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T4's & Accpac - Frequenty Asked Questions

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Enter a Transaction History entry - ensure the date is in the correct year - on the Taxes tab - enter INCTAX, and under the column ‘Earnings Before Deductions', enter the amount of the adjustment you want in box 14. (positive amount for an increase, negative amount for a decrease)

2.      How do I add a benefit amount for Box 40?

Create an Earning / Deduction code as a Non-cash Benefit and assign it to Box 40-Other Taxable Benefits in the T4 Reporting field.  Then enter a Transaction History entry using this code on the Earnings/Deductions tab.  Enter the amount of the benefit in the ‘Employer Extended Amount' column.  (Note - if you also want the benefit amount to be added to box 14 see question 1 above)

3.      Where do I enter the RPP number I need for Box 50?

Under Payroll Employees, on the Class/Sched tab - there is a field labeled RPP Number.  Fill in this field for each employee belonging to the plan.

4.       How do I get my Business Number or Payroll Account Number to show up in Box 54?  Why does it show up on some copies of the T4 and not others?

Under Payroll Setup / Income taxes, select EIR1.  Enter your business number under the Reporting ID field.  This account number will show up on the Employer copy and the CRA copy of the T4 slip.  It will not (and should not) show up on the Employee copies of the T4. 

5.       Why is box 24, EI Insurable Earnings, and box 26, CPP Pensionable Earnings, blank on some of my employee's T4 slips?

Box 24 - There are three reasons Box 24 may be blank:

a) There are no insurable earnings

b) Insurable earnings are the same as the employment income in box 14 (exception - when employer issues more than one T4 to the same employee due to employment in different provinces)

c) Insurable earnings are over the maximum for the year (exception - special situations - see http://www.cra-arc.gc.ca/tx/bsnss/tpcs/pyrll/rtrns/t4/spcl/menu-eng.html)

Box 26 - In most cases, this box will be left blank.   The most common reasons to fill in this field are:

i) Wages paid to the employee before they turned 18 years old

ii) Wages paid to the employee after they turned 70 years old

For a complete list see:  http://www.cra-arc.gc.ca/tx/bsnss/tpcs/pyrll/rtrns/t4/slps/cmpltng/bx26-eng.html