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Freehold food an Alberta organization is preparing it year-end information slips; Jessica had work for the company in their Calgary office from July 1982 until

Freehold food an Alberta organization is preparing it year-end information slips; Jessica had work for the company in their Calgary office from July 1982 until her employment was terminated last year. When her employment was terminated she was fully vest in the country defined contribution registered pension plan, which she joined in July 1984.upon terminated of employment Jessica received a retiring allowanced $52,000.jessica had her employer transfer the entire eligible amount to RRSP and took the non-eligible amount in cash.

Calculate the eligible and non-eligible portions of Jessica retiring allowances as well as the income tax withheld on the amount received in cash, include these amounts when completing Jessica the T4.the $27,000 income tax shown on the year-end payroll register does not includes the tax amount withheld on the retiring allowance.

Complete Jessica T4 slip using the information from the year end payroll register below.

Note:The boxes in the Other Information area of the T4 must be completed in numerical order.

Item Amount
Regular earnings $67,600.00
Vacation pay $7,028.00
Bonus pay $8,000.00
Overtime pay $660.34
Taxable Clothing Allowance $625.00
Wages in Lieu of Notice $13,550.00
Retiring Allowances $52,000.00
CPP contributions $3,754.45
EI premiums $1,002.45
Income tax $27,040.00
CPP Pension earning

$66,600.00

EI Insurable Earnings $61,500.00
Union dues $520.00
Charitable donations $375.00
Employee contributions to the Registered Pension Plan $3,750.00
Employer contributions to the Registered Pension Plan $3,425.00
Registered Pension Plan number 123456
Loan interest non cash taxable benefit $1,739.85
Automobile non-cash taxable benefit $1,936.49
Group term life insurance non-cash taxable benefit $1260.00
Accidental death and dismemberment non-cash taxable benefit $36.25

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