--000000000000816228064d51d79a Content-Type: multipart/alternative; boundary="000000000000816227064d51d799" --000000000000816227064d51d799 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 > > Vancouver, BC > > Office: 778.279.3634 > > sspeirs@thekey.com > > TheKey.ca > > [image: TheKey] > > > > > > > > On Wed, Mar 18, 2026 at 11:05=E2=80=AFAM Irin Eva w= rote: > >> Hi Sharon: >> >> There was a discrepancy in the bonus amounts for this week=E2=80=99s Van= couver payroll, >> and we need to deduct the overpayment. >> >> Could you please check with the team how they would like to recover? >> Specifically, would they prefer a single deduction or to spread it acros= s >> multiple payments? >> >> Once you have confirmed their preference, we will issue a wage agreement >> form based on that information. >> >> [image: image.png] >> >> Thanks, >> Irin >> -- >> >> *For All Kind of Payroll Inquiries Please Copy Canada Payroll Email >> - canadapayroll@thekey.com * >> >> >> Irin Nahar Eva, PCP, PLP (CPM) >> >> Payroll Manager - Canada >> >> *647-932-6409 * >> >> irin.eva@thekey.com >> >> >> --=20 *For All Kind of Payroll Inquiries Please Copy Canada Payroll Email - canadapayroll@thekey.com * Irin Nahar Eva, PCP, PLP (CPM) Payroll Manager - Canada *647-932-6409 * irin.eva@thekey.com --000000000000816227064d51d799 Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Hi=C2=A0Sharon, If the amount is repaid i= n the same tax year it was paid, we reverse the original earnings through p= ayroll. This adjusts the following: - Gross earnings: Decreased -= Income tax: Decreased - CPP: Decreased - EI: Decreased As a r= esult, your taxable income is corrected automatically, and your T4 will ref= lect the correct net earnings. No extra action will be required on your par= t at tax time. Thanks, Irin On Wed, Mar 18, 2026 at 3:29=E2=80=AFPM Sharon S= peirs < sspeirs@thekey.com > = wrote: Hi Irin My team is asking about the = tax implications, specifically the taxes taken off due to the overpayment? How does that work so I can let them know how they will get it ba= ck? Sharon Sharon, Speirs General Manager = Vancouver, BC= Office: 778.279.363