Statement of Employment Insurance and Other Benefits

T4E Slip

Employment insurance (EI) aims to replace a portion of lost earnings during unemployment, and it is funded by employee and employer contributions.When an employee stop working, the employer must issue a Record of Employment (ROE) within five days, indicating the reason for separation and other relevant details. Individuals should register for EI benefits within four weeks of separation. Employers are required to issue the Record of Employment (ROE) within five days when an employee's earnings are interrupted due to quitting, being laid off, termination of employment, or experiencing seven consecutive days without work or insurable earnings.

The employment insurance benefits received are subject to taxation. The total amount of employment insurance benefits paid throughout the year should be reported in Box 14 on the T4E slip and reported on Line 11900 of the tax return. Additional information regarding the benefits received is provided in Boxes 15 through 20, all of which are included in Box 14 and should not be entered elsewhere. Any benefits received from the Government's Employment Insurance (EI) plan must be included in the individual's income when calculating their annual income.

The amounts payable by the employer are usually calculated based on profits (e.g., 5% of the company's defined profits in the plan), but they can be calculated on any other basis as long as they are paid out of profits. The employer's payments must be made to a trustee in trust for the benefit of the employees or former employees.

Box numbers for income sources

Box 7 Repayment rate

If box 7 shows a rate of 30%, complete the repayment chart on your T4E slip to calculate how much of your employment insurance benefits you have to repay. For more information, see line 23500 and line 42200.

Box 14 Total benefits paid

Enter on line 11900 of your return the amount shown in box 14 minus any amount shown in box 18.These benefits may include benefits earned in the previous year but paid in the year shown on this slip.

Box 14 includes any amounts shown in boxes 15, 17, 18, 33, and 36.

Canada Emergency Response Benefit (CERB) This amount is also included in box 14. To determine the CERB amount, you can get an itemized statement for the benefit from My Service Canada Account.

Box 15 Regular and other benefits paid

This amount is included in the amount shown in box 14. This box includes work-sharing benefits paid and income benefits under Section 25 of the Employment Insurance Act.

Box 17 Employment benefits and support measures paid

This amount is included in the amount shown in box 14. This box includes employment insurance funded financial assistance paid while you were taking part in an approved employment program (that is not included in box 15).

Box 18

Tax exempt benefits This box applies to Indians registered, or eligible to be registered, under the Indian Act. This amount is included in box 14. See Form T90.

Box 20 Taxable tuition assistance

This amount is included in the amount shown in box 14. For more information about claiming a tax credit, see Form T2202, Tuition and Enrolment Certificate. This amount is also included in box 17 or box 33.

Box 21 Non-taxable tuition assistance

Enter this amount on line 25600 of your return. This amount does not qualify for a non-refundable tax credit. This amount is also included in box 17 or box 33.

Box 22 Income tax deducted

Enter this amount on line 43700 of your return.

Box 23 Quebec income tax deducted

If you were a resident of Quebec on December 31 of the tax year, enter this amount on your Quebec provincial return. If you were a resident of a province or territory other than Quebec on December 31 of the tax year, enter this amount on line 43700 of your federal return.

Box 24 Non-resident tax deducted

Enter this amount on line 43700 of your return.

Box 26 Overpayment recovered or repaid

his amount is the amount recovered from benefits paid, cash or a returned warrant applied to an overpayment. This amount is included in box 30.

Box 27 Reversal of income tax deducted

This is a reversal of the income tax deducted from an amount that was repaid. This amount is included in box 30.

Box 30 Total repayment

Enter this amount on line 23200 of your return. The amount in this box is the total of boxes 26 and 27. Use the amount in box 30 to determine the amount to report on line 0 of the repayment chart on the front of the T4E slip.

Box 33 Payments out of the consolidated revenue fund

This amount is included in box 14.

Box 36 Provincial Parental Insurance Plan benefits

This amount is included in box 14.

Box 37 EI maternity and parental benefits payment

This amount is included in box 14.

For further information please contact Taxtron Support at 416-491-0333 or visit www.taxtron.ca