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Canadian Income Tax and Benefit Return 2005

CPP Contributions on Self-Employment and Other Earnings Schedule 8

Complete this schedule to determine the amount of your Canada Pension Plan (CPP) contributions if applicable. See line 222 in the guide for more information.
Pensionable net self-employment earnings (amount 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) +273 2
Add lines 1 and 2 (if the result is negative enter "0") = 3
Enter the amount from box 26 (or if blank, box 14) on all T4 slips. (This amount already includes the amount entered on line 11 of Form CPT20, if it applies) + 4
Total pensionable earnings (add line 3 and 4) = 5
Basic exemption --------------- claim $3,500 - 6
Earnings subject to contributions: Line 5 minus line 6 (if negative enter "0") (maximum $37,600) = 7
Multiply the amount on line 7 by 9.9% = 8
Contributions through employment (from box 16 and 17 on all T4 slips) x 2 = - 9
CPP contributions payable on self-employment and other earnings: Line 8 minus line 9 (if negative enter "0"). Enter this amount on line 421 of your return. = 10
Deduction and tax credit for CPP contributions on self-employment and other earnings: Amount from line 10. Enter this amount on line 222 of your return and on line 310 of Schedule 1. x 50% = 11

T1 General
Federal Tax Schedule 1
Federal Amounts Transferred Schedule 2
Capital Gains Schedule 3
Investment Income Schedule 4
Details of Dependant Schedule 5
RRSP Unused Contributions Schedule 7
Donations and Gifts Schedule 9
Federal Tuition and Education Amounts Schedule 11
Ontario Tax ON428
Ontario Credits ON479
Provincial Tuition and Education Amounts ON(S11)

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