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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.
- Alberta
- Manitoba
- British Columbia
- New Brunswick
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.
How to file information returns. Find out which methods to use to file information returns. Distribute the slips. When and how to distribute slips to your employees, including what to do if the slips are returned as not deliverable. Receiving payroll correspondence from the CRA. What to expect from the CRA after you filed your information returns.
share of CPP or QPP contributions on the T4 slip.To verify an employee’s CPP contributions at year-end before you fill out and file the T4 slip, see Appendix 3 in Guide T4001, Employer. uide – Payroll Deductions and Remittances.NoteIf you report an amount in box 16 or box 17, you have to report pensionable earnings.
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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.
When and how to file, original, amended and canceled information slips electronically (for example, T4, T4A, T5, and other type of returns), including how to use Web Forms. Filing electronically lets you: Get confirmation within minutes. File securely. Make changes.
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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’.
