T4 Slip for Employee

Good afternoon,

It is the first time for me, that I am preparing the T4 Slips for our Employees.

I just want to make sure, that everything is right ...

I found the form on the CRA - website. It's called 'T4 Statement of Remuneration Paid". Is this the right one?

Do I find all the information I need to fill out the form under: REPORTS> PAYROLL> EMPLOYEES?

Or where do you get the information from?

After this part I would send one copy to the employee and one to the government. Is this right?

Did I miss a step?

Thank you in advance!

Christine

  • 0
    If you have payroll activated in Sage 50 CDN (on a payroll support plan) then you can print and file the T4 forms directly from Sage 50 CDN.
    If not on the required support plan you will need to prepare the T4 forms manually and this can be done on the CRA website without downloading the forms separately. By completing the T4 forms on line they can be filed with the CRA and you only need to print the copies for the employees and the employer's copy.
    If doing the T4 forms off line you will need to complete the T4 Summary as well so it can be mailed in with the forms to the CRA.
    Further help should come from someone who completes the forms by hand if required.
  • 0
    if you use sage payroll, it will print T4s for you
    see reports, payroll, print T4s and summary

    - there is one copy for each employee, which is actually two identical copies, one for their records, one to submit when they file taxes - (if possible print double sided / long edges so the definitions print on the back of the T4)
    - there is one copy for the employer - two employees per page
    - there is one copy for the cra- two employees per page
    - and there is a T4 summary



    sage will also create a file for electronic filing
    see file, import/export, electronic filing, export T4s
  • 0 in reply to Roger L
    Thank you for the fast response!

    Do I need to select a code for the in income in the "T4 Box options" ?
    Also I get the note, that the deductions reports might be underreported, because I have not selected all employees. What is the reason for this? Does it mean, if I am selecting all employees, everything should be correct? How can I check the numbers?

    Thank you. Christine