Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
Group Insurance as a Taxable Benefit. Should the part paid by the Employer appear on T4?
If yes, may I please get some help as to how it should be set up?
Hi there,
Setting up a Taxable Benefit can be a lengthy process but I'll be to break it down for you.
The best way to set up a Taxable Group Benefit in QuickBooks Desktop is to set up a Payroll Item as a Company Contribution.
Let's create the Taxable Group Benefit Payroll Item, to do this:
After the Payroll Item is created, you have to apply that to the applicable employee(s). To do this:
Once the Payroll Item is added to the applicable employee(s), it will automatically appear in the Company Summary section when you create a paycheque.
By default, QuickBooks Desktop will only allow you to select one Tax Tracking box at a time. Unfortunately, you cannot select more than one at this time. You can create the item and manually calculate then change it within the T4 to whichever applicable Tax Tracking boxes.
Here on the Community, we're here to assist you with how the QuickBooks software works. Other members in the Community are welcome to respond. However if you're unsure of which Tax Tracking box or Taxes to select for the Payroll Item, my recommendation is to speak to another accounting professional such as a tax specialist, for how to handle taxes and how to address it.
In case you have other questions, feel free to contact our support team using this link here.
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.
For more information visit our Security Center or to report suspicious websites you can contact us here