T4 Slips and T4 Summary
T4 slips list the employee earnings and tax information
you must submit to the federal government at the end of the calendar year.
This information includes:
- Employment income
- Canada Pension
Plan (CPP) and Quebec Pension Plan (QPP) contributions
- Employment Insurance
(EI) premiums, Quebec Parental Insurance Plan
- Income tax deducted
- Taxable benefits
- Employee and employer
You can file paper
copies of T4 slips, or you can file
them electronically. However, in both cases, you have to provide copies
to your employees. Note: If you are filing more than 50 slips, the CRA requires you to file your slips electronically.
A T4 Summary lists the total values from amounts reported
on related T4 slips, and is submitted together with the T4 slips.
Printing T4 slips and summary
You can use Sage Simply Accounting to print T4 slips and its
associated T4 summary on pre-printed forms or on plain paper. If you are
using pre-printed forms, we recommend you do a test print so that you
the print alignment and font settings if necessary.
Sage Simply Accounting offers the option to electronically
your T4 slips via the Internet File Transfer (XML) service or on electronic media. For more information
about filing T4 slips and summary electronically, see About
Filing T4 Slips Electronically. You do not need to submit a summary
when you file electronically.
General prerequisites for filing T4 slips
Before filing, verify that you have these prerequisites:
- Reviewing the values
on the T4 and RL-1 Reporting tab in the employee
records and making all required adjustments.
- Ensuring that you
have made all required adjustments to employee paycheques
for the payroll calendar year.
- Checking your company
information in Sage Simply Accounting to make sure a business number, company name, and
address are entered.
- Making sure each
employee record has a SIN, first and last name, full address including
their province of residence. You should also check to see if you have
entered a RPP/DPSP
Registration Number, any pension adjustments, QPIP, and Insurable Earnings
- Making sure the
correct T4 Employment Code is entered in the employee
record. This is only applicable in these situations: (refer to your
government-supplied documentation for more information on completing T4
slips for these employees)
- 11 - Placement
- 12 - Driver of
taxi or other passenger-carrying vehicle
- 13 - Barber or
- 14 - Withdrawal
from prescribed salary deferral arrangement plan
- 15 - Seasonal
Agricultural Workers Program
- 16 - Detached
employee-social security agreement
the T4 Summary information.
What do you want to do?
File T4 slips
and summary electronically
File T4 slips on paper
Print the T4 slips
File amended T4
up your form options for T4 slips and summary