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Employment Income on T4 Box 14 is not Correct, it is Overstanded By QC only Taxable Benefit (Doc ID 252255.1)

Last updated on JULY 07, 2020

Applies to:

Oracle HRMS (Canada) - Version 12 and later
Information in this document applies to any platform.

Symptoms

Employment Income On T4 Box 14 Not Correct

Box 14 of T4 (Employment Income) includes 2 taxable benefit elements that are not subject to federal income tax.  Taxable Benefits are only subject to Provincial income tax and not Federal income tax according to our tax withholding rules setup.

End result is employee's employment income for Federal purposes is higher than what it should be.

 

Cause

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