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Sara

• January 31, 2021 13:53

I was generating T4 and RL-1 for my employees. All my employees did not reach max. pensionable QPP earnings in 2020 of 58700$ therefore BOX 14 and 26 on T4 should be the same amount, but the amount calculated by payment evolution box 26 is always lower than box 14. Difference varies between 40% and 95%. Anyone has an idea why? Same for box A and G on RL-1

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  Sara

  • February 04, 2021 12:29

  It could be that vacation pay and statuary holidays are not pensionable earnings.

  I did subtract them and get a little closer, but i can't understand what payment evolution calculates.

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  Simona Dukakispal

  • February 21, 2021 20:51

  There seems to be a change in calculations from previous years :-( The amount shown in box 26 for 2020 T4s is the maximum amount that can be claimed (box 14 to the max pensionable earnings of of $58700 less the $3500 exception prorated based on the pay periods). For example, if the earnings in box 14 are over 58,700, the amount in box 26/box G will show as 55200 instead of 58700. If for example your employee earned 30,000 over 17 by-monthly periods, the amount in box 26/G will show as 30,000-3500/24*17=$27,520.83. I hope you have already put through a support request - I will definitely submit one and hopefully have this solved before the Feb 28 deadline. If not, the option is to manually calculate and change all the 2 boxes before submitting T4/RL-1.

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