
2 replies
0 views

I live in BC, but work in Quebec, as such I get QPP deducted instead of CPP. My QPP contribution ($4,038.40) is greater than the max CPP contribution ($3,754.45), but Turbotax is not calculating the CPP overpayment. Note that the EI/QPIP overpayment was calculated correctly.

Not A Product Question

S

sarac1

Hi there!

Hope you are doing well. That is a fantastic question! As you live in BC while working in Quebec, I am going to make the assumption that you work remotely. As of this, taxes are collected based on your employer's province but payable based on the province where you reside in, which is BC. The overpayment will get rectified once you submit your 2023 tax return.

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imvo101Author

This is correct, but unfortunately doesn't answer the question. Why is Turbotax adjusting income taxes overpaid including EI/QPIP, but not CPP/QPP.

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TurboTaxBrenda

Can you please make sure that you entered your province as BC and your T4 you entered Quebec.

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TurboTaxBrenda

Line 49 is the sum of lines 45 & 48 which equals $4038.40, that form is correct.

Go to the left-hand side of your return and click on the drop-down arrow below the amount of refund/owing you have- then choose View detailed tax summary line 44800- CPP overpayment.

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imvo101Author

Line 44800 isn't shown. but I do see line 45000 for Employment insurance overpayment $228.14. As I mentioned, income tax and EI are adjusted correctly, but not CPP.