Statement of Remuneration Paid
January 22, 2024
A T4 slip identifies all of the remuneration paid by an employer to an employee during a calendar year.
When to Issue
If you are an employer (resident or non-resident) and you paid your employees employment income, commissions, taxable allowances and benefits, fishing income, or any other remuneration, you must issue a T4 slip
How to Fill out
Identification
Year
Enter the 4 digits of the calendar year in which you made the payment to the employee.
Employer's name
Enter your legal name, your operating or trading name (if it differs from your legal name) and address.
Employee's name and address
Enter all in capital letters the employee's last name followed by the employee's first name and initials.
If the employee has more than one initial, enter the employee’s first name followed by the initials in the "First name" field.Do not enter titles, such as Director, Mr, or Mrs.Enter the employee's home address, including the province or territory, the postal code and the country.
Box 10 Province of employment
Enter the provincial or territorial abbreviation for the province or territory of employment. This is not always the province where the employer is located.
Box 14 - Employment income - line 10100
Enter this amount on line 10100 of your tax return.
Box 16/Box 17 - Employee's CPP/QPP contributions - line 30800 and line 22215
Use the total of the amounts shown in boxes 16 and 17 of your T4 slips when you complete Schedule 8 or Form RC381, whichever applies, to calculate the amounts to claim on line 30800 and line 22215 of your tax return.
Box 18 - Employee's EI premiums - line 31200
Enter this amount on line 31200 of your tax return.
Box 20 - RPP contributions - line 20700
Enter this amount on line 20700 of your tax return.This amount includes past service contributions.
Box 22 - Income tax deducted - line 43700
Enter this amount on line 43700 of your tax return.
Box 24 - EI insurable earnings
This amount is the employment insurance (EI) insurable earnings that your employer used to calculate the amount of EI premiums that is shown in box 18.For more information on an employment insurance overpayment, go to line 45000
Box 52 - Pension adjustment - line 20600
Generally, this amount represents the value of the benefits you earned in the year under a registered pension plan or a deferred profit-sharing plan.This amount is not an income or a deduction. You only have to enter it on line 20600 of your return. The CRA will use it to calculate your RRSP/PRPP deduction limit for next year, which the CRA will show on your latest notice of assessment, notice of reassessment, or Form T1028, Your RRSP/PRPP Information for 2019.If you have any questions about the amounts shown on your T4 slip, contact the issuer of the slip.
Box 55 - Employee's PPIP premiums
If you were a resident of Quebec on December 31 of the tax year, see line 31205 for more information. If you were a resident of a province or territory other than Quebec on December 31 of the tax year, see line 31200 for more information.
Box 56 - PPIP insurable earnings
The amount shown in box 56 is the provincial parental insurance plan (PPIP) insurable earnings that your employer used to calculate the amount of PPIP premiums that is shown in box 55.
Other information
The "Other information" area at the bottom of the T4 slip has boxes with codes and amounts that relate to employment commissions, taxable allowances and benefits, deductible amounts, fishers' income, and other entries if they apply.
Box 30 - Board and lodging
Do not report this amount on your tax return. This amount is already included in box 14.
Box 31 - Special work site
Do not report this amount on your tax return.
Box 32 - Travel in a prescribed zone
Do not report this amount on your tax return. This amount is already included in box 14.
Box 33 - Medical travel assistance
Do not report this amount on your tax return.
Box 34 - Personal use of employer's automobile or motor vehicle
Do not report this amount on your tax return. This amount is already included in box 14.
Box 36 - Interest-free and low-interest loans
Do not report this amount on your tax return. This amount is already included in box 14.
Box 38 - Security options benefits
Do not report this amount on your tax return. This amount is already included in box 14.
Box 39 - Security options deduction 110(1)(d)
Enter this amount on line 24900 of your return.
Box 40 - Other taxable allowances and benefits
Do not report this amount on your tax return. This amount is already included in box 14.
Box 42 - Employment commissions
Enter this amount on line 10120 of your tax return.This amount is already included in box 14.
Box 43 - Canadian Armed Forces personnel and police deduction
Enter this amount on line 24400 of your tax return.
Box 66 - Eligible retiring allowances
See line 13000.
Box 67 - Non-eligible retiring allowances
See line 13000.
Box 68 - Indian (exempt income) - Eligible retiring allowances
Do not report this amount on your tax return.
Box 69 - Indian (exempt income) - Non-Eligible retiring allowances
Do not report this amount on your tax return.
Box 71 - Indian (exempt income) - Employment
Do not report this amount on your tax return. See Form T90. Do not enter this amount on line 10100 or lines 13499 to 14300.
Box 74 -
Past service contributions for 1989 or earlier years while a contributor.
Box 75 - Past service contributions for 1989 or earlier years while not a contributor
See line 20700.
Box 77 - Workers' compensation benefits repaid to the employer
Enter this amount on line 22900 of your tax return.
Box 78 - Fishers - Gross income
See Form T2121. Do not enter this amount on line 10100 of your tax return.
Box 79 - Fishers - Net partnership amount
See Form T2121. Do not enter this amount on line 10100 of your tax return.
Box 80 - Fishers - Shareperson amount
See Form T2121. Do not enter this amount on line 10100 of your tax return.
Box 81 - Placement or employment agency workers
Gross Income - See Form T2125. Do not enter this amount on line 10100 of your tax return.
Box 82 - Taxi drivers and drivers of other passenger - carrying vehicles
Gross Income - See Form T2125. Do not enter this amount on line 10100 of your tax return.
Box 83 - Barbers or hairdressers
Gross Income - See Form T2125. Do not enter this amount on line 10100 of your tax return.
Box 85 - Employee-paid premiums for private health services plans
See line 33099.
Box 86 - Security options election
Do not report this amount on your tax return. This amount is already included in box 14.
Box 87 - Emergency services volunteer exempt amount
See "Emergency services volunteers" at line 10100, and the information at lines 31220 and 31240.
Box 88 - Indian (exempt income) - Self-employment
Do not report this amount on your tax return. See Form T90. Do not enter this amount on line 10100 or lines 13499 to 14300.
For further information please contact Taxtron Support at 416-491-0333 or visit www.taxtron.ca