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Brendan Sneddon

T4 Box 14 Adjustment

SUGGESTED
Posted By

Hello,

We are going through our 2022 T4s and realized that we were not including a taxable benefit on the employee's pay cheque. We created the taxable benefit in Sage however we are unable to adjust the last pay in 2022 as the pay code does not show up in the paycheque. Does anybody have any advice on how we can add the taxable benefit to box 14 of the employee's T4?

  • 0
    SUGGESTED

    Hi Brendan:

    You must go to the employee master file and activate the benefit for the employee affected by selecting it. Also you may have not have set it up with a linked account. You will need to go to Setup, Settings, Payroll, Incomes for Income and ensure it is categorized as a benefit, click ok then go to the Linked accounts and ensure it has a Wages expense account number.

    For the T4 printing you will need to add the box number for the benefit when printing the T4's. Hope this helps!

  • 0 in reply to Agate

    Another thing to be aware of is that, if the code wasn't present when you first created that paycheque, you probably can't access it while adjusting the paycheque.  You may need to reverse the paycheque and re-enter a new one for the same dates.

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