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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.
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.
- Alberta
- Manitoba
- British Columbia
- New Brunswick
- 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.
a paper copy of the slips or summary. For information about filing electronically, see “Electronic filing methods,” starting on page 19, or go to cra.gc.ca/iref. If you are filing on paper, use the T4 Summary, Summary of Remuneration Paid, to report the totals of the amounts reported on the related T4 slips.
Jan 11, 2024 · You can find the T4 Summary form on the CRA website. Your T4 Summary must be filed with the CRA by the last day of February of the following year. If you miss the filing deadline, you might be penalized by the CRA. If you file more than 5 T4 slips for a calendar year, they must be submitted electronically.
Feb 16, 2022 · When an employer gives you a T4 slip, they also send a copy of it to the CRA. Employers have until the end of February each year to issue their employees’ T4 slips for the preceding tax year. Your employer may provide you with a paper copy, either directly or in the mail. Or, they may issue you your T4 electronically, via email or through ...
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Feb 19, 2020 · The T4 Summary is the report that an employer creates and submits to the CRA by the end of February each year. It represents the total of the information reported on all of the T4s they created for each employee for the calendar year. The T4 Summary provides important information such as total insurable earnings for all employees, which is good ...
