Does sage 50 CA version 2021.1 solve the problem of T4 when the company has semi-monthly payroll?

I just update our Sage 50 to 2021.1 version and generate T4 for 2020.

However, I found the data in box 57,  58  ,  59,  60  (required by government for 2020 Covid-19)  are not correct.

Our company has a semi-monthly payroll period. However, 57 , 58, 59, 60 requires 8 weeks' amount.  The data in each box is not correct. 

Does anyone has the same problem and does anyone know how to solve it?  Is there a place that I could enter the data in box 57,58,59,60 manually ?

  • In the upper right-hand corner of your Sage 50 Home Screen, there is a bell icon that is a list of messages Sage has sent you.  There should be one indicating an update is coming next week to correct the T4 box 57-60 problem when vacation pay is paid on every cheque.  I am not currently doing any semi-monthly payroll so I don't know if there is an issue specifically due to that payroll frequency.

  • How to report employment income during COVID-19 pay periods

    For the tax year 2020, in addition to reporting employment income in Box 14 or Code 71, use new other information codes when reporting employment income and retroactive payments in the following periods:

    • Code 57: Employment income – March 15 to May 9
    • Code 58: Employment income – May 10 to July 4
    • Code 59: Employment income – July 5 to August 29
    • Code 60: Employment income – August 30 to September 26

    Eligibility criteria for the CERB, CEWS, and CESB is based on employment income for a defined period. The new requirement means employers should report income and any retroactive payments made during these periods.

    Example

    If you are reporting employment income for the period of April 25 to May 8, payable on May 14, use code 58.

  • From the information on the CRA website, the T4 boxes are based on the pay date not the dates being paid - so it wouldn't necessarily have to be exactly 8 weeks worth of earnings.

    Sorry that last reply sent before I finished replying:)

  • Hi 

    Thanks for reaching out, confirming that 's response here is accurate. Sage 50 CA licenses with the Payroll Sage Business Care plan add-on, as well as, our Sage Accountants Network members would have received an in product message (IPM) with the below details about the upcoming 2021.1.1 update next week.

    2021.1.1 PRODUCT UPDATE FOR PAYROLL USERS
    Starting January 19, 2021, you will be notified when you shut down your software that you have a product update ready to be installed. The 2021.1.1 update addresses a T4 reporting issue with respect to COVID-19 pay periods in 2021.1 which was released in December 2020.
    If you use Sage 50 to produce T4’s, and you paid out vacation to employees on pay cheques (if the option to retain vacation was not selected) during 2020, please download and install the 2021.1.1 update before generating T4’s for the 2020 tax year.
    If, however, you paid vacation pay when the option to retain was selected, you can produce your T4s as normal with the 2021.1 update and complete the 2021.1.1 product update at your convenience.
    For more information on whether you need to install the 2021.1.1 before producing T4’s, please consult this knowledgebase article.
    If you do not use Sage 50 for payroll, you can complete the 2021.1.1 product update at your convenience.

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    Warm Regards, 
    Erzsi