If an employee’s pensionable earnings exceed $68,500 in 2024, Box 26 on their T4 may be incorrect. If the T4 has already been submitted to the Canada Revenue Agency (CRA), an amendment is required.
Checking for Required Amendments
To determine if amendments are needed:
- Navigate to Payroll > T4 Statements.
- Locate the CPP2 Contributions column.
- If any employee has a value in this column and their T4 has been submitted to the CRA, an amendment must also be submitted.
Software Update for Correction
Spire versions 3.12.10, 3.11.15, and 3.10.16 will be released on March 4th to address this issue.
Note: If you are only one version point below the listed versions, only the Payroll Clerk needs to upgrade.
Steps to Generate and Submit T4 Amendments
1. Mark T4s as Remitted
- Go to Payroll > T4 Statements.
- Select the T4s that have been submitted to the CRA.
- Click Mark Remitted.
Important: Ensure that only submitted T4s are marked as remitted. This action cannot be undone in the user interface. Once marked, the Date Remitted column will be populated.
2. Generate T4 Amendments
- Navigate to the arrow beside Generate T4s > Generate T4 Amendments.
- Click Continue on the confirmation window.
- Click OK on the next prompt.
3. Review and Make Adjustments
- Carefully review the amended T4s.
- Apply any manual changes that were made to the original T4s before submission.
4. Export the Amended T4s for CRA
- Click Export for CRA.
- In the Export for CRA window, set the Report Status dropdown to Amendment.
- Fill in the required details (e.g., Proprietor #1 SIN).
- Click OK to generate the export file.
- Upload the amendment to the CRA.
Note: If you receive the message “Invalid formatting detected in one or more fields,” check the box I want to proceed without correcting these errors. More details are available in the following KB article: (in some cases you need to click the the post twice to see the 'I want to proceed' message)
CRA T4 Upload – Invalid Formatting Detected Warning
5. Provide Employees with Amended T4s
Once the amendments are complete, distribute the Amended T4s to employees.
Spire Support Assistance
If you need assistance generating the amended file, Spire Support can help. Please download TeamViewer and be prepared at an agreed time to let us log on and assist you.
Download TeamViewer: https://www.teamviewer.com/en-ca/