How do I process a T4 for myself as the director of a corporation? All of the funds I personally took out of the corporation are recorded as a liability:shareholder loan

Hi there, 

Issuing a T4 is made simple in QuickBooks Online if you're using Standard or Advanced Payroll. I know how important it is to submit your T4 to the CRA before the now extended deadline. I'd be happy to explain your next steps.

This article contains all the necessary steps for generating a T4 in QBO: How to prepare T4 slips and summary. 

As you'll notice in the article, the T4 form is directly tied to the Payroll module in QBO. This means you would have to have issued pay cheques for yourself through the payroll system in QBO in order for the account to produce a T4. 

Since you've recorded income using an alternative method, you'll have to work with your accountant in order to accurately and properly fill out a government-issued T4 form. 

If you're not already connected to an accountant, you can find one in your area here: Find a ProAdvisor. 

I hope this helps to clear things up for you. If you have any other questions, please don't hesitate to reach out to our tech support team.

Have a great day.