Fusion CA Payroll - New Box On The T4 For Second Canada Pension Plan (CPP) Contribution Reporting
(Doc ID 2973288.1)
Last updated on SEPTEMBER 29, 2023
Applies to:
Oracle Fusion Global Payroll Cloud Service - Version 11.13.23.04.0 and laterInformation in this document applies to any platform.
Goal
Can you please provide more details on the below?
New Box on the T4 for Second Canada Pension Plan (CPP) Contribution Reporting.
As a result of the CPP enhancement, the Canada Revenue Agency (CRA) has created the following new boxes on the T4 slip to report the second CPP contribution.
Effective January 1, 2024 (2023 tax year), employers will use the following new boxes:
• 16A: Employee’s second CPP (Canada Pension Plan) contributions.
• 17A: Employee’s second QPP (Quebec Pension Plan) contributions.
Canada Revenue Agency (CRA) has advised that since this is effective for January 1, 2024, the boxes will be left blank for 2023 tax year.
Solution
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In this Document
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