from your employee, you should reimburse the employee the amount deducted in error and adjust your payroll records to reflect the reduced deducton. This will result in a credit on the CRA payroll account equal to the employee and employer portion of the overdeduction. you may reduce future remittance in the same calendar year.
If you can't refund the overpayment, show the total EI or CPP deducted and the correct insurable earnings on the T4slip of the emplyee. Once you have reported the employee's overpayment on the T4 slip, you can ask us for a refund by completing Form PD24, Applicaiton for a Refund of Overdeducted CPP Contributions or EI Premiums. Your request must be made no later than three years from the end of the year in which the overpayment occurred.
If you can't refund the overpayment, show the total EI or CPP deducted and the correct insurable earnings on the T4slip of the emplyee. Once you have reported the employee's overpayment on the T4 slip, you can ask us for a refund by completing Form PD24, Applicaiton for a Refund of Overdeducted CPP Contributions or EI Premiums. Your request must be made no later than three years from the end of the year in which the overpayment occurred.