Yes but only 2024.1 and later.

I have 2024.1 and the CPP2 is not calculating as per the CRA payroll calculator does calculate on the amounts I entered. Any suggestions?

Are you saying you have paid some a total of more than $68,500 so far this year?

See this CRA CPP website.

I was able to manual enter via an individual paycheck but not if I pay multiple employees. Not sure if you are a client or are with Sage Richard.  

You didn't answer my question.

Can you explain your understanding of how CPP2 works?

So does it calculate it once the threshold is reached?  That sounds logical, but looking for confirmation

Yes, once the CPP threshold is reached and the employee is paid more above that first level.  The CRA website link I provided above has the information.  There is a link to the calculations for CPP2 at the right of the first page.