Sage 50 Canada

I don't know how to set up premiums paid by the company as a taxable benefit on the T4. Also, should this show up on each pay or will it only show up on T4 at end of year? Final question is how to do a year to date amount first and then add regularly…

I have an odd question that I have never run into before. In 2019 an employee that owns 100% of a company had EI deductions coming off of their payroll. Their accountant has asked to have their T4 amended to show that there were no EI deductions because…

I am creating my T4's for 2018 but I am unsure about one employee. From Jan.-June he was considered an employee, but then he purchased the company (100% of it) from the original owners and is now considered EI exempt. So from July forward I was not taking…

A client's accountant posted their AJEs. One of them was a $16,000.00 bonus to the shareholder. The accountant's AJE was CR CPP Payable $1,237.50, CR S/H loan $15,381.25, DR Wages $16,000.00 and DR CPP Exp $618.75. Their year end was July 31, 2016 so…

I have an employee who moved to Ontario from Quebec last year - now Sage is telling me I need to produce separate T4s for CPP / QPP Has anyone done this before?

Hi All, I went to file my income tax and the program will not save the T4 because Box 24, EI Insurable Earnings is higher than Box 14, Employment Income. I do not understand how my boss managed to get that discrepancy. I called Sage Tech Support and…