A T4 slip is a Canadian document that provides detailed information about an employee’s income, tax deductions, bonuses, and benefits for one calendar year.
Find an editable T4 slip on our Forms hub and open it in our editor with a single click. There, you can use the Add Text option to type directly on the document and fill it out with the required information.
A T4 slip is a Canadian document that provides detailed information about an employee’s income, tax deductions, bonuses, and benefits for one calendar year.
Find an editable T4 slip on our Forms hub and open it in our editor with a single click. There, you can use the Add Text option to type directly on the document and fill it out with the required information.
Step 1: Open a T4 slip in our PDF editor.
Step 2: Enter the employer’s name, account number, and the calendar year for which you’re filling out information.
Step 3: Add the employee’s name and address.
Step 4: Complete the information about income, benefits, and deductions, according to the T4 slip instructions.
Step 5: Fill out both parts of the slip and split them.
Step 6: File one part of a T4 slip with the CRA, and submit the other to your employee.
A T4 slip is a Canadian form used as a summary of an employee’s remuneration for a calendar year, containing information about their salary, benefits, and tax deductions. Employees use this document to correctly file their personal income tax return.
A T4 slip is filled out by employers for their employees, but it is primarily used by employees for tax purposes.
Employers must furnish their employees with T4 slips by February 28 to give them enough time to fill out and file their tax returns, which are due by the end of April. If this date falls on a weekend, the deadline is pushed to the next business day.
If a T4 slip is not submitted to employees and the CRA by the deadline, penalties may apply. Their amounts depend on how late the filing is and if they are filed at all. Failure to file comes with a $25 penalty per slip each day the deadline is missed, up to a maximum of $2,500.
Furthermore, the number of late slips can affect the penalty, which may range between $1,000 and $7,500.
You should file one part of a T4 slip with the Canada Revenue Agency (CRA), while the other should be furnished to your employees. When filing with the CRA, you can use their online portal or submit the slips in paper form if there are 50 or fewer.
You can get a blank T4 slip from pdf.net or the official CRA website. In both cases, you can easily fill out this form in our editor.
You can submit the T4 slip electronically, and you are also expected to do so if you’re filing more than 50 forms. In this case, you should use the CRA’s online submission portal to submit these documents.
If you’ve received a T4 slip with missing information from your employer, you should contact them as soon as possible to request an amended slip. They should also update your remuneration details with the CRA to ensure there are no issues with your tax return. Compare the document you receive with an official T4 slip example to ensure everything’s in place.
You can fill out your T4 slip online using our PDF editor or the official CRA e-filing portal. In either case, all you need to do is type the information into the empty slots.
This form is free to view and edit, but not to download, as you need to purchase a subscription plan to save it to your device.
You can correct mistakes on a T4 slip, and we advise you to do that as soon as possible. As an employer, you can amend the slip directly in the e-filing portal if you’ve submitted the slips electronically. For paper filings, send a new copy with “AMENDED” clearly indicated on the top of the page.
You can expect to receive your T4 from your employer by February 28th or the first business day after it if it falls on a weekend.