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Lisa281
July 24, 2023
Question

Cash payment to employees for security options

  • July 24, 2023
  • 1 reply
  • 0 views

I am trying to set up payroll items to pay out employees for security options. I have been testing it to see how the T4 slips come out. I am able to get the right amount in Box 38 but I cannot get Box 39 to populate. How do I set this up properly?

1 reply

T
Trish_T
July 24, 2023

Hi Lisa281,

 

Thanks for reaching out here.  Welcome!  It's essential that your payroll items are set up accurately, to ensure you're aligned with government guidelines.  For this reason, I recommend speaking with an accounting professional for the best course of action, in setting up the Security Options Deduction.  If you don't have an accountant, we can help you locate a ProAdvisor in your local area.  

 

If you have any other questions, please feel free to reach back out.  We'd be happy to help!

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