CPP Overpayment

What happens when there is a CPP overpayment?  I know if not adjusted the employees will get their overpayment back on their tax return, but what about the employer's overpayment?  Does CRA credit the payroll account for this?

This feels like a stupid question! 

Parents
  • She actually didnt' work for the whole year until I hired her in August 2011.  And I don't use the PIER report.  Simply auto deduct and I remit using the Remittance Summary.  Maybe her exemption is only for August-December which is only 5/12 months which is 5/12x$3500? I always thought she would be exempted the whole $3500 from her gross income, maybe I am wrong...

Reply
  • She actually didnt' work for the whole year until I hired her in August 2011.  And I don't use the PIER report.  Simply auto deduct and I remit using the Remittance Summary.  Maybe her exemption is only for August-December which is only 5/12 months which is 5/12x$3500? I always thought she would be exempted the whole $3500 from her gross income, maybe I am wrong...

Children
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