payroll and t4 slips

The amount of these earnings depends on how you configured them in your QuickBooks Desktop Payroll account, so you must review them before amending your T4 slips.

If you set them up correctly, the difference is normal and common, as the Canada Revenue Agency sets different rules for what counts as income for Employment Insurance versus the Canada Pension Plan.

To verify this in QuickBooks, you can run the Payroll Item Detail or Payroll Summary report for that employee.

Then, look for company-paid benefits or specific earning codes, then cross-reference them with the Canada Revenue Agency’s T4127 Regular Payroll Deductions Formulas guide to see which ones are exempt from Employment Insurance but taxable for the Canada Pension Plan.

Please feel free to return here if you have any additional questions.

I am not sure that they need to be ammended, but after talking with the CRA it looks like maybe they do. 

When the new tax table came out July 1st i was unable to do the download in quick books, so i used the cra tax table and filled it in in quick books.  Seems that was wrong. But I am not sure. I’ve downloaded the payroll item detail and the payroll summary 

I’ll give you an example, one employee only had one pay during the year , it shows gross income  was 800.00

on the t4 slip it shows 800.00 as employment income  but on the  box for cpp pensionable earnings it shows 1600.00.  This person pays cpp and tax, but no EI.