2024年12月31日 · Report the value of pensionable non-cash taxable benefits using box 26, even if the employee received no other remuneration. For example, if your employee is on an unpaid leave of absence and you continue to provide benefits during the leave period, report the benefit using box 26. Amounts not to be included in box 26

2024年6月25日 · Box 26 - CPP/QPP pensionable earnings. This amount is the Canada Pension Plan/Quebec Pension Plan (CPP/QPP) pensionable earnings that your employer used to calculate the amount of CPP/QPP contributions that is shown in box16/box17. For more information on a CPP overpayment, go to line 44800.

2025年2月19日 · Can T4 slip boxes 24 and 26 be left blank? What are the new paper filing thresholds effective January 1, 2024? What are the changes for the T619 electronic transmissions effective January 1, 2025?

Box 26 – CPP/QPP pensionable earnings. You must report an amount in box 26. Report the total amount of pensionable earnings paid to your employee using box 26. This is the amount you used to calculate your employee’s CPP/QPP and CPP2/QPP2 contributions that you reported using box 16, box 16A, box 17 and box 17A, up to the additional maximum ...

T4 Box 26 - CPP/QPP Pensionable Earnings. Starting in January 2012 (for the 2011 tax year), box 26 must always be completed. In most cases, boxes 14 and 26 should be the same amount. You have to complete the box in all situations, up to the maximum pensionable earnings for the year. If there are no pensionable earnings, enter “0” in box 26.

2024年1月17日 · Box 26: CPP/QPP Pensionable Earnings. Box 26 reflects the total earnings subject to Canada Pension Plan (CPP) or Quebec Pension Plan (QPP) contributions. What You Should Know: This amount is crucial as it determines the contributions towards your pension plan, which impacts your retirement savings. What You Should Do:

2025年3月4日 · If an employee’s pensionable earnings exceed $68,500 in 2024, Box 26 on their T4 may be incorrect. If the T4 has already been submitted to the Canada Revenue Agency (CRA), an amendment is required. Checking for Required Amendments To determi...

2024年11月11日 · Per Canada Revenue Agency (CRA) T4 slips for calendar year 2024 and after must report Total amount of pensionable earnings in Box 26. This is the amount system uses to calculate employee's CPP/QPP contributions reported in box 16 and box 16A, which is basically = CPP Employee Taxable + CPP2 Employee Taxable.

Why do box 24, 26 or 56 not equal Box 14 on the T4? Possible reasons are: Box 24. A taxable benefit is not insurable and is not included in Box 24. The employee was paid more than the maximum insurable earnings. Box 24 displays the maximum. Box 26. A taxable benefit is not pensionable and is not included in Box 26.

The amounts in box 26 for the 2 (or more) T4s should total to $73,200 if the employee has maxed out. This is what the underlying cheque register data properly shows, but the T4 is incorrectly showing: the full $73,200 on the T4 for the first province; the correct partial pensionable earnings attributable to the second province on the second T4.