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February 21, 2022
Question

I have an employee who filed a CPT30 form to elect to stop paying CPP, part-way through the year however the T4 is reporting Box 26 as 0 for the entire year. Help?

  • February 21, 2022
  • 1 reply
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I need to know how to adjust Box 26 to include the amount of pensionable earnings up to the month that the CPT30 form was filed.

1 reply

February 22, 2022

Hi tzmoneymanagemen,

 

Welcome to Community!  Paying your staff with confidence is simplified with QuickBooks Online Payroll.  It's essential that the calculations are accurate in keeping good standing with the CRA guidelines.  I'll be happy to provide more information so you can complete your payroll goals!

 

Based on the information you've provided, I suggest reaching out to your accountant.  They'll have the ability to make the necessary corrections while running payroll on your behalf.  If you don't have an accountant, we can help you locate a ProAdvisor in your local area.  In addition, you can edit the information on the T4 form, on the CRA website.  Once it's complete you can also print, or download it to your system for future reference.  

 

Please feel free to reach back out with any other questions you may have.  We'd love to help!