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 ?

Parents
  • 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:)

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  • 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:)

Children
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