How to create a non taxable benefit that will appear on T4 only for owners personal claim purposes only

1. Create a non-taxable benefit

1. Go to Setup, Settings, Payroll, Incomes.
2. Rename the next available income to the benefit you want to create.
3. Change the Type of the income to Benefit, and remove the checkmarks on all the columns.
4. Go to Linked accounts.
5. Link the new Benefit to the wages account.
6. Click OK to save.

2. Set up the employee record

1. Open an owner's employee record and select the Income tab.
2. Put a checkmark in the Use column beside the new benefit and the salary fields.
3. Click OK to save.

3. Create a paycheque

1. Create new paycheque.
2. Put 0.01 on the amount this period for Salary field (this will allow to post the paycheque, if Net pay = 0, the system will not allow it to post).
3. Enter the benefit amount in the new benefit field.
4. Click Post.
5. Create another paycheque. (this will reverse the .01 added earlier).
6. Put -0.01 on the amount this period for the Salary field (this will give you a message but it will allow you to post a negative net pay amount).
7. Click Post.

4. Print the T4 with Box 34 options

Follow How to Print T4 Slips and Summary to print T4

How to create a new payroll benefit
How to prepare and print T4 Slips and Summary