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Include all salary, wages including pay in lieu of termination noticebonuses, vacation pay, tips and gratuities, honorariums, director's fees, management fees, and executor's and administrator's fees received to administer an estate as long as the administrator or executor does not act in this capacity in the regular course of business. These amounts may also have to be reported in the "Other information" area at the bottom of the T4 slip.
For more information, see Guide T Include amounts paid under a supplementary unemployment benefit plan SUBP such as employer-paid maternity, parental, and compassionate care top-up amounts, whether they are registered with Service Canada or not. Include payments out of an employee benefit plan EBP and amounts that a trustee allocated under an employee trust. Include amounts you paid to a member of a religious order who has taken a vow of perpetual poverty.
For example, if you reported Quebec in internet earnings 24 10, then report the QPP contributions you deducted in box Leave both boxes blank if the employee did not contribute to either plan.
RL-1 Slip – Employment and Other Income
There are situations when you do not have to deduct CPP contributions from the payments and benefits you give your employee. For example, the employee is age exempt or works in a type of employment or receives a benefit that does not require CPP deductions. Employment in Quebec Different contribution rates apply for employees working in Quebec.
More than one T4 slip for the same employee If an employee contributed to CPP and QPP during the year, you have to prepare two T4 slips as follows: one showing the province of employment as Quebec, the employee's QPP pensionable earnings in Quebec and the QPP contributions you deducted one showing the applicable province or territory internet earnings 24 employment other than Quebecthe employee's CPP pensionable earnings and the CPP contributions you deducted CPP overpayment If, during the year, you deducted more CPP contributions from the employee's earnings than you should have and you could not reimburse the overpayment: Do not adjust the amounts you report on the T4 slip.
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We will credit the excess CPP contributions easy money on what you can earn the employee when they file their income tax and benefit return.
Make this request no later than four years after the end of the year in which the CPP overpayment occurred.
There are situations when you do not have to deduct EI premiums from the payments and benefits you give your employee. For example, the employee works in a type of employment or receives a benefit that is exempt under the Employment Insurance Act.
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For more information about deducting EI premiums, see Guide T EI overpayment If, during the year, you deducted more EI premiums from the employee than you should have and you could not reimburse the overpayment: Do not adjust the amounts you report on the employee's T4 slip. We will credit the excess EI premiums to the employee when they file their income tax and benefit return.
Make this request no later than three years after the end of the year in which the EI overpayment occurred.
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Enter any deductible retirement compensation arrangement RCA contributions you withheld from the employee's income. Do not include amounts that are not deductible.
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This includes interest charged to buy back pensionable service. Your RRSP contribution is a taxable benefit to the employee. If you have a group RRSP for your employees, the trustee will send the official receipts for tax purposes to you or to your employees. If the trustee sends the receipts directly to you, give these copies to the employees.
Must a summary be filed?
The receipts will show the employee and employer contribution amounts. This includes the federal, provincial except Quebecand territorial taxes that apply. Do not include any amount you withheld under the authority of a garnishee or a requirement to pay that applies to the employee's previously assessed tax arrears.
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In many cases, boxes 14 internet earnings 24 24 will be the same amount. Do not include the unpaid portion of any earnings from insurable employment that you did not pay because of your bankruptcy, receivership, or non-payment of remuneration for which the employee has filed a complaint with the federal, provincial, or internet earnings 24 labour authorities.
This may happen if you give a non-cash taxable benefit to an employee but do not pay cash earnings during the year. In many cases, boxes 14 and 26 will be the same amount.
This applies even if the employee received no other remuneration for example, an employee internet earnings 24 on an unpaid leave of absence and you continue to provide benefits during the leave period. Examples Example 1— Quebec taxable benefit, unpaid leave Marion works for her employer in Quebec and is on an unpaid leave of absence.
Since the benefit is not taxable outside of Quebec, it is not income.
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When preparing Marion's Quebec T4 slip, her employer will leave box 14 blank. Example 3 — Benefit is taxable both federally and in Quebec Stephane works for his employer in Quebec and did not receive any cash earnings.
EI employment insurance — Leave this box blank if you reported an amount greater than "0" in box 18 or For more information, go to Revenu Quebec. Otherwise, leave new option blank.
Do not fill in box 14, internet earnings 24 income," if you are using employment code 11, 12, 13, or Keep the certificate of agreement on file in case we ask to see it.
Include amounts you paid to a parity or advisory committee that qualify for a deduction. Do not include initiation fees. Also, do not include strike pay that the union paid to union members in this box.