2024 Canada Payroll - T4 Box 26 Update

Per Canada Revenue Agency (CRA) T4 slips for calendar year 2024 and after must report Total amount of pensionable earnings in Box 26. This is the amount system uses to calculate employee's CPP/QPP contributions reported in box 16 and box 16A, which is basically = CPP Employee Taxable + CPP2 Employee Taxable. Currently, balance that feeds T4 Box 26 is = "CPP EE Taxable". This balance includes 2 elements: CPP EE Retro Exemption and CPP_EE, see image below. Will Oracle update "CPP EE Taxable" balance that is reported on T4 in Box 26 to include CPP2 Employee Taxable/Wage amount or