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Statement Remuneration Paid 2023-2024 Form
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People also ask
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What is the difference between T1 and T4?
The T1 is a form filled out by employees and business owners, then submitted to the CRA. The T4 form, on the other hand, is filled out by employers and distributed to employees. -
What is the statement of remuneration paid?
If you were employed during the year, you'll receive a T4: Statement of Remuneration Paid slip from your employer. This slip shows the income you earned in the year as well as any deductions (such as income tax, CPP and EI contributions, union dues, etc.). -
Should box 67 be included in box 14?
Do not include retiring allowances in box 14. Report the amount using the appropriate code in the “Other information” section. For more information, go to: Codes 66 and 67 – Retiring allowance transfers. -
What is code 67 on T4?
The part of the retiring allowance paid in each year that is eligible for transfer should be reported on a T4 slip in the "Other information" area, using code 66. Amounts not eligible for transfer are reported in the "Other information" area using code 67 (or code 69 for an Indian). -
What is Box 67 on T4?
Box 67 of your T4 slip shows the part of your retiring allowance that is not eligible. Report that amount on line 13000 of your income tax and benefit return. -
What is the difference between an eligible and non eligible retiring allowance?
A retiring allowance may include an eligible portion and a non-eligible portion. The portion that does not qualify, the non-eligible retiring allowance, can only be contributed to your RRSP if you have unused RRSP contribution room. -
What do the box numbers mean on a T4?
What do the boxes on my T4 mean? Box 10: Province of employment. Box 12: Social insurance number. Box 14: Employment income – Line 101. Box 16: Employee's CPP contributions – Line 30800 and Line 22215. -
What does Box 57 58 59 and 60 mean on T4?
• Code 57: Employment income – March 15 to May 9. • Code 58: Employment income – May 10 to July 4. • Code 59: Employment income – July 5 to August 29. • Code 60: Employment income – August 30 to September 26.
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