The T4 slip or “Statement of Remuneration Paid” summarizes the earnings paid to an employee over a calendar year. It also shows other specific amounts that an employee will use later for income tax purposes. Boxes 57, 58, 59 and 60 are not used again this year, but are still required for any 2020 T4 amendments. For information on completing and filing 2022 T4's please visit: https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/rc4120/employers-guid

The T4 slip or “Statement of Remuneration Paid” summarizes the earnings paid to an employee over a calendar year. It also shows other specific amounts that an employee will use later for income tax purposes. There have also been revisions for the 2021 calendar year as boxes 57, 58, 59 and 60 are not used this year, but are still required for any 2020 T4 amendments. For information on completing and filing 2021 T4's please visit: https://www.canada.ca/en/revenue-agency/service

The T4 slip or “Statement of Remuneration Paid” summarizes the earnings paid to an employee over a calendar year. It also shows other specific amounts that an employee will use later for income tax purposes. There have also been revisions for the 2021 calendar year to report earnings during the COVID19 outbreak. For a quick peek at the new T4 reporting requirements for 2020 please visit: https://www.canada.ca/en/revenue-agency/campaigns/covid-19-update/support-employers-cra-c

The T4 slip or “Statement of Remuneration Paid” summarizes the earnings paid to an employee over a calendar year. It also shows other specific amounts that an employee will use later for income tax purposes. There are certain criteria involved upon issuing a T4. As an employer, you would have to complete T4 slips for all individuals who received remuneration during the calendar year if: There were deductions of CPP/QPP contributions, EI premiums, PPIP premiums, or income tax

Each year the CRA specifies the top 10 payroll non-compliance errors that their auditors consistently come across out in the field. Payroll can be very complex and requires proper documentation and recording, review the list below to see if your organization is at risk. Top 10 areas of concern: Taxable automobile benefits – It is important to maintain proper logbooks to separate the personal and business use of a vehicle so the benefit can be calculated properly. Reclassifyin

Is your T4 accurate, or have you noticed an error? 2018 T4’s have been issued so make sure you have received yours. All your other tax slips will be arriving in the mail as well so keep an eye out as they easily get lost in all the junk mail. If you subscribe to electronic mail you should retrieve them from the website. A T4 slip summarizes the money paid to you during a calendar year, including amounts deducted at source; these amounts are paid directly to the government. Th

If you remember the new provincial sales tax that Saskatchewan introduced late in 2017 for insurance premiums, which was short lived, as of February 26, 2018 provincial sales tax was eliminated and it extended retroactively. The sales tax collected would be refunded to the employers and employees eventually. Thanks to the Canadian Payroll Association (CPA), the Canada Revenue Agency (CRA) has agreed that 2017 T4 and T4As are not to be amended for the PST from August to Decemb