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hi I'm Debbie Peveril and this is the weekly tip from panels financial training group last week I talked about the joy of balancing T fours and as it turned out some people want me to tell them exactly how to do that so that's what I'm talking about this week so the deal with the T 4 is that it is a form that you send to the government to tell them how much you pay to each of your employees during the year and what deductions you took for EEI for CPP and for income tax there are other things you could be doing like pension plans union dues chair bill donations but I'm going to assume that if you've got all that going on you've got an account and doing your t4 and you don't need to figure this out for yourself so the deal with the deductions are that whatever amounts you take from your employees in one month you must send those amounts with some of your own money to CRA by the 15th of the following month so if you take a salary in December and you withhold DI CPP and tax from that soury

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