Efile Error code #70448-CPP insurable earnings/overpayment

I've entered the CPP deductions & insurable earnings as given on all slips.
The system calculates a CPP overpayment but when efiling I get an error message:
CRA EFILE#70448 - T1 The CPP/QPP overpayment claimed at Field 448 is incorrect based on the entry for CPP/QPP pensionable earnings.

Will I require the employers to correct the T4 before filing??
Can I efile somehow?

Answer

Sylvie,

CRA Efile error 70448 The CPP/QPP overpayment claimed at Field 448 is incorrect based on the entry for CPP/QPP pensionable earnings at Field 5554.

This efile error is happening when taxpayers between the ages of 60-64 start collecting CPP in 2012. They also have T4 employment income. What happens is that a CPP refund gets calculated and posted to line 448. Then CRA rejects the efile because of this.

The error is as a result of the new rules regarding CPP and for taxpayers between the ages of 60-64.

What to do?

Let’s say that client has T4AP slip (Canada Pension) with 7 months of CPP collected.
On schedule T2204 line 2 basic exemption is $3500.
Here is the math:
 - 3500 X 5 ( number of months CPP was not collected) divided by 12 Equals 1458.33
 - Override line 2 to 1458.33

Different number of months CPP collected - different result.

If the return still does not go through:
- contact CRA to verify if the taxpayer has made the election for not to contribute CPP and what month it came into effect.
- also, make sure to update ProFile to the latest version 2012.4.5.

Hope the above helps.

Thank you.
Hardev
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