hi all ,is it possible that box 24 is higher than box 14 since the company pension plan is added in box 24 but not in box 14 , it is a non taxable benefit and should not e added to box 14 ?should the company pension plan (employer contribution) added to box 24? is teh below accurate : Box 14 (Employment income): This box typically includes all types of employment income, including salary, wages, bonuses, taxable benefits, and any other compensation received from the employer.(RPP employer contribution is not taxable benefit that’s why it should not be added in box 14, only employee contribution is added ) Box 24 (RPP contributions): This box specifically represents the total amount of contributions made by both the employer and the employee to a Registered Pension Plan (RPP) during the tax year. thanks

Question

T4 box 24 and 14

Forum|Forum|2 years ago
March 13, 2024
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hi all ,

is it possible that box 24 is higher than box 14 since the company pension plan is added in box 24 but not in box 14 , it is a non taxable benefit and should not e added to box 14 ?

should the company pension plan (employer contribution) added to box 24?

is teh below accurate :

Box 14 (Employment income): This box typically includes all types of employment income, including salary, wages, bonuses, taxable benefits, and any other compensation received from the employer.(RPP employer contribution is not taxable benefit that’s why it should not be added in box 14, only employee contribution is added )

Box 24 (RPP contributions): This box specifically represents the total amount of contributions made by both the employer and the employee to a Registered Pension Plan (RPP) during the tax year.

thanks