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Fill out and file all T4 slips and the T4 Summary using electronic filing methods, or on paper, within: 30 days from the date your business stops. 90 days from the date a partner or the sole proprietor dies. If you are filling the T4 return by paper, mail the return to the address provided on the T4 Summary.
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What is a T4 Summary. The T4 Summary (T4SUM) represents the total of the information reported on all of the T4 slips you prepared for each employee for the calendar year. Information reported on the T4 Summary includes the totals for all employment income, CPP contributions, EI premiums, and income tax deducted, for all employees.
2023-12-18. The T4 Summary (T4SUM) represents the total of the information reported on all of the T4 slips that the employer prepares for each employee for the calendar year. Information reported on the T4 Summary includes the totals for all employment income, CPP contributions, EI premiums, and income tax deducted, for all employees.
A T4 slip, or “Statement of Remuneration Paid,” is a tax form produced by an employer and furnished to both an employee, as well as the Canada Revenue Agency (CRA). The form includes wages paid and taxes withheld, as well as assorted other information, such as amounts contributed to pension plans and employment insurance.
Jan 11, 2024 · When closing a business,you are required to file your T4 forms within 30 days of closing the business. The section COMING UP shows an accruing year where you can preview and print PDF forms for paper filing. Follow the steps below to get the T4 documents required for your Close Of Business filings: Naviagate to Taxes, then select Payroll tax ...
T4. : Statement of Remuneration Paid. If you were employed during the year, you’ll receive a T4: Statement of Remuneration Paid slip from your employer. This slip shows the income you earned in the year as well as any deductions (such as income tax, CPP and EI contributions, union dues, etc.). If you worked at more than one job, you’ll ...
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Feb 19, 2020 · The T4 Summary provides important information such as total insurable earnings for all employees, which is good to know for EHT limits; it also gives the total of contributions for CPP, EI, and income tax that the CRA is expecting that the employer submitted. Those totals are made up of both the employees’ contributions and the employers’.
