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Can I deduct cpp contributions?
CPP contributions have separate personal-return treatment.
↗ Review elsewhere on the return
CPP contributions have separate personal-return treatment.
CPP contributions have separate personal-return treatment. Do not assume a payment belongs in an ordinary T2125 expense category.
Records to keep
- The original bill or document, with date and amount.
- A note of the business purpose and any allocation calculation.
A common mistake
A category label alone does not establish eligibility. Review the facts before claiming.