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W
WS99
January 13, 2020
Question

Personal use of company vehicle

  • January 13, 2020
  • 3 replies
  • 0 views

I need some guidance as to how to correctly enter this in payroll.

I created a payroll item (company contribution)

I entered an amount on for the personal use of a company vehicle on an employees final pay cheque of 2019 (amount of 1050.00).

Now when I go to pay December source deductions, the 1050.00 is showing on the liability cheque, but not on the PD7A form.

Any help would be greatly appreciated. 

 

 

3 replies

W
WS99Author
January 13, 2020

J
JamesM
January 13, 2020

Hi there,

 

Welcome back to the Community. I'd be glad to give you a hand with making sure your transactions are showing up on your PD7A. 

 

Most businesses must submit their last month's payroll deductions to the Canada Revenue Agency (CRA) by the 15th of the current month. I suggest checking with the CRA or your accountant to see what's right for your business. Then consider setting up a reminder note in the To Do list.

 

When you are ready to pay your payroll liabilities, QuickBooks Desktop lets you choose all or just some of them to pay and creates cheques to pay them. You can also add penalties, expenses, and discounts to the cheques, if you need to. Before your payroll liabilities can be paid, you must have a payee name associated with each liability. I encourage you to check out this helpful article for more info: Pay or adjust payroll liabilities.

 

If you need further assistance, don't hesitate to reach out to our support team using this link.

W
WS99Author
January 13, 2020

Thanks, but that did not answer my question at all.

What am I doing wrong that is making a company contribution for the personal use of a vehicle, show up on the liability cheque, but not on the PD7A?

I don't believe I'm supposed to remit this amount (1050.00) to the CRA at all, just the taxes and CPP associated with the taxable benefit.

W
WS99Author
January 14, 2020

For anyone else searching for an answer, this seems to work:

 

https://quickbooks.intuit.com/learn-support/en-ca/employees-payroll/create-taxable-fringe-benefits-payroll-items/01/261685

L
LauraAB
January 14, 2020

Hello WS99,

 

Thanks for the follow up and great find with the article about Fringe Benefits. From what you've said, it seems this has worked for you, but let me know if it hasn't. I want to make sure you're good to go!

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