Explanation of why a taxable benefit is added to the box 14.
- Taxable benefits are considered as gross pay for the purposes of federal taxes so they should be included in Box 14 total income on the T4
- To show the benefit total on the other infomation of T4--when printing the T4 under T4 box options window, select the code beside the benefit to report it on Other information boxes of T4
- To verify that they are being included, go to Reports, Report Centre, Employees & Payroll, Employee Summary. Run it for the time frame in question
- The Gross Paid total shows the total of income, the Gross Pay total includes the income total plus taxable benefits
- Refer to the CRA web site in Additional Information for the definition of benefits
- Solution ID
- 223924250030077
- Last Modified Date
- Mon Nov 21 17:54:25 UTC 2022
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Integrated Product: Blueprints
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