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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.
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.
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.
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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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 ...
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Mar 8, 2021 · For 2020, four new boxes were added in the Other Information area of the T4, normally where you might see an amount for box 40 for a taxable benefit, for example. The four new boxes, boxes 57, 58, 59, and 60, all correspond to the CERB periods in 2020. The CRA has required employers to advise on what portion of their employees’ employment ...
