QPP Contribution Payable by a Self-Employed Person or a Member of a Partnership
If you earned income as a self-employed person or as a person responsible for a family-type resource and you meet all the conditions below, complete Part C of Schedule U to calculate the Québec Pension Plan (QPP) contribution you must make on your income from self-employment.
- You earned one of the following:
- income from self-employment (line 27 of Schedule L);
- income as a person responsible for a family-type resource or an intermediate resource (line 40 of Schedule L if you received an RL-29 slip; line 27 of Schedule L if you did not);
- employment income on which you want to make an optional contribution.
- You did not enter an amount on line 96, 96.1 or 96.2 of your income tax return.
- The amounts you entered on lines 98 and 98.2 of your return total less than $4,348.
- You did not elect, in a previous year, to stop making QPP contributions on your income from self-employment or your income as a person responsible for a family-type resource or an intermediate resource.
If you entered an amount on line 96, 96.1 or 96.2, complete form LE-35-V, Contribution and Deduction Related to the QPP or the CPP, to calculate the QPP contribution you must make on your income from self-employment. Do not submit the form with your return. Keep it in your files.
Maximum pensionable earnings and QPP contribution rate
For 2024, the basic QPP contribution rate remained at 10.8%, and the first additional QPP contribution rate remained at 2%. The second additional QPP contribution rate (applicable only to salaries and wages that fall between the maximum pensionable earnings and the additional maximum pensionable earnings) is 8%. The maximum pensionable earnings for the purpose of the QPP increased to $68,500.
For 2025, the basic QPP contribution rate will remain at 10.8%, and the first additional QPP contribution rate will remain at 2%. The second additional QPP contribution rate (applicable only to salaries and wages that fall between the maximum pensionable earnings and the additional maximum pensionable earnings) will remain at 8%. The maximum pensionable earnings under the QPP will be $71,300 and the additional maximum pensionable earnings will be $81,200.
Effective January 1, 2024, workers 65 or older can choose to stop contributing to the Québec Pension Plan (QPP), provided they receive a QPP or Canada Pension Plan (CPP) retirement pension.
In addition, the obligation to contribute to the QPP has ended for workers over 72, for all workers subject to the contribution provided for by the Act respecting the Québec Pension Plan.
For details, see the Tax News article.