5000-S8 (Page 1 of 3) Protected B when completed T1-2017 Schedule 8 Canada Pension Plan Contributions and Overpayment for 2017 Complete this schedule to calculate your required Canada Pension Plan (CPP) contributions or overpayment for 2017 if you were a resident of a province or territory other than Quebec on December 31, 2017, and have no earned income from the province of Quebec. Do not use this schedule if any of your T4 slips have Quebec Pension Plan (QPP) contributions. Instead complete Form RC381, Inter-provincial calculation for CPP and QPP contributions and overpayments for 2017. Part 1 - If you were 60 to 70 years of age, you received a CPP or QPP retirement pension, and you had employment and/or self-employment income, you were considered a CPP working beneficiary and had to make CPP contributions. However, if you were at least 65 years of age but under 70, you can elect to stop paying CPP contributions. Read Part 1 of this schedule. Part 2 - Complete this part to determine the number of months for the CPP calculation. Part 3 – Complete this part to calculate your CPP contributions and any overpayment of CPP made through employment. If you are reporting self- employment or elective income and employment income, you must complete Part 5. Part 4 or Part 5 - Complete one of these parts to calculate your CPP contributions if: - you reported self-employment income on lines 135 to 143 of your return; - you reported business or professional income from a partnership on line 122 of your return; or - you made an election on Form CPT20 to pay additional CPP contributions on other earnings. For more information, see line 222 in the guide. Complete Part 4 if you are reporting only self-employment or elective income. Complete Part 5 if you are reporting self-employment or elective income and employment income. You must first complete Part 3. Attach a copy of this schedule to your return. Part 1 - Election to stop contributing to the Canada Pension Plan or revocation of a prior election If in 2017 you were 60 to 70 years of age, you received a CPP or QPP retirement pension, and you had employment and/or self-employment income, you were considered a CPP working beneficiary and you were required to make CPP contributions. However, if you were at least 65 years of age but under 70, you can elect to stop paying CPP contributions. If you have employment income for 2017 and elected in 2017 to stop paying CPP contributions or revoked in 2017 an election made in a prior year, you should have already completed Form CPT30, Election to Stop Contributing to the Canada Pension Plan, or Revocation of a Prior Election, and sent it to us and your employer(s). If you had only self-employment income for 2017 and elect in 2017 to stop paying CPP contributions on your self-employment earnings, enter the month in 2017 for which you choose to start this election in box 372 below. The date cannot be earlier than the month you turn 65 and you are receiving a CPP or QPP retirement pension. For example, if you turn 65 in June, you can choose any month from June to December. If you choose the month of June, enter 06 in box 372 because June is the sixth month of the year. If in 2017 you are revoking an election made in a prior year on contributions on self-employment earnings, enter the month in 2017 for which you choose to revoke this election in box 374 below. Your election remains valid until you revoke it or you turn 70. If you start receiving employment income (other than employment income earned in Quebec) in a future year, you will have to complete Form CPT30 in that year for your election to remain valid. If you had both employment income and self-employment income in 2017 and wanted to elect to stop paying CPP contributions in 2017, or to revoke in 2017 an election made in a prior year, you should have completed Form CPT30 in 2017. An election filed using Form CPT30 applies to all income from pensionable earnings, including self-employment earnings, as of the first day of the month after the date you gave this form to your employer. If you completed and submitted Form CPT30 when you became employed in 2017, but your intent was to elect in 2017 to stop paying CPP contributions or revoke an election made in a prior year on your self-employment income before you became employed, enter the month you want to stop contributing in box 372 below, or if you want to revoke in 2017 an election made in a prior year, enter the month you want to resume contributing in box 374 below. If you did not complete and submit Form CPT30 for 2017 when you became employed, you cannot elect to stop paying CPP contributions or revoke an election made in a prior year on your self-employment earnings for 2017 on this schedule. To be valid, an election or revocation that begins in 2017 must be filed on or before June 15, 2019. Box 372: I elect to stop contributing to the Canada Pension Plan on my self- employment earnings on the first day of the month that I entered in box 372. Month ^ Box 374: 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. Month ^ 5000-S8 (Page 2 of 3) Part 2 - Determine the number of months for the CPP calculation Enter 12 in box A unless one or more of the situations below apply. - If you turned 18 years of age in 2017, enter the number of months in the year after the month you turned 18. - If for all of 2017 you were receiving a CPP or QPP disability pension, enter "0". If you started or stopped receiving a CPP or QPP disability pension in 2017, enter the number of months during which you were not receiving a disability pension. - If you were 65 to 70 years of age in 2017, you were receiving a CPP or QPP retirement pension, and you elected to stop paying CPP contributions in 2017, enter the number of months in the year up to and including the month you made the election. If you had self-employment income in 2017 and have an entry in box 372, enter the number of months in the year prior to the month you entered in box 372. - If you were 65 to 70 years of age in 2017, you were receiving a CPP or QPP retirement pension, you elected to stop paying CPP contributions in a prior year, and you have not revoked that election, enter "0". - If you were 65 to 70 years of age in 2017, you were receiving a CPP or QPP retirement pension, you elected to stop paying CPP contributions in a prior year, and you revoked that election in 2017, enter the number of months in the year after the month you revoked the election. If you had self-employment income in 2017 and have an entry in box 374, enter the number of months in the year after and including the month you entered in box 374. - If you turned 70 years of age in 2017 and you did not elect to stop paying CPP contributions, enter the number of months in the year up to and including the month you turned 70 years of age. - If for all of 2017 you were 70 years of age or older, enter "0". - If the individual died in 2017, enter the number of months in the year up to and including the month the individual died. Box A: Enter the number of months during which the CPP applies in 2017. ^ Part 3 - Calculating your CPP contributions and overpayment on employment income Line 1: 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 $55,300) ^ Total CPP pensionable earnings Line 2 and line 5549: Enter the total of box 26 of all your T4 slips (maximum $55,300 per slip). If box 26 is blank, use box 14. ^ Line 3: Enter the amount from line 1 or the amount from line 2, whichever is less. (maximum $55,300) ^ Line 4: 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) ^ Line 5: Earnings subject to CPP contributions: Line 3 minus line 4 (if negative, enter "0") (maximum $51,800) = ^ Line 6 and line 5034: Actual CPP contributions: Enter the total CPP contributions deducted from box 16 of all your T4 slips. ^ Line 7: Required contributions on CPP pensionable earnings: Multiply the amount from line 5 by 4.95%. (maximum $2,564.10) ^ Line 8: Line 6 minus line 7 (if negative, enter "0") CPP overpayment = ^ 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 48 of the General Income Tax and Benefit Guide. Monthly proration table for 2017 Part 3 Applicable number of months: 1 Line 1 Maximum CPP pensionable earnings: $4,608.33 Line 4 Maximum basic CPP exemption*: $291.67 Applicable number of months: 2 Line 1 Maximum CPP pensionable earnings: $9,216.67 Line 4 Maximum basic CPP exemption*: $583.33 Applicable number of months: 3 Line 1 Maximum CPP pensionable earnings: $13,825.00 Line 4 Maximum basic CPP exemption*: $875.00 Applicable number of months: 4 Line 1 Maximum CPP pensionable earnings: $18,433.33 Line 4 Maximum basic CPP exemption*: $1,166.67 Applicable number of months: 5 Line 1 Maximum CPP pensionable earnings: $23,041.67 Line 4 Maximum basic CPP exemption*: $1,458.33 Applicable number of months: 6 Line 1 Maximum CPP pensionable earnings: $27,650.00 Line 4 Maximum basic CPP exemption*: $1,750.00 Applicable number of months: 7 Line 1 Maximum CPP pensionable earnings: $32,258.33 Line 4 Maximum basic CPP exemption*: $2,041.67 Applicable number of months: 8 Line 1 Maximum CPP pensionable earnings: $36,866.67 Line 4 Maximum basic CPP exemption*: $2,333.33 Applicable number of months: 9 Line 1 Maximum CPP pensionable earnings: $41,475.00 Line 4 Maximum basic CPP exemption*: $2,625.00 Applicable number of months: 10 Line 1 Maximum CPP pensionable earnings: $46.083.33 Line 4 Maximum basic CPP exemption*: $2,916.67 Applicable number of months: 11 Line 1 Maximum CPP pensionable earnings: $50,691.67 Line 4 Maximum basic CPP exemption*: $3,208.33 Applicable number of months: 12 Line 1 Maximum CPP pensionable earnings: $55,300.00 Line 4 Maximum basic CPP exemption*: $3,500.00 * If you started receiving CPP retirement benefits in 2017, your basic exemption may be prorated by the CRA. 5000-S8 (Page 3 of 3) Part 4 - CPP contributions on self-employment and other earnings ONLY (no employment income) Line 1: Pensonable net self-employment earnings* (amounts from line 122 and lines 135 to 143 of your return) ^ Line 2 and line 373: Employment earnings not shown on a T4 slip on which you elect to pay additional CPP contributions (attach Form CPT20) ^ Line 3: Add lines 1 and 2 (if negative enter "0"). CPP pensionable earnings (maximum $55,300)* = ^ Line 4: Basic exemption (maximum $3,500)* ^ * 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 2017). Line 5: Line 3 minus line 4 (maximum $51,800) = ^ Line 6: CPP rate 9.9% CPP contributions payable on self-employment and other earnings: Line 7: Multiply line 5 by line 6. Enter this amount on line 421 of your return. = ^ Deduction and tax credit for CPP contributions on self-employment and other earnings: Line 8: Multiply the amount from line 7 by 50%. = ^ Enter the amount from line 8 on line 222 of your return and on line 310 of Schedule 1. Part 5 - CPP contributions on self-employment and other earnings when you have employment income Line 1: Pensionable net self-employment earnings* (amounts from line 122 and lines 135 to 143 of your return) ^ * 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 2017). Line 2 and line 373: Employment earnings not shown on a T4 slip on which you elect to pay additional CPP contributions (attach Form CPT20) ^ Line 3 and line 399: Employment earnings shown on a T4 slip on which you elect to pay additional CPP contributions, line 12 of Form CPT20 (attach Form CPT20) ^ Line 4: Add lines 1, 2, and 3. = ^ Line 5: Enter the amount from line 6 of Part 3. Actual CPP contributions ^ Line 6: 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. ^ Line 7: Enter the amount from line 7 of Part 3. ^ Line 8: Line 6 minus line 7 (if negative, enter "0") = ^ Line 9: Line 5 minus line 8 (if negative, enter "0") = ^ Line 10: Multiply the amount from line 9 by 20.202. = ^ Line 11: Enter the amount from line 1 of Part 3. CPP pensionable earnings (maximum $55,300) ^ Line 12: Enter the amount from line 4 of Part 3. Basic exemption (maximum $3,500) ^ Line 13: Line 11 minus line 12 (if negative, enter "0") (maximum $51,800) = ^ Line 14: Enter the amount from line 10. ^ Line 15: Line 13 minus line 14 (if negative, enter "0") = ^ Line 16: Enter the amount from line 4 or line 15, whichever is less. ^ 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 17: Line 4 of Part 3 minus line 2 of Part 3 ^ Line 18: Line 4 minus line 13 (if negative, enter "0") ^ Line 19: Line 17 minus line 18 (if negative, enter "0") = ^ Line 20: Earnings subject to contributions: line 16 minus line 19 (if negative, enter "0") = ^ Line 21: Multiply the amount from line 20 by 9.9%. = ^ Line 22: Multiply the amount from line 8 of Part 3 (if positive only) by 2. ^ CPP contributions payable on self-employment and other earnings: Line 23: Line 21 minus line 22 (if negative, enter "0"). Enter this amount on line 421 of your return.** = ^ ** If the result on line 23 is negative, you may have an overpayment. If so, we will calculate it for you. Deduction and tax credit for CPP contributions on self-employment and other earnings: Line 24: Multiply the amount from line 23 by 50%. = ^ Enter the amount from line 24 on line 222 of your return and on line 310 of Schedule 1. See the privacy notice on your return.