TurboTax: T4 - Box 28 and 18

 

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Relevant Material: "On a Canadian T4 slip, Box 18 indicates the amount of Employee's Employment Insurance (EI) premiums deducted during the year, while Box 28 indicates exemptions from mandatory contributions to the Canada Pension Plan (CPP), EI, and/or the Provincial Parental Insurance Plan (PPIP). 

Box 18: Employee's EI Premiums 
  • Significance: This box shows the total amount of Employment Insurance premiums that your employer withheld from your pay throughout the calendar year.
  • Tax Reporting: You report this total amount on line 31200 of your personal income tax and benefit return to ensure you receive the correct credit for the premiums paid. 
Box 28: Exempt (CPP/QPP, EI, and PPIP) 
  • Significance: This box is typically a checkbox area. If an "X" or a checkmark appears in any of the sub-boxes, it signifies that you are exempt from contributing to that specific plan (CPP/QPP, EI, or PPIP) for that pay period.
  • Common reasons for exemption include specific types of employment (e.g., certain self-employed individuals are exempt from EI) or age (employees over 65 can choose to stop contributing to CPP). For most standard employees, this box will be left blank.
  • Tax Reporting: When filing your taxes using tax software, you only select the corresponding exemption option if the box is marked on your physical T4 slip. Incorrectly claiming an exemption may result in having to repay any additional refund you received to the Canada Revenue Agency (CRA). 
In summary, Box 18 is an amount of money you paid into a program, while Box 28 is an indicator of an exemption from having to make those contributions. For more details, consult the CRA website on T4 slips. ..:" (Google) 
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