Create Pension Groups and Assign Pension Numbers
Clarity allows you to create pension groups, which can then be assigned to employees and their paycards, in order to properly report pension amounts and pension adjustments on T4s.
Adding a New Pension Group
- In Clarity, navigate to Configuration > Company > Company Edit > Canadian Taxation tab.
- Pension groups are shown on the bottom-right corner of the window. Click "Add Pension Group" to add a new pension group.
- Enter a "Description" for the pension group.
- Enter your "Pension Number".
- Ensure that the "Active" checkbox is checked.
- Click the checkmark icon at the top-right corner of the window to save your changes.
The pension number must be correct in order for your pension adjustments to appear on your T4s. If you are unsure of what your pension number is, please verify this number before continuing.
Assigning a Pension Group to Your Employees
- In Clarity, navigate to Employees > General Information > List tab.
- Double-click the employee that you wish to assign a pension group to.
- Navigate to the employee's Payroll tab.
- Select the correct "Pension Group" from this list.
- Click the checkmark icon at the top-right corner of the window to save your changes.
- Repeat steps 1 through 5 for each employee.
If an employee is not assigned to a pension group, when their paycards are created, there will be no pension group assigned. Consequently, when the paycard is posted, there will be no pension group referenced, and therefore the information will not report on the T4. It is imperative that you ensure the pension group setup is correct prior to processing/posting any payroll runs.
