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EPY: CAN - Value In Box 26 Missing on T4 (Doc ID 2548010.1)

Last updated on OCTOBER 09, 2019

Applies to:

PeopleSoft Enterprise HCM Payroll for North America - Version 9.1 and later
Information in this document applies to any platform.

Goal

What is the logic around Box 26 for T4s when Subject to CPP Months is changed to zero on Canadian Income Tax Data?

Revenue Canada indicates the following:

https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/rc4120-employers-guide-filing-t4-slip-summary/employers-guide-filing-t4-slip-summary.html

Box 26 – CPP/QPP pensionable earnings

Box 26 must always be completed even if there are no pensionable earnings.

Enter the total amount of pensionable earnings paid to your employee, up to the maximum pensionable earnings for the year ($54,900 for 2016), even if you did not withhold CPP/QPP contributions on all or any of those earnings. This may happen if you give a non-cash taxable benefit to an employee but do not pay cash earnings during the year. If there are no pensionable earnings for the entire reporting year and boxes 16 and 17 are blank, enter "0" in box 26. In many cases, boxes 14 and 26 will be the same amount.

Reporting the correct CPP pensionable earnings in box 26 will reduce unnecessary pensionable and insurable earnings review (PIER) reports for CPP deficiency calculations, especially if the employee worked both inside and outside of Quebec.

 

Solution

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In this Document
Goal
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