How do I set up a taxable benefit for 1 employee?

Hi there, infor2382. You have the option to use the Taxable Benefit in Cash pay type, which is ideal if you are giving your employee a set amount of money each pay period to help cover their personal phone costs.

1. Navigate to the All apps menu.
2. Click Payroll, then select Employees.
3. Choose the specific employee.
4. Go to the Additional pay types section and click Add.
5. Select + Add another pay type, enter the name of the benefit, and then in the Type tab, select Taxable benefits in Cash.

This will affect the T4 boxes 14, 24, 26, 56, and 40, as well as Relevé boxes A, G, I, and L.

Although this option allows you to record a benefit, it’s important to consult your accountant or tax advisor. They can confirm the most appropriate category for your specific business situation and help ensure compliance with CRA and Revenu Québec guidelines.

You can reply below if you have additional concerns. We’re here to help.