2.0 Year-End FAQ

Devon from Wagepoint
Devon from Wagepoint
  • Updated

This article collects some of the most commonly asked questions about year-end in Wagepoint.

  • Visit this article for step-by-step instructions.
  • If you have either run payroll for at least one individual or have added an individual with year-to-date information, you qualify for tax-form generation in Wagepoint. 
    You must still complete the year-end workflow and choose electronic submission, if you would like Wagepoint to submit forms to the CRA on your behalf.
  • The CRA offers some helpful resources:

    Important: If you choose to manually file your tax forms outside of Wagepoint, it is your responsibility to send the appropriate forms to the CRA and to the employee/contractors that you employ.

    You might also find the Year-to-date report useful.

  • You can review and edit your tax forms beginning in January 2026.
  • To avoid late penalties, we recommend that you complete any electronic submissions in Wagepoint by February 27 so you have enough time to ensure that everything is filed with the government and your employees. If your forms are filed late, you are responsible for any fees.
  • You can edit your T4 forms or edit your T4A forms from the Year-end tab in your Wagepoint account. Be mindful that any changes made here will not be reflected elsewhere in your Wagepoint account.
  • Starting in the 2023 calendar year and continuing this year, it’s mandatory to indicate whether each employee or any of their family members were eligible for employer-offered dental benefits on December 31 of that year, to access any dental care insurance, or coverage of dental services of any kind, that you offered.

    To prepare for this ahead of time, please review the “Box 45” section of this government-provided resource, and make sure you know ahead of time which code applies to which employee. 

    When it's time to create your year-end forms, you can enter Box 45 information for your employees and contractors during the Year-End Forms workflow.
    When you begin the workflow, you will be prompted to select a default option for Box 45. However, you are still able to change this on an individual basis. If you try to continue the workflow without completing Box 45, you will receive an error message.

    For further information on Box 45(T4) and Box 015(T4A) please see the Canada Revenue Agency's article about T4 Slips.

  • At this time, Wagepoint 2.0 can not apply a reduced EI rate or an employee tax reduction at source.
  • If an admin updates an employee’s address, SIN, or name while the year-end workflows are in a Draft state, then the forms will automatically update when you resume the workflow. If the package has already been submitted, then changing employee information in their profiles will not change anything on the forms.
  • Yes, as long as you either run payroll or enter year to date amounts for the individual before the end of the year. Please add the employee before December 30th, 2024. This option will not be available after the end of the relevant year (for example, for a 2024 T4, the employee and their prior payrolls must be added before January 1st, 2025).
  • No, we do not. Employees will find their tax forms in their employee portals.
  • No. We only generate year-end forms after year-end. If you need to submit any forms to the CRA early, you must do so outside of Wagepoint.

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