The Pension Adjustment Additions module allows the user to enter pension adjustments (PA) into a file for access by the T4 and T4A program. The PA amount entered here can be reported on the T4's in Box 52 or as Other Code 036 on the T4A's.
T4 Year
Enter the year this PA amount will be picked up by the T4 report. The year entered here must match the year entered as the Taxation year when running Federal Statements.
Income Tax Deduction
Enter the income tax deduction code related to this PA amount. An income tax code must be specified to allow distinction between PA's from different tax groups or T4A PA amounts.
Employee #
Enter the employee number to enter the PA amount on.
PA Amount
Enter the previously calculated PA amount and press enter.
Select 'Next' to save the addition and return to the Employee Number selection field to add another addition.
Select 'Save' to save the addition and return to the main menu.
Select 'Cancel' to cancel out of additions and return to the main menu. No additions will be saved.
The information previously entered for the T4 Year and Income Tax number will be used for each employee entered. This allows you to enter the T4 Year and Income Tax number once for a set of employee numbers.
If a enter is entered on the Employee # field you are returned to the T4 Year field at which time you are to re-enter a different T4 Year to exit the program. NOTE: An employee can have only one PA amount per year, per tax deduction code.