Skip to main content
Level 4
April 17, 2022
Question

CPP payable to CRA for self employed

  • April 17, 2022
  • 1 reply
  • 3 views

How can I find out CPP payments to CRA for self employed person? Where do I see the CPP remittance amount? 

 

Thanks very much in advance.

HB

This topic has been closed for replies.

1 reply

Level 7
April 18, 2022

The amount will be calculated in Part 4 of Schedule 8 in the tax return.  The full amount owing will show on line 42100 of the Jacket, and the deduction they get for 1/2 of the CPP will be on line 22200 of the Jacket.  The rate for an employee for CPP is 5.45% for 2021 - it is double that for a self-employed person.

HB_8888Author
Level 4
April 20, 2022

Thanks very much Janis!

 

Do you where can I enter lab charges, tool and material charges in T2125 for house inspections business?

 

Once again, I really appreciate your help Janis!

 

Hardeep

Level 7
April 20, 2022

I would just use the blank line below line 9936, under where it says "Capital cost allowance".  Each time you enter there, a new line will be created.  Make sure your tools are not capital.  CRA has a pretty good, plain English guide for reporting business income on their website, as well.