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CPP Excess
Why do amounts that are pensionable that cause a negative pensionable earnings for the pay period get added to CPP Excess?
This causes our box 26 of our T4 to be overstated by this amount.
For example:
Refund employee taxable benefit amount $10.
Entry is -10
This is the only entry for the pay
This $10 ADDED to the CPP Earnings on the T4 as it goes into CPP Excess. The amount on the T4 is overstated by $10, but box 14 is correct.
Is there any easy fix for this?
Thanks,
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