By Debra Huntly October 20, 2020

OH CANADA! What’s Happening to our 2020 T4s?

It appears, to accommodate CRA’s ability to validate payments for the Canada Wage Subsidy (CEWS), the Canada Emergency Response Benefit (CERB), and the Canada Emergency Student Benefit (CESB), CRA is adding four Codes. These Codes will divide employment income, already reported in box 14 or Code 71, into four reporting periods: Code 57: Employment income…

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