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How to adjust and correct T4 box totals

Created on  | Last modified on 

Summary

Adjust T4 box totals in Sage HRMS

Description

  • The T4 for the prior year can be changed if the Date of the Transaction History is in the year to be edited, for example, enter 12/31/2015 to add the changed amount to the 2015 T4 form.
  • Determine which box of the form needs to be changed, and refer to the chart above for the field to affect.
  • Re-print the Government Form T4 to verify the box that was changed. If not correct, the Transaction History record can be reopened and changed.
  • The changes will update the T4 Summary page.

 

 

 

Resolution

The following T4 box information is adjustable in Transaction History (Canadian Payroll, Tasks, Transaction History) unless otherwise noted.

12 Social Insurance Number. This is found in the General Tab of the Employee Payroll. This pulls from the employee's Demographic pane.
14 Employment Income. In the Transaction History Taxes tab, select INCTAX and enter the amount in the Earnings Before Deduction field. Enter a negative '-' to decrease the amount and a positive '+' to increase the amount.
16 Employee's CPP contributions. In the Transaction History Taxes tab, select CPP and enter the amount in the Employee-Extended Amount field. Enter a negative '-' to decrease the amount and a positive '+' to increase the amount.
18  Employee's EI premiums. In the Transaction History Taxes tab, select EIR1 (or the appropriate EI rate, that is, EIR2) and enter the amount in the Employee-Extended Amount field. Enter a negative '-' to decrease the amount and a positive '+' to increase the amount.
24 EI insurable earnings. In the Transaction History Taxes tab, select the EI Rate and enter an amount in the Ceiling Wage and No Ceiling Wage fields.
26 CPP. In the Transaction History Taxes tab, select CPP and enter an amount in the Ceiling Wage and No Ceiling Wage fields.
30 Setup as a benefit code. In Transaction History, enter an amount in the Employer extended amount field for that code.
32 Setup as a benefit code. In Transaction History, enter an amount in the Employer extended amount field for that code.
38 Setup as a benefit code. In Transaction History, enter an amount in the Employer extended amount field for that code.
40 Setup as a benefit code. In Transaction History, select the benefit code and then enter the amount in the Employer extended amount field for that code.
44 Setup as deduction code. In Transaction History, enter an amount in the Employee extended amount field for that code.
50 RPP Registration Number. In Employee Payroll detail, Class/Schd tab, enter the number in the RPP Number field.
52 Set up a deduction code. In Transaction History, enter an amount in the Employee extended amount field for that code.