Hi Bernie Yeh ,

Thank you for your inquiry about adding taxable benefits before submitting T4 slips.

To add a taxable benefit, such as Group RRSP or MSP, before generating your T4s, you can follow these steps in Sage 50 Canada:

1. Create the benefit in the system:

   • Navigate to Setup, Settings, Payroll, Incomes.
   • Rename the next available income to the benefit you're adding (e.g., RRSP).
   • Change the type to Benefit and ensure the correct tax columns are checked.

2. Link the benefit to the appropriate accounts:

   • Go to Setup, Settings, Payroll, Linked Accounts, Incomes.
   • Link the new benefit to the wages account or another appropriate expense account.

3. Enable the benefit for each employee:

   • Open each employee record, go to the Income tab, and find the newly created benefit.
   • Check the Use box next to the benefit and enter the default amount for it.

4. Adjust any existing benefits if necessary:

   • If you need to adjust benefits that have been overestimated or underestimated during the year, create a manual paycheque with the correct amounts as per the instructions in the article section “A benefit's YTD is too high/low (incorrect) and affecting my T4 or Relevé 1 (RL-1)”.

Please ensure to follow all instructions carefully, and if you’re not confident in making these adjustments, consider consulting with your accountant or a Sage expert.

If you encounter any issues or require further assistance, please don't hesitate to reach out to our support team.

Warm regards,
Erzsi