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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.
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- General information. What are your responsibilities? As an employer, you must do the following: Deduct Canada Pension Plan/Quebec Pension Plan (CPP/QPP) contributions, employment insurance (EI) premiums, provincial parental insurance plan (PPIP) premiums (also known as the Quebec Parental Insurance Plan or QPIP), and income tax from remuneration or other amounts you pay.
- T4 slips. When to fill out a T4 slip. Most amounts paid to an individual by an employer are referred to as remuneration. You have to fill out a T4 slip to report the following
- T4 Summary. If you are filing your return electronically, do not send us a paper copy of the slips or summary but keep a copy for your records.
- T4 information return. In all instances, you have to file your T4 information return on or before the last day of February following the calendar year that the information return applies to.
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.
2 days ago · Tax return or tax account transcript types delivered by mail. Transcripts that arrive in 5 to 10 calendar days at the address we have on file for you. Get transcript by mail. You can also request a transcript be mailed to you by calling our automated phone transcript service at 800-908-9946. For more information, visit our Transcripts services ...
Code 39 – Security options deduction – 110(1)(d) If the employee is entitled to a deduction under paragraph 110(1)(d) of the Income Tax Act, enter code 39 and one-half of the amount you reported under code 38 for those shares. Do not include this amount in box 14. For more information, go to cra.gc.ca/stockoptions.
An employer submits its T4 summary along with its T4 slips to the CRA. What is line 15000 on the T1 tax return form? Line 15000 on the T1 tax return form corresponds to your total income before deductions. The number on line 15000 can be calculated by adding the amounts found on lines 10100, 10400 to 13010, 13500 to 14300, and 14400 to 14700 on ...
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What is a T4 summary on a tax return?
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How do I file a T4 slip for 2023?
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.
