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What is a T4 summary?

What is a T4 Summary? The T4 Summary is the report that an employer creates and submits to the CRA by the end of February each year. It represents the total of the information reported on all of the T4s they created for each employee for the calendar year.

What is Box 22 T4 summary?

Line 22 \u2013 Income tax deducted Enter the total of box 22 from all T4 slips.

How do I print a T4 summary?

To print a T4 slip and summary: In the Home window, on the Reports menu, choose Payroll, and then Print T4 Slips and Summary. In the Select Year section, select the year you want printed. Select an employee or employees from the list, or choose Select All to include all employees.

How do I Efile my T4 summary?

File using Web Forms file original, additional, amended, and cancelled slips directly from the CRA website. create an electronic information return. validate data in real time, with prompts to correct errors before filing your slips. calculate the totals for the summary. save and import information.

What happens if you don't file a T4?

Penalty for failure to remit and remitting late\u2014If you deduct the amounts and send them in late or don't remit them to the Receiver General, the penalty can be as low as 3% or as high as 10%. Interest\u2014The Canada Revenue Agency (CRA) may also charge interest if you fail to pay an amount.

How can I get a copy of my T4 PDF?

How Can I Get My T4? If you need a T4 slip for the current tax year, your employer should be able to provide it to you. ... For previous tax years, you can request a copy from the Canada Revenue Agency (CRA) or by calling 1-800-959-8281. Get Your T4 and Other Tax Forms Online From CRA's \u201cAuto-fill my return\u201d

Can I access my T4 online?

Online: If you use My Account, you may be able to view your tax slips online. To verify your identify, you will need: your social insurance number.

What is a T4 summary called?

If you are filing on paper, use the T4 Summary, Summary of Remuneration Paid, to report the totals of the amounts reported on the related T4 slips.

How do I print a T4?

To print a T4 slip and summary: In the Home window, on the Reports menu, choose Payroll, and then Print T4 Slips and Summary. In the Select Year section, select the year you want printed. Select an employee or employees from the list, or choose Select All to include all employees.

Can I download my T4?

You can get a T4 slip in a PDF or PDF fillable/saveable to file on paper.

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