ThomsonReuters
OCTOBER 15, 2024
Critiques of CFPB’s interpretation of EWA In its interpretive rule, which received nearly 150,000 comments, the CFPB states that “it does not matter that the obligation to repay is sometimes satisfied via payroll deduction” and that it “is still an act of repayment.” 3401(b).
Ronika Khanna CPA,CA
JANUARY 7, 2022
If you have a payroll provider , they will often prepare and submit the T4 slip and summary on your behalf. When in doubt it is important to confirm this with your payroll provider. Certain accounting software like QuickBooks and Simply Accounting generate the forms and the information for the summaries.
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