Dotting the i’s, crossing the t’s

A guide for year-end prep for payroll professionals
By Kimberley Fiume
|Canadian HR Reporter|Last Updated: 12/02/2013

It’s that time of year, yet again: Year end. There are a lot of I’s to dot and T’s to cross — so here’s a look at a rundown of key items for payroll professionals to keep in mind.

T4 reporting requirements

Box 24 insurable earnings and box 26 pensionable earnings must always be completed. These boxes are no longer left blank when an individual is at the annual maximum or the amount is the same as box 14 employment income.