The employer made TFSA contributions to 5 employees but the system was not properly set up to calculate the taxes that should have been taken. Can you help?

Hi alfred2,

Making sure your taxes are being tracked correctly is an essential part of record keeping. When this gets off track, it's crucial to address it promptly. Don't worry; I can point you in the right direction.

How you record the adjustment will depend on how you plan on dealing with the difference. I suggest you reach out to your accountant. Your accounting professional is an expert in their field and can advise you on the best path for your company. If you don't have one, you can find one familiar with QuickBooks through this link: Find an Accountant.

If you have any questions, reach back out. Take care.