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Form T4 Statement of Remuneration Paid - Canada (English / French)
What Is Form T4?
Form T4, Statement of Remuneration Paid , is a document that Canadian employers are supposed to furnish to all their employees that receive salaries, wages, bonuses, and other employment payments. The purpose of the form is to provide employees with information about how much income total they have received from the employer during the tax year, and how much income tax was deducted from their income. This form was issued by the Canadian Revenue Agency (CRA) and was last revised on January 1, 2020 . A fillable T4 Form is available for download below.
Alternate Names:
- T4 Summary Form;
- T4 Tax Form.
After receiving the completed document from their employer, employees can use the information presented there to fill out their Income Tax Return and applicable schedules. The appropriate tax return will depend on the province where the employee resides. Visit the official website of the Government of Canada to find out more on the subject. If the employee has questions about any amounts included in their T4 slip, they should contact the issuer of the document (their employer).
How to Fill Out T4 Statement of Remuneration Paid?
Form T4 is presented in the form of a chart, which is accompanied by instructions on how to use the information presented there. The document consists of several parts, which include the following:
- Employment Information . In the first part of the document, the employer must designate their name, account number, province of employment, and employment code. In addition to this, the employer must state the tax year the document is dedicated to.
- Employee Information . Here, the employer must state the name of their employee, their address, and employment insurance number. This information is needed for the correct identification of the employee this document is dedicated to.
- Amounts Received . Employers are supposed to use this section of the form to indicate the amounts their employee has received during the year, which include their employment income, employment insurance benefits, pension adjustment, and others.
- Amounts Deducted . The employer must state any amounts that were deducted from the employee (or contributed by the employee). These amounts can include deducted income tax, charitable contributions, union dues, etc.
- Instructions . The last part of the document includes guidelines, which can help the employee understand how to read and use the information presented in the form. They explain how each of the amounts mentioned there can be indicated in the employee's income tax return. Additionally, the instructions provide information on what types of amounts are included in employment income, therefore are not supposed to be designated separately on the tax return. These amounts may include board and lodging, a special work site, travel in a prescribed zone, and more.
Other Revision
Download Form T4 Statement of Remuneration Paid - Canada (English / French)
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