How to Prepare a T4 Slip Watch Video
Allan Madan, CPA, CA
A T4 slip reports salary and wages paid by a Canadian corporation to its employees. Read More…
Disclaimer
The information provided on this page is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided on this page.
ABOUT THE AUTHOR
ALLAN MADAN
CPA, CA
Allan Madan is a CPA, CA and the founder of Madan Chartered Accountant Professional Corporation. Allan provides valuable tax planning, accounting and income tax preparation services in the Greater Toronto Area.
Do I have to send a copy of the T4 to CRA as well as keeping a copy for my files and one to the employee
Hi Bonnie,
Keep one copy of the T4 slip for your records and provide another copy to the employee. Send all employees’ T4 slips together with a T4 Summary to the CRA for processing.
In the summary of remuneration Paid, field 82 can I consider the Federal payroll deductions ARREARS or only Federal Payroll deductions Regular?
Hi Marcela,
If you properly deducted taxes and made the correct amount of payroll remittances each month, then the total of box 80 (total payroll deductions) should equal the amount in box 82 (total payroll remittances). In other words, box 82 represents regular federal payroll remittances.
“Send all employees’ T4 slips together with a T4 Summary to the CRA for processing.”
How do you send it to CRA? By mail? Or can it be online?
You can file online through the CRA’s website. See this link for instructions https://www.canada.ca/en/revenue-agency/services/e-services/filing-information-returns-electronically-t4-t5-other-types-returns-overview.html
Hello,
Box 22-Income tax deducted, is this the sum of CPP, EI and Tax deductions on income for each payroll or is it just the sum of total tax deductions on income for the entire year?
Thanks!
Hi Pinku,
Box 22 reports the income tax deducted, and not EI and CPP deductions.