It is optional to add a new expense account for CPP2 to the Trial Balance or Income Statement as shown in row 87 in our example below. If you prefer, you can omit this step and use your existing CPP expense account.
For employers in Quebec, it is also also optional to add a new expense account for QPP2 to the Trial Balance or Income statement as shown in row 89. If you prefer, you can omit this step and use your existing QPP expense account.
