T1204 slip

T1204 Slip

A T1204 slip identifies the total contract payments a federal department or agency, or Crown corporation, made during a calendar year for services and/or payments for products, expenses, or reimbursements.

Year

Enter the 4 digits of the calendar year in which you made the payment to the recipient.

Box 23 – Recipient type

Enter the appropriate code from the following list:

Recipient codes and related types of recipient

Recipient code ---- Type of recipient

1 Sole proprietor (RT)

3 Corporation (RC)

4 Partnership

Box 82 – Service payments only

Report the total amount of payments you made for services (including reimbursements) during the calendar year. Do not report this amount in box 84. Do not include GST/HST or PST in the amount reported in box 82. Under the CRA's administrative policy, a slip must be issued if the total of all payments in the calendar year were more than $500 (do not include GST/HST).

Box 84 – Mixed services and goods payments

Report the total amount of payments you made related to the provision of mixed goods and services (including reimbursements) where there is an identifiable service component whether or not the goods were purchased outright, leased or rented. Do not include service payments that you reported in box 82. Do not include GST/HST or PST in the amount reported in box 84.

The following types of payment are exempt from this reporting requirement:

Rental or leasing of office space or equipment

Direct purchases made using acquisition cards

Direct purchases made under local purchase

Utility Payments

Box 12 – Sole proprietor's social insurance number

If the recipient is an unincorporated entity, enter the recipient's social insurance number.

Box 61 – Recipient's business account number

If the recipient is an incorporated entity, enter the 15-character business number (for example, 123456789RC0001) that the recipient would use when filing their own tax returns.

Box 86 – Partnership's account number

Enter the partnership's business number or GST/HST number and the partnership filer identification number, if the contractor has one.

Recipient's business name and address

Enter the name under which the recipient carries on the business (the name as it appears on invoices or on cheques the payer submitted or paid to the contractor).

This name must be the one associated with the social insurance number or business number.

If the recipient is a sole proprietor, the recipient's last name, first name, and initial must also be shown.

Enter the recipient's business address.

Payer's name Enter your business or individual name.

Payer's program account number Enter your 15-character account number (for example, 123456789RT0001) on your copy and the copy you send to the CRA only.

Do not enter your account number on the copies you give to the contractors.

For sole proprietor only If the recipient is an unincorporated entity, enter the last name, first name and initial.

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