Basic information for small business owners about issuing T4 and T4A information slips

Issuing T4 and T4A information slips is what a small business owner should be familiar with especially if the business hires employees or sub contractors.

T4 information slip

A T4, Statement of Remuneration Paid, is given to your employees to report items such as:

  • Most amounts paid to the employees such as salaries and wages
  • Taxable benefits and allowances
  • Certain kinds of pension adjustment amounts; and
  • CPP, EI, and income tax deducted

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T4A information slip

The T4A, Statement of Pension, Retirement, Annuity and Other Income, is given to individuals to report items such as:

  • Certain types of pension payments
  • Self-employed commissions
  • Fees for services; and
  • Income tax you deducted

How to distribute T4 or T4A slips

  • Give 2 copies of the slip to each employee or recipient
  • Send 1 copy to the Canada Revenue Agency (CRA); and
  • Keep 1 copy for your records

T4 summary or T4A summary

For both the T4 and the T4A, you need to file a Summary, which gives the total figures from the slips. There are separate summaries for T4s and T4As. Send one copy to the CRA and keep one copy for your records.

When are T4s and T4As due?

All slips and summaries are due by the last day of February following the calendar year to which they apply. 

A penalty may apply for late-filing.

The payroll steps – an employer’s responsibilities with the CRA

 

Additional information