How to add a taxable benefit so it would be included in T4, Box 34

Question

How can I add a taxable benefit so it would be included in Box 34 on the T4 
 Thank You

Agate · Answer

Dawn: 
 Take an Empty Income Field, name it, choose Benefit as the Type, choose the Unit of Measure and check the columns for taxes in Setup, Settings, Payroll, Incomes section. Go to Payroll Linked Accounts and ensure the New Income created has a G/L number assigned to it. Go to the employee file with the benefit and ensure you check mark it and place an amount in the Income folder. Do your pay cheque with the benefit included. Do your T4 and in the Taxable Benefit box associated with the Income created enter box 34. 
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Sage 50 Canada

How to add a taxable benefit so it would be included in T4, Box 34

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