--000000000000bc8065064d5221b7 Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Hi Sharon, If the amount is repaid in the same tax year it was paid, we reverse the original earnings through payroll. This adjusts the following: - Gross earnings: Decreased - Income tax: Decreased - CPP: Decreased - EI: Decreased As a result, your taxable income is corrected automatically, and your T4 will reflect the correct net earnings. No extra action will be required on your part at tax time. Thanks, Irin On Wed, Mar 18, 2026 at 3:29=E2=80=AFPM Sharon Speirs = wrote: > Hi Irin > > My team is asking about the tax implications, specifically the taxes take= n > off due to the overpayment? > How does that work so I can let them know how they will get it back? > Sharon > Sharon Speirs General Manager sspeirs@thekey.com Mobile: (778) 991-3361 Office: (778) 279-3634 TheKey.com *We value your feedback. Please leave us a Google review* --000000000000bc8065064d5221b7 Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Hi=C2=A0Sharon, If t= he amount is repaid in the same tax year it was paid, we reverse the origin= al earnings through payroll. This adjusts the following: - Gross ear= nings: Decreased - Income tax: Decreased - CPP: Decreased - EI: De= creased As a result, your taxable income is corrected automatically,= and your T4 will reflect the correct net earnings. No extra action will be= required on your part at tax time. Thanks, Irin On Wed, Mar 18, 2026 at 3:29=E2=80=AFPM Sharon Sp= eirs < sspeirs@th= ekey.com > wrote: Hi Irin My team is a= sking about the tax implications, specifically the taxes taken off due to t= he overpayment? How does that work so I can let them know how the= y will get it back? Sharon Sharon Speirs General Manager =20 ssp= eirs@thekey.com Mobile: (778) 991-3361 Office: (778) 279-3634 = TheKey.com We value your feedback. Please leave us a Google review <a style=3D"displa= y:block;vertical-align:middle;max-width:100%;margin:30px 0;border-style:non= e" href