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

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