Jun 25, 2024 · For detailed information on the amounts shown in the boxes of your T4 slip, see the corresponding box number below the following image: Enter this amount on line 10100 of your tax return.

Dec 31, 2024 · View examples of completed T4 slips in regular and special situations. Information on T4 slips for employers; how and when to complete and distribute the slips, box 45, how to amend, cancel, add, or replace T4 slips; how to correct CPP, EI and salary overpayment errors; and approval of customized forms.

T4 slips are used to report an employee’s income, deductions and other information required by law. Beginning January 1, 2024, you must begin to calculate the second additional CPP …

This table lists the balances that are required for end-of-year reporting for the T4 slip. Some of them are automatically fed. You must manually establish feeds for the rest of the balances reported on year-end slips.

For T4 slips submitted for the 2024 tax year and beyond, only report union dues associated with tax-exempt employment income paid to registered employees or eligible for registration under the Indian Act, using Code 95. The Canada Revenue Agency has introduced new codes for the T4 slip for the 2024 tax year as follows: Code 94 - Indian (exempt...

Jan 17, 2024 · What is a T4 Slip? A T4 slip, also known as a Statement of Remuneration Paid, summarizes your employment income and deductions for the previous tax year. It's issued by your employer by the end of February each year. Key details provided on your T4 slip include:

Feb 9, 2025 · The T4 slip, also known as the Statement of Remuneration Paid, is a crucial document that reports your employment income and tax deductions to both you and the Canada Revenue Agency (CRA).

3 days ago · After January 1, 2024, any employee who contributes to the CPP or QPP will make CPP2 or QPP2 contributions if and when their annual income surpasses the first earnings ceiling, the Year's Maximum Pensionable Earnings (YMPE). Employers will make a matching CPP2 or QPP2 contribution.

Jan 24, 2025 · What is T4 Box 40? Box 40 is a section on your T4 – Statement of Remuneration tax slip where your employer lists out your other taxable allowances and benefits besides your wages or salary. Not everyone will have a Box 40 amount on their T4 slip.

Consult information on this page to understand how some of the common pay, entitlement and deduction types are reported on your tax slip. Image of a T4 slip: Statement of Remuneration Paid. The amount reported is the sum of all taxable gross earnings paid including any overtime.