Process your final pay of the year

It is recommended that all changes required to be included in the T4s/RLs are updated to your masterfile on or before the final run of the year:

• reversals and manuals must have been entered (adjustments that add or subtract from the employee’s year-to-dates and adjusts remittances accordingly)
• taxable benefits that did not process through the payroll must have been entered
• all names, addresses and SIN numbers must be correct
• any CPP/QPP, EI and QPIP deficiencies must have been corrected

However, this is not always possible, as some information may not be available to you until early in the new year. For example, pension adjustments.

It is your responsibility to ensure that all year-end adjustments are properly submitted using the correct system codes for the input method that you use. In order to ensure that these corrections amend your 2024 year-to-dates, and not 2025, a special processing run must be created. This is called a year-end adjustment run or Y-Run.

Note: Additional charges apply for this service.

See also

• Date your final pay of the year
• Prior to the first pay of 2025
• After the first pay of 2025
• About year-end runs (Y-Run)
• Code the ‘Other Information’ area of the T4
• Enter T4 Other Information Amounts on Year End Runs
• Complete box 29 of the T4—employment codes
• Verify year-end adjustment payroll data