How do I get T4 totals for 2019?

Hi there,

It's important you get your T4 totals for 2019 so you can get back to doing what you love. T4 slips are used to report all income you paid your employees over the previous calendar year to the Canada Revenue Agency (CRA). I'll show you how to prepare and submit your slips.

T4 slips: When you should file

You'll need to fill out T4 slips for your employees if you:

• Deducted Canada Pension Plan (CPP) contributions, Québec Pension Plan (QPP) contributions, Employment Insurance (EI) premiums, Provincial Parental Insurance Plan (PPIP) premiums, or income tax
• Paid an employee more than $500

Note: You'll need to provide your employees with a T4 slip for each province or territory they worked in for your company.

If you're not sure how to report a specific benefit or amount on the T4 slip, consult an accountant or the CRA.

Income reporting: Do's

Types of income that need to be reported on T4 slips:

• Salary, wages (including pay in lieu of termination notice), tips or gratuities, bonuses, vacation pay, employment commissions, gross and insurable earnings of self-employed fishers, and all other remuneration you paid to employees during the year (see Box 14 – Employment income for a detailed list)
• ​Taxable benefits or allowances
• Retiring allowances
• Deductions you withheld during the year
• Pension adjustment amounts for employees who accrued a benefit for the year under a registered pension plan (RPP) or deferred profit sharing plan (DPSP)

Note: You have to report income on a T4 slip for the year during which it was paid, regardless of when the services are performed or if the employee is deceased. For example, if you pay your employee in January 2019 for income they earned in December 2018, you'll have to report that income on their T4 slip for 2019 since that's the year it was paid.

Types of income that should not be reported on T4 slips:

• Pensions, lump-sum payments, annuities, or other income (including amounts paid to a proprietor or partner of an unincorporated business)
• Fees (except for director fees), commissions, or other amounts to a nonresident for services rendered in Canada, other than employment situations
• Amounts from a retirement compensation agreement
• Amounts paid to subcontractors for goods and services rendered in connection with construction activities, when construction is the primary source of income for your business

Here's a helpful article which will show you how to prepare T4s: How to prepare T4 slips and summary.

In case you need further assistance, feel free to contact our support team using this link here.