Reporting the benefit on the T4 slip

See the chart below to find out which codes to use to report the benefit and the share deduction amounts on the T4 slip.

T4 slip codes 
 Benefit and share deduction Other information area
Security option benefit 1 Code 38
Deduction under Security options deduction - Paragraph 110(1)(d) of the Income Tax Act Code 39
Deduction under Security options deduction for the disposition of shares of a Canadian-controlled private corporation - Paragraph 110(1)(d.1) of the Income Tax Act Code 41
Security options election 2

Code 86

1 Amount of the taxable benefit in box 14 that has not been deferred.

2This amount is already included in box 14.

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