Can any one help me. Is it mandatory to fill these box numbers 57, 58, 59 & 60. Before submissions of employees T4s.
Regarding the employment income during March 15 to May 9, May 10 to July 4, July 5 to August 29 & August 30 to September 26, 2020
For filing T4s, see this guide:
https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/rc4120.html
(Don’t skip reading the “Whats New” section at the beginning… "…you will have to report…"…)
It is absolutely necessary. CRA wants this information in order to confirm pandemic benefits were properly received.
Is no one else ticked off that we are, once again, made an involuntary CRA auditor? They’re after the low-hanging fruit, and they’re hoping this will guarantee a big catch. There’s so many places to make an easy catch. For example, query your system for all T2’s with anything coded 1301 or 2181. It’s double taxation and probably years of interest & penalties.
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