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 · 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.

A T4 slip identifies all of the remuneration paid by an employer to an employee during a calendar year.

What is Box 40 on a T4? Box 40 is a section on your T4 slip where your employer documents any other taxable benefits besides your wages or salary. This can include travel and food allowances, company cell phones and laptops, or other benefits. Not everyone will have a filled out Box 40.

This guide gives you basic information to fill out T4 slips for your employees. T4 slips are used to report an employee’s income, deductions and other information required by law.

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:

Mar 2, 2021 · There will also be figures you will need for completing your tax return reported in “boxes” of the T4 slip. Each box corresponds to a certain “line” on the T1 General Tax Return. The most common box numbers and the corresponding line numbers are as follows: Box 14: Employment Income – Line 10100

Jul 29, 2016 · What is a T4? The T4 is the key piece of paper that you will need in order to file your taxes in Canada. Officially known as T4 Statement of Remuneration Paid, the slip provides most of the important information you need to complete your tax return. You are required to report all your T4s in the year you earned the income.

Feb 9, 2025 · T4 Box: Tax Return Line Number: Description: Box 14: Line 10100 – Employment Income: Report total gross employment earnings. Box 16: Line 30800 – CPP Contributions: Enter the amount deducted for CPP. Box 18: Line 31200 – EI Premiums: Enter EI premiums deducted. Box 20: Line 20700 – RPP Contributions: If part of a pension plan, report ...

What does each box mean on the T4 Slip? On your T4 slip, there are “boxes” where you input important figures that are required for your tax return. On the T1 General Tax Return, there is a “line” number that corresponds to each box where you can input accordingly.