New T4 Requirement, 2024 Tax Year: Code 94 & Code 95

CRA has (very quietly) announced that effective this tax year, employers are required to report RPP contributions on tax-exempt employment income utilizing Code 94 at the bottom of the T4 slip. Another change is the new requirement to report union dues related to tax-exempt employment using Code 95.

When can we expect something from Sage regarding this? As I expect many users will have to make changes to their setup (i.e.: deduction codes, etc.) in order to work with the solution Sage releases, I'm hoping the support comes sooner rather than later (before the Jan 2025 update).

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