Free untitled - Canada

T1-2009

Schedule 8

QPP Contributions on Self-Employment and Other Earnings
Complete this schedule to determine the amount of your Quebec Pension Plan (QPP) contributions if you reported net business income on line 164 of your income tax return for Quebec. Also use this schedule to calculate your optional QPP contributions. Attach a copy of this schedule to your return. See line 222 in the guide for more information. Net business income (amount from line 27 of Schedule L of your income tax return for Quebec; if this amount is negative, enter "0") Income on which you wish to make optional contributions (amount from line 2 of work chart 445 of your income tax return for Quebec)

371

1

373 + continue on next page

2

5005-S8 ­ 1

Amount from line 15 of work chart 445 of your income tax return for Quebec Add lines 1, 2, and 3 (maximum $46,300). Basic exemption Earnings subject to contribution: line 4 minus line 5 (if negative, enter "0") Multiply the amount on line 6 by 9.9% = Total contributions from line 98 of your income tax return for Quebec Line 7 minus line 8 (if negative, enter "0") Deduction and tax credit for QPP contributions on self-employment and other earnings: Amount from line 9

+ = ­ =

3 4 3,500 00 5 6 7

× 2 =

­ =

8 9

×

50% =

10

Enter the amount from line 10 on line 222 of your federal return and on line 310 of Schedule 1.

5005-S8 ­ 2