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Lisa281
Jul 24, 2023 6:56 PM UTC
Question

Cash payment to employees for security options

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

Trish_T
Jul 24, 2023 8:21 PM UTC

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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