Year-End Balance Feeds
Before you start the end-of-year processing, review the balances required for year-end reporting. Many of the year-end balances are predefined for you, but if required, manually configure additional year-end balance feeds.
Use the Balance Definitions task under Payroll in My Client Groups on the Home page to manually configure the year-end feeds for balances that are reported on the year-end slips.
T4 Predefined Balances
This table lists the balances that are automatically fed. You must manually establish feeds for the rest of the balances reported on year-end slips.
T4 Box |
Box Definition |
Predefined Balance |
---|---|---|
14 |
Employment Income |
Gross Earnings Use the T4 Box 14 Adjustment balance to reduce box 14, if required. |
16 |
Employee's Canada Pension Plan (CPP) Contributions |
CPP Employee Withheld Note: If an employee is paid after the CPP Election Date
on their tax calculation card, the CPP annual maximum contribution
and CPP yearly maximum pensionable earnings are prorated based on
the number of months in the year they were subject to CPP.If the employee contributed over this limit, the
CPP Withheld is refunded and the CPP Taxable amount is adjusted to
bring the year-to-date values in line with the prorated limits.
|
17 |
Employee's Quebec Pension Plan (QPP) Contributions |
QPP Employee Withheld |
18 |
Employee's Employment Insurance (EI) premiums |
EI Employee Withheld |
22 |
Income tax deducted |
Federal Tax Withheld |
24 |
EI Insurable earnings |
EI Employee Taxable |
26 |
CPP/QPP pensionable earnings |
CPP Employee Taxable, QPP Employee Taxable |
55 |
Provincial Parental Insurance Plan (PPIP) |
Quebec Parental Insurance Plan Employee Withheld |
56 |
PPIP insurable earnings |
QPIP Employee Taxable |
T4A Predefined Balances
This table lists the balances that are automatically fed. You must manually establish feeds for the rest of the balances reported on year-end slips.
T4A Box |
Box Definition |
Predefined Balance |
---|---|---|
22 |
Income Tax deducted |
Federal Tax Withheld |
RL-1 Predefined Balances
This table lists the balances that are automatically fed. You must manually establish feeds for the rest of the balances reported on year-end slips.
RL-1 Box |
Box Definition |
Predefined Balance |
---|---|---|
A |
Employment income before source deductions |
Gross Earnings |
B |
Quebec Pension Plan (QPP) contribution |
QPP Employee Withheld |
C |
Employment Insurance (EI) premium |
EI Employee Withheld |
E |
Quebec income tax (including the health contribution) withheld at source |
Provincial Tax Withheld |
G |
Pensionable salary or wages under the Quebec Pension Plan (QPP) |
QPP Employee Taxable |
H |
Quebec Parental Insurance Plan (QPIP) premium |
QPIP Employee Withheld |
I |
Eligible salary or wages under the Quebec Parental Insurance Plan (QPIP) |
QPIP Employee Taxable |
O - Code RZ |
Amount derived from more than one source |
Derived by the Oracle Fusion application |
Other Information B-1 |
Canada Pension Plan (CPP) contribution |
CPP Employee Withheld Note: If an employee is paid after the CPP Election Date
on their tax calculation card, the CPP Withheld and CPP Taxable annual
maximum limits are prorated based on the number of months in the year
they were subject to CPP. If the employee contributed over this limit,
the CPP Withheld is refunded and the CPP Taxable amount is adjusted
to bring the year-to-date values in line with the prorated limits.
|
Other Information G-1 |
Taxable benefit in kind |
RL-1 Taxable Benefit Paid in Kind |
Other Information G-2 |
Pensionable earnings under the Canada Pension Plan (CPP) |
CPP Employee Taxable |
RL-2 Predefined Balances
This table lists the balances that are automatically fed. You must manually establish feeds for the rest of the balances reported on year-end slips.
RL-2 Box |
Box Definition |
Predefined Balance |
---|---|---|
J |
Quebec Income Tax Deducted |
Provincial Tax Withheld |
The element that you should feed to the year-end balances is the 'Results' element and not the 'Base' element. However, for elements with a primary classification of Information, you must use the 'Base' element for balance feeds. A Results element isn't created for Information elements.
Refer to the appendix at the end of this document for additional information about the Oracle Fusion balances that map to the individual boxes on the year-end slips.