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Level 2
February 27, 2025
Question

Box 26

  • February 27, 2025
  • 3 replies
  • 8 views

When I am filling in the boxes from my t4 to the easy form on turbo tax, on the left hand side I can see I am getting a refund, when I put the info into box 26 as indicated on my t4 it now shows I have to pay in. Please explain why as box 26 is not income. 

    3 replies

    TurboTax_Susan
    Alumni - Intuit
    February 27, 2025

    Box 26 is for CPP/QPP pensionable earnings. If you didn't pay enough into CPP/QPP, you would have to do so on your tax return, which can cause you to owe money to the CRA.

     

    Level 2
    February 28, 2025

    So if the fact of the matter is that there is no under payment with CPP it should not affect the refund amount you see before entering the amount from your T4 into box 26 correct?

    March 1, 2025

    As my colleague previously explained, Box 26 is the amount reported as the total amount of earnings subject to CPP/QPP contributions. Most earnings, such as regular pay, overtime, and allowances are pensionable earnings for the purposes of CPP/QPP.