Will the new CRA T4 reporting requirements for employers (Box 57, 58, 59, 60) be included in the Tax

For the 2020 tax year, CRA is introducing additional reporting for the T4 slip.  These reporting requirements will apply to all employers & is so CRA can validate payments under the Canada Emergency Wage Subsidy (CEWS), the Canada Emergency Response Benefit (CERB), and the Canada Emergency Student Benefit (CESB).

While I'm not sure if Ryerson participated in the employer wage subsidy, this new reporting requirement will still impact us. CRA is implementing new Other Information codes when reporting employment income and retroactive payments in the following periods:

Code 57: Employment income paid on – March 15 to May 9

Code 58: Employment income paid on – May 10 to July 4