Printing 2020 T4's

Question

I downloaded the latest version 2021.1. It now supports printing the new 2020 T4 with boxes 57-59 with an automatic calculation. Thank You! However, the calculation appears incorrect. The box 57 and 58 amounts do not include vacation pay paid during the period. (with an employee who has vacation pay paid each payroll period). 
 I cannot find a reference from CRA saying to exclude vacation pay? 
 Your thoughts?

KathleenF · Accepted Answer

We have discovered an issue with COVID-19 reporting and T4s in the 2021.1 update for employees that you paid vacation pay when vacation pay was not retained. To correct this issue, we will be releasing another product update at the end of January. 
 
 If you paid vacation pay when vacation was retained for all employees, you can produce your T4s as normal. 
 If you paid vacation pay when vacation was not retained for some employees, please wait until you have installed the new product update before producing your T4s. 
 
 Note: You should still install 2021.1 and use it to process your payroll at the beginning of the payroll tax year to ensure that payroll calculations are accurate.

Sage 50 Canada

Printing 2020 T4's

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