Helpful tips

What do the box numbers mean on a T4?

What do the box numbers mean on a T4?

The large box on the left will contain your Name and Address. Box 12 – this is your Social Insurance Number, or SIN. Box 14 – this is the Income that you earned in this job. Box 22 – this is the Income Tax that you paid. Box 16 – this is a tax called CPP or Canadian Pension Plan.

What is Box 30 on a T4?

Code 30 – Board and lodging If you provided an employee with free or subsidized housing, or board and lodging, enter code 30 and the corresponding taxable amount. Also include this amount in box 14.

Why do I have 2 t4s from the same employer?

If you receive multiple T4 slips, they must be added together to reflect your full earnings and deductions for the tax year. you worked in different provinces in the same tax year. your wage-loss replacement plan changes during the tax year.

What is employment code box 29 on T4?

placement
If you are paying amounts to placement or employment agency workers, taxi drivers or drivers of other passenger-carrying vehicles, barbers or hairdressers, or fishers (self-employed), go to Box 29.

What is Box 28 on a T4 slip?

Box 28 on your T4 slip specifies CPP/QPP, EI, and PPIP exemptions. This means that your employer did not withhold (or deduct) CPP/QPP contributions, EI premiums, and/or PPIP premiums from your pay.

What is Box 20 on T4?

Enter the total amount the employee contributed to a registered pension plan (RPP). Enter any deductible retirement compensation arrangement (RCA) contributions you withheld from the employee’s income. …

What is Box 32 on T4?

The travel benefit found on box 32 of your T4 slip. The total of your travel expenses. The lowest return airfare available at the time of the trip between the airport closest to your Northern residence and the nearest city.

Do employers send T4 to CRA?

Each of your employers will issue a T4 slip for your employment for the year. 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.

Can I file taxes without T4?

Well, yes and no. To file your tax return without your T4 slip, you still need the information from it. They are required to provide your T4s for you by the end of February following the tax year-end. If you need your T4 from previous tax years, ask CRA online at Canada Revenue Agency or call 1-800-959-8281.

What is employment code?

Employee code is an identification code given to the employee to identify him/her using the unique number that is assigned to them. The employee code applies to every employee of the company including directors, managers, officers, and employees.

Where is the other information on a T4 slip?

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. Do not report this amount on your tax return. This amount is already included in box 14.

Is there an amount box in the T4?

This article only applies if you have an amount in boxes 78, 79, 80, 81, 82, or 83 of your T4. Sometimes, slip issuers make mistakes when filling out T4s. To help you avoid an audit, we check to make sure your slip is completed properly before you file your return. Your employment code in box 29 is mandatory for CPP calculation purposes.

Where do you put QPP contributions on T4 slip?

Even if you did not have to deduct CPP, EI, or income tax from the payments, you still have to include these amounts in box 14. Enter the amount of Canada Pension Plan (CPP) or Quebec Pension Plan (QPP) contributions you deducted from the employee’s pensionable earnings in box 16 or box 17, depending on the province or territory of employment.

Where to put gross earnings on T4 slip in Quebec?

Include this amount in box 24 (in box 56 for fishers in Quebec) and with code 78. Do not include this amount in box 14. This is the gross earnings of placement and employment agency workers. For more information, go to Placement or employment agency workers.