Should CPP Exemption be prorated if age 60 and started drawing retirement benefit?
Individual is self-employed, age 60, drew CPP for one month during 2014. Still has to pay on earnings, as only 60. Schedule 8 is pro-rating the $3,500 basic CPP exemption, reducing it by the equivalent of 1/12th of the exemption (one month). Should it be? Is this a calculation error in Profile?