Hi Experts,
For Canada payroll implemented tax rates for Year end T4 on June 2023. Rate change was effective from Jan. 1, 2021.• Rate change PRODUCED AN AMENDED T4 FOR 2022 – this is the INCORRECT behaviour .• The changes that triggered the amendment in 2022 T4 was specific to Box 14 and Box 40 for taxable life benefits. How to Rectify this. Checked WTR, for Box 14 amount is calculated based on for-view period.
Regards,
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