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 T2200 form is a Declaration of Conditions of Employment that an employer completes for their employees if an employee is required to work from home and/or results in them having to incur expenses while working from home. New for the 2020 tax year, there is a T2200S form that an employer completes for their employees if an employee was required to work from home due to the COVID-19 outbreak and/or resulted in them having to incur expenses while working from home. The T2200

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

Have you ever wondered how your payroll is calculated? Your pay stub shows your gross pay, deductions, and your net pay; the smaller amount that goes into your bank account. Payroll can be very complex and complicated due to the number of rules there are to follow, but I will run through a simple example so you can get the basic idea of how your payroll is calculated. After you read through this, you may want to decipher your own pay stub. Grab a coffee and take some notes, y

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

Have you ever bought cupcakes? Were they behind the glass where you couldn’t reach them? Did you wish you could lick some of the icing off to see if it was the good stuff? When you got home and enjoyed your luxury cake product, was it as good as you thought it would be or was it hiding a surprise? I’ve tasted a few cupcakes in this lifetime and let’s face it, we know when something looks good. But sometimes what looks good on the surface may be hiding a secret underneath, suc