Something seems to have changed with the way the T1 module handles CPP for a self employed taxpayer over 65 years old who has already stopped contributing to the Canada Pension Plan.
TaxCycle seems to want the client to start paying into the Canada Pension Plan again.
On the Schedule 8 Part 1, the year the client previously elected to stop paying into the Canada Pension Plan is not being carried forward from 2016. If you manually enter the year in that box (lets say you enter 2013) TaxCycle does not reduce the CPP due on self employed earnings to zero. If you enter any amount in box 372 (I elect to stop contributing to CPP) TaxCycle does not reduce the CPP due on self employed earnings either.
It seems that the number in box A in Part 2 is not changing from 12 months regardless of what I enter for the year of election or box 372. Where does TaxCycle pick up the 12 months in box A in Part 2 of the schedule from? (The number of months during which the CPP applies in 2017)
The only way I seem to be able to get the proper answer is to manually over-ride the 12 months in Box A but last year this seemed to work without over riding anything.
In this case the client’s date of birth is February 1946 and the election was filed in 2013
Can someone else confirm, or am I missing a check mark in another box somewhere?
I can’t seem to get it working even for an employee over 65 with T4 Employment Income if I put a date in the election to stop paying box.