Around the end of February each year, employers, payers and administrators send out income tax information slips to tell Canadian taxpayers, and the Canada Revenue Agency (CRA), how much income and benefits they earned in the previous income tax year, and how much income tax was deducted. If you don't receive an information slip, you are required to ask your employer or the issuer of the slip for a duplicate copy. Use these tax slips in preparing and filing your Canadian income tax return and include copies with your tax return.
These are common T4 and other tax information slips.
T4s are issued by employers to tell you and the CRA how much employment income you were paid during a tax year and the amount of income tax that was deducted. As well as salary, employment income can be bonuses, vacation pay, tips, honorariums, commissions, taxable allowances, the value of taxable benefits and payment in lieu of notice.
T4As are issued by employers, trustees, estate executors or liquidators, pension administrators or corporate directors. They are used for a variety of different types of income, including pension and superannuation income, self-employment commissions, RESP accumulated income payments, death benefits and research grants.
T4A(OAS) tax slips are issued by Service Canada and report on how much Old Age Security income you received during a tax year and the amount of income tax that was deducted.
T4A(P) slips are also issued by Service Canada. They tell you and the CRA how much Canada Pension Plan (CPP) income you received during a tax year and the amount of income tax that was deducted. CPP benefits include retirement benefits, survivor benefits, child benefits and death benefits.
Issued by Service Canada, T4E tax slips report the gross amount of Employment Insurance (EI) benefits paid to you for the previous tax year, the income tax deducted and any amount paid toward an overpayment.
T4RIFs are tax information slips prepared and issued by financial institutions. They tell you and the CRA how much money you received out of your RRIF for the tax year and the amount of tax deducted.
T4RSPs are also issued by financial institutions. They report on the amount you withdrew from or received out of your RRSPs for the tax year and how much tax was deducted.
T3s are prepared and issued by financial administrators and trustees and report on income earned from mutual funds and trusts for a given tax year.
T5s are tax information slips prepared and issued by organizations which pay interest, dividends or royalties. Investment income included on T5 tax slips includes most dividends, royalties and interest from bank accounts, accounts with investment dealers or brokers, insurance policies, annuities and bonds.