If you put the RRSP (company matching amount) in the benefit section, make sure the "TAX" box is checked in the line item under Benefit.
This way, this amount will be included in the BOX 14 as well as BOX 40.
I also found this error and was forced to create T4s with a different software. According to CRA you do not have to deduct Taxes from Company RRSP Contributions. So how do you handle that? I do NOT want to deduct taxes from the RRSP benefit but I do want to add it to Box 14 and Box 40.
If you read the latest T4130 guide, it actually says:
Contributions you make to an employee’s RRSP and RRSP administration fees that you pay for your employee are considered to be a taxable benefit for the employee... Although the benefit is taxable and has to be reported on the T4 slip, you do not have to deduct income tax at source on the contributions you make to an employee’s RRSPs if you have reasonable grounds to believe that the employee can deduct the contribution for the year...
So while you are technically right, you should have appropriate documentation to show the "reasonable grounds" for not withholding.
The only way that I have ever been able to have BV payroll report the benefit in both Box 14 and Box 40 is to make it taxable.
In reply to Arin:
hi i am having the same problem in 2014. the tax box is ticked and is still not iincluded in box 14 or box 40.
hi having the same problem in 2014. did you find an answer?
In reply to derby:
Hi derby; This is what I found out about the T4s and the RRSP.
If you have been using the RSP/Pension field in the Amount tab in the Employee Detail screen then that total for the year will show in Box 20 RPP Contribitions.
But if you added this RRSP in as a benefit or Deduction, it had to be taxable to show up on the T4 in a box 40 in the section that you can added in Box numbers that are missing.
I hope this help you out.
In reply to Penny Ehlers:
hi i ticked it so that it was a benefit taxable. but not showing in box 14 or box 40. how do i go about adding the box for box 40 now in the t4? and also how do i go about adding the rrsp that the company put in into box 14
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