T4 slip – Information for employers

Enter the 4 digits of the calendar year in which you made the payment to the employee.

Enter your legal name, your operating or trading name (if it differs from your legal name) and address.

Enter all in capital letters the employee's last name followed by the employee's first name and initials.

If the employee has more than one initial, enter the employee’s first name followed by the initials in the "First name" space.

Do not enter titles, such as Director, Mr, or Mrs.

Enter the employee's home address, including the province or territory, the postal code and the country.

Enter the provincial or territorial abbreviation for the province or territory of employment. This is not always the province where the employer is located.

Enter the SIN provided by the employee.

Specific situations

No SIN

Enter 9 zeros if you do not have the employee's SIN. You still have to file their T4 slip before the due date even if you cannot get a SIN from your employee.

SIN beginning with a 9 and received a permanent SIN

Enter the permanent SIN if the employee had a SIN beginning with a 9 and later in the year received a permanent SIN.

Do not prepare 2 T4 slips.

Learn more: Get the social insurance number (SIN).

Specific situations

CPP/QPP

Do not use box 28 if you report any of the following:

• pensionable earnings using box 26
• retiring allowances and no other type of income is paid, reported using code 66, code 67 or code 69
• an amount greater than "0" using boxes 16, 16A, 17, 17A or 26
• an amount of "0" in box 26 and the employee gave you a copy of a filled out Form CPT30, Election to Stop Contributing to the Canada Pension Plan, or Revocation of a Prior Election

Enter an "X" or a check mark under CPP/QPP if one of the following applies:

• You do not have to report any amount because you did not have to deduct CPP or QPP contributions for the full reporting period
• You enter an employment code using box 29

EI

Do not use box 28 if you report EI premiums deducted using box 18 or EI insurable earnings using box 24.

Enter an "X" or a check mark under EI if you do not have to report any amount because you did not have to deduct EI premiums for the full reporting period.

PPIP

Do not use box 28 if you report PPIP premiums using box 55 or PPIP insurable earnings using box 56.

Enter an "X" or a check mark under PPIP if you do not have to report any amount because you did not have to deduct PPIP premiums for the full reporting period.

Learn more: Get ready to make deductions and CPP/EI explained.

Enter the appropriate employment code in box 29 if one of the following situations applies. Otherwise, leave it blank.

For calendar year 2023 and after, it is mandatory to indicate whether the employee or any of their family members were eligible, on December 31 of that year, to access any dental care insurance, or coverage of dental services of any kind, that you offered.

This includes co-paid dental benefits, health spending accounts, and opt-in dental benefits.

Specific situations

Use of code 1 – T4 slips filed for calendar year 2023 and 2024 only

Health Canada administrative policy

To reduce the burden on employers, for calendar year 2023 and 2024 only, it is not mandatory to fill out box 45 when and only when code 1 is applicable.

This administrative policy applies only if all reasonable efforts have been made to comply with the reporting requirements.

Third party filing T4 slips

Any third party organizations that complete T4 slips annually on behalf of their clients are required to complete this box. They are required to get the information from their clients and report it accurately on the T4 slip issued.

Union-offered dental coverage

If a union offers dental benefits to its members, without involvement of the employer or pension plan, the union is not considered their employer and will not be required to issue a T4 slip to report this benefit for their members or provide this information to the member's employer.

However, if the employer or pension plan engages a union to deliver dental benefits to its employees, the employer must report it on the T4 slip.

If dental coverage is offered directly by the employer under a collective agreement (the employer is the sponsor of the plan or refunds the employees directly), the employer must report that coverage on its employee’s T4 slips.

A union must report this benefit for its own employees or former employees.

Multiple T4 slips

If you file multiple T4 slips for an employee on various RP accounts of your single business number, you need to consistently report on all slips what coverage was offered on December 31 of that year.

Alternatively, you may choose to report according to each RP account separately.

More than 6 codes in "Other information"

If more than 6 codes in "Other information" apply to the same employee and you have to use an additional T4 slip (overflow slip), the same code should be used for all overflow slips for the same employee.

Employee declines dental coverage

An employer must report whether the employee is offered dental coverage, not whether the employee has chosen to use it, opted out, or refused coverage. If dental benefits were offered, you must report that the employees were offered dental benefits and what level of coverage according to the codes provided.

Employee leaves employment before December 31 of the taxation year

If, on December 31 of the taxation year, the employee was no longer eligible for dental insurance offered by you (because they no longer worked for your company or for any other reason), fill out box 45 using code 1 “Not eligible to access any dental care insurance, or coverage of dental services of any kind.”

Health Spending Accounts (HSAs) and allowances for dental expenses

If you provide your employee with an allowance to cover dental services or insurance that covers dental insurance, you must report the extent of that coverage using the applicable code in box 45. If the health spending account or allowance does not cover dental services or include dental insurance, it is not considered providing access to dental services and you can fill out box 45 using code 1.

Employer negotiated group rate

If your employee has access to an employer-negotiated group rate because of their employment with you, you must report the extent of the coverage using box 45.

Learn more on the Canadian Dental Care Plan (CDCP): Dental coverage.

Enter your 15-character payroll account number (for example, 123456789RP0001) on your copy and the copy you send to the CRA only.

Do not enter your account number on the copies you give to the employees.

Report your employee's total income before deductions using box 14.

A maximum of 10 digits, including cents, can be reported using box 14.

Depending on the type of payment you made, you may also need to report these amounts in "Other information" using specific codes.

Your employee will report this amount on line 10100 of their income tax and benefit return.

Specific situations

SUBP payments

Report payments you made under a supplementary unemployment benefit plan (SUBP), such as maternity, parental and compassionate care top ups that do not qualify as a SUBP under the Income Tax Act, whether they are registered with Services Canada or not using box 14.

Do not report any top-up amounts paid under a SUBP that qualifies as a SUBP under the ITA using box 14, use the T4A slip.

Learn more: Payments from supplementary unemployment benefit plan (SUBP).

Payments out of a EBP

Report payments you made out of an employee benefit plan (EBP) and amounts that a trustee allocated under an employee trust using box 14.

First Nations (exempt income) Keywords: Indians indigenous first nations

Do not report tax-exempt employment income you paid to your employee who is registered, or entitled to be registered under the Indian Act using box 14, use code 71 or for a self-employed worker use code 88.

Box 29 – Employment codes

Do not report income you paid using box 14 if you are using box 29 with the following employment codes:

• 11 – Placement or employment agency worker, use code 81
• 12 – Taxi drivers and drivers of other passenger-carrying vehicles, use code 82
• 13 – Barber or hairdresser, use code 83
• 16 – Detached employee – Social security agreement, and no other type of income is reported on the T4 slip
• 17 – Self-employed fishing income, use code 78, code 79 or code 80
• 12, 13 or 17 – Tax-exempt income paid to a worker who is registered, or entitled to be registered under the Indian Act, use code 88

Retiring allowances

Do not report retiring allowances using box 14:

• Use code 66 to report eligible retiring allowances
• Use code 67 to report non-eligible retiring allowances
• Use code 69 to report tax-exempt non-eligible retiring allowances paid to your employee who is registered, or entitled to be registered under the Indian Act

Board and lodging

Report the total amount of the board and lodging benefit paid to your employee using box 14 and code 30.

Do not report using box 14 if you paid lodging and housing benefit at special work sites in a prescribed zone and you filled out Form TD4, Declaration of Exemption – Employment at a Special Work Site, use code 31 for the tax-exempt board, lodging and housing at the special work sites.

Travel in a prescribed zone

Report the total amount of the travel benefit paid to your employees using box 14 and code 32. If part of the travel was for medical travel assistance, report the value of the medical travel portion only using code 33.

Personal use of employer’s automobile or motor vehicle

Report the value of the automobile benefit for the personal use of the automobiles or motor vehicles you provided to your employee (as a result of their current, previous or intended office or employment) using box 14 and code 34.

Interest-free and low-interest loans

Report the value of the taxable benefit from an interest-free or low-interest loan you provided to your employee using box 14 and code 36.

Security options benefits

As a result of the proposed legislative change, report the total value of the security options taxable benefit you provided to your employee :

• Before June 25, 2024, using box 14 and code 38.

• New On or after June 25, 2024 using box 14 and code 90.

CRA administrative policy To reduce the burden on employers and payroll service providers, a new CRA administrative policy was introduced for T4 reporting of security options benefits and deductions from June 25, 2024 to December 31, 2024. Learn more: code 90.

Taxable benefits

Report the value of the taxable benefits you provided to your employee using box 14 and code 40 unless the benefit is reported in other codes of the T4 slip.

Employment commissions

Report the employment income from employment commissions you paid to your employee who sold property or negotiated contracts for you using box 14 and code 42.

Do not include GST/HST or PST in the amount reported in box 14.

Canadian Forces personnel and police officers

Report the employment income paid to Canadian Armed Forces personnel and police officers deployed on international operational missions as determined by the Minister of National Defence or by a person designated by that Minister using box 14 and code 43. Only report the employment income up to the maximum rate of pay earned by a lieutenant-colonel of the Canadian Armed Forces using code 43.

Emergency volunteers

Report the taxable employment income you as a government, municipality, or public authority paid to your employee who is an emergency volunteer (such as a firefighter, ambulance technician, or search and rescue volunteer) using box 14

Do not report the tax-exempt amount (up to $1,000) you paid to your employee who is an emergency volunteer using box 14, use code 87.

You must report the total amount using box 14 if you paid the individual other than as a volunteer for performing the same or similar duties.

Employees with power saws or tree trimmers

Report the rental payments you made to employees for the use of their own power saws or tree trimmers using box 14.

Do not reduce the amount reported in box 14 by the cost or value of saws, trimmers, parts, gasoline, or any other materials the employee supplies.

Detached employee – Social security agreement

Do not report any amount using box 14 if you use employment code 16 – Detached employee – Social security agreement and no other type of income is reported on the T4 slip.

Employee salary overpayments

Report the salary overpayment you made to your employee using box 14 if your employee:

• Does not repay you
• Repaid you, but they did not perform their duties

Do not report any amount using box 14 if the employee repaid you but the repayment was because of a clerical, administrative or system error.

Learn more when on how to make corrections when the employee repays you: Make corrections after filing.

Learn more:

• Determine if a benefit is taxable
• Determine the tax treatment of payments other than regular employment income

Report amounts you deducted for your employee's share of the Canada Pension Plan (CPP) contributions using box 16 if you enter in box 10 that your employee had a province of employment other than Quebec. If you report an amount in box 16, you have to report pensionable earnings using box 26.

Do not report the employer's share of CPP contributions on the T4 slip.

Your employee will use this amount on their Schedule 8 or Form RC381, whichever applies, to find out how to claim their CPP contributions. This will provide your employee with the amounts to enter on lines 30800 and 22215 of their income tax and benefit return.

Specific situations

No deductions

Do not report any amount using box 16 if you did not deduct CPP.

Province of employment is Quebec

Do not report any amount using box 16 if box 10 shows their province of employment is Quebec, use box 17.

CPP2 contributions

Do not report CPP2 contributions using box 16, use box 16A.

Over deductions (overpayment)

Report the total CPP deductions using box 16 and the correct pensionable earnings using box 26 if you over deducted CPP contributions (overpayment) from your employee and did not reimburse them.

Learn more if you over deducted CPP contributions:

• Make corrections before filing if you reimbursed them
• Make corrections after filing

Under deductions (recovering)

Do not report any recovered amount not deducted in a previous year and recovered in the current year using box 16 if you under deducted CPP contributions.

Learn more if you under deducted CPP contributions:

• Make corrections before filing
• Make corrections after filing

First Nations (exempt income) Keywords: Indians indigenous first nations

Report amounts you deducted for your employee's share of the CPP contributions using box 16. If you report an amount in box 16, you have to report pensionable earnings using box 26.

Tax-exempt employment income you paid to an employee who is registered or entitled to be registered under the Indian Act is not pensionable, unless you elected to provide CPP coverage to all of your First Nations employees on their tax-exempt employment income.

Detached employee – Social security agreement

Report the amount you are paying for your employee's CPP contributions using box 16 if you use employment code 16 – Detached employee – Social security agreement. You, as the employer, are paying CPP on behalf of the detached employee.

Contribution to CPP and QPP during the same year

Report the amounts your employee contributed to CPP and QPP during the same year using 2 separate T4 slips as follows:

• 1 slip showing the applicable province or territory of employment (other than Quebec), for the CPP contributions you deducted using box 16 and the employee's CPP/QPP pensionable earnings using box 26
• 1 slip showing the province of employment as Quebec for the QPP contributions you deducted using box 17 and the employee's CPP/QPP pensionable earnings using box 26

Learn more: About the deduction of Canada Pension Plan (CPP) contributions.

For T4 slips filed for calendar year 2024 and after, report the amount of CPP2 contributions you deducted from your employee in box 16A if you enter in box 10 that your employee had a province of employment other than Quebec.

Your employee will use this amount on their Schedule 8 or Form RC381, whichever applies, to find out how to claim their CPP2 contributions. This will provide your employee with the amounts to enter on line 22215 of their income tax and benefit return.

Specific situations

No deductions

Do not report any amount using box 16A if you did not deduct CPP2.

Province of employment is Quebec

Do not report any amount using box 16A if box 10 shows their province of employment is Quebec, use box 17A.

CPP contributions

Do not report any amount using box 16A if your employee has not reached the first maximum earnings ceiling, use box 16.

Over deductions (overpayment)

Report the total CPP2 deductions using box 16A and the correct pensionable earnings using box 26 if you over deducted CPP2 contributions (overpayment) from your employee and did not reimburse them.

Learn more if you over deducted CPP2 contributions:

• Make corrections before filing if you reimbursed them
• Make corrections after filing

Under deductions (recovering)

Do not report any recovered amount not deducted in a previous year and recovered in the current year using box 16A if you under deducted CPP2 contributions.

Learn more if you under deducted CPP2 contributions:

• Make corrections before filing
• Make corrections after filing

Learn more: About the deduction of Canada Pension Plan (CPP) contributions.

Report amounts you deducted for your employee's share of the Quebec Pension Plan (QPP) contributions using box 17 if you enter in box 10 that your employee had a province of employment in Quebec. If you report an amount in box 17, you have to report pensionable earnings using box 26.

Do not report the employer's share of QPP contributions on the T4 slip.

Your employee will use this amount on their Schedule 8 or Form RC381, whichever applies, to find out how to claim their QPP contributions. This will provide your employee with the amounts to enter on lines 30800 and 22215 of their income tax and benefit return.

Specific situations

No deductions

Do not report any amount using box 17 if you did not deduct QPP.

Province of employment is not Quebec

Do not report any amount using box 17 if box 10 shows their province of employment is other than Quebec, use box 16.

QPP2 contributions

Do not report QPP2 contributions using box 17, use box 17A.

First Nations (exempt income) Keywords: Indians indigenous first nations

Report amounts you deducted for your employee's share of the QPP contributions using box 17. If you report an amount in box 17, you have to report pensionable earnings using box 26.

Tax-exempt employment income you paid to an employee who is registered, or entitled to be registered under the Indian Act is not pensionable unless you elected to provide QPP coverage to all of your First Nations employees on their tax-exempt employment income.

Contribution to CPP and QPP during the same year

Report the amounts your employee contributed to CPP and QPP during the same year using 2 separate T4 slips as follows:

• 1 slip showing the applicable province or territory of employment (other than Quebec), for the CPP contributions you deducted using box 16 and the employee's CPP/QPP pensionable earnings using box 26
• 1 slip showing the province of employment as Quebec for the QPP contributions you deducted using box 17 and the employee's CPP/QPP pensionable earnings using box 26

Learn more: Québec Pension Plan Contributions | Revenu Québec.

For T4 slips filed for calendar year 2024 and after, report the amount of QPP2 contributions you deducted from your employee in box 17A if you enter in box 10 that your employee worked in the province of Quebec.

Your employee will use this amount on their Schedule 8 or Form RC381, whichever applies, to find out how to claim their QPP2 contributions. This will provide your employee with the amounts to enter on line 22215 of their income tax and benefit return.

Specific situations

No deductions

Do not report any amount using box 17A if you did not deduct QPP2.

Province of employment is not Quebec

Do not report any amount using box 17A if box 10 shows their province of employment is other than Quebec, use box 16A.

QPP contributions

Do not report any amount using box 17A if your employee has not reached the first maximum earnings ceiling, use box 17.

Learn more: Québec Pension Plan Contributions | Revenu Québec.

Report amounts you deducted for your employee's share of the employment insurance (EI) premiums using box 18. If you report an amount in box 18, you have to report insurable earnings using box 24.

Do not report the employer's share of EI premiums on the T4 slip.

Your employee will report this amount on line 31200 of their income tax and benefit return.

Specific situations

No deductions

Do not report any amount using box 18 if you did not deduct EI.

Over deductions (overpayment)

Report the total EI deductions using box 18 and the correct insurable earnings using box 24 if you over deducted EI premiums (overpayment) from your employee and did not reimburse them.

Learn more if you over deducted EI premiums:

• Make corrections before filing if you reimbursed them
• Make corrections after filing

Under deductions (recovering)

Do not report any recovered amount not deducted in a previous year and recovered in the current year using box 18 if you under deducted EI premiums.

Learn more if you under deducted EI premiums:

• Make corrections before filing
• Make corrections after filing

First Nations (exempt income) Keywords: Indians indigenous first nations

Report amounts you deducted for your employee's share of the EI premiums using box 18. If you report an amount in box 18, you have to report insurable earnings using box 24.

Tax-exempt employment income you paid to an employee who is registered or entitled to be registered under the Indian Act is insurable and you must deduct EI premiums.

Self-employed fishers, barbers and hairdressers, taxi drivers and drivers of other passenger‑carrying vehicles

Report amounts you remitted for the self-employed worker's share of EI premiums using box 18. If you report an amount in box 18, you have to report insurable earnings using box 24.

Province of employment is Quebec

Report amounts you deducted for your employee's share of EI premiums calculated using the Quebec EI rate using box 18. If you report an amount in box 18, you have to report insurable earnings using box 24.

Learn more: Quebec EI premium rates and maximums.

Detached employee - Social security agreement

Do not report any amount using box 18 if you use employment code 16 – Detached employee – Social security agreement and no other type of income is reported on the T4 slip.

Learn more: About the deduction of Employment Insurance (EI) premiums.

Report the amount of income tax you deducted from your employee using box 22. This includes the federal, provincial (except Quebec), and territorial taxes that apply.

Your employee will report this amount on line 43700 of their income tax and benefit return.

Specific situations

No deductions

Do not report any amount using box 22 if you did not deduct income tax.

Authority of a garnishee or a requirement to pay

Do not include any amount using box 22 if you withheld under the authority of a garnishee or a requirement to pay that applies to the employee's previously assessed tax arrears.

Learn more: About the deduction of income tax.

Report the total amount of insurable earnings using box 24. This is the amount you used to calculate your employee's EI premiums that you reported using box 18, up to the maximum insurable earnings for the year.

Report "0" if the employee or the self-employed worker had no insurable earnings and you did not report an amount in box 18.

In many situations, boxes 14 and 24 will be the same amount.

Your employee will use this amount on their Schedule 10 to be able to claim an overpayment of EI premiums on line 45000 of their income tax and benefit return.

Specific situations

No EI premiums deductions required

Do not report amounts paid to your employee for employment, benefits, or other payments that should not have EI premiums deducted using box 24.

You must report the unpaid portion of any earnings from insurable employment that you did not pay because of your bankruptcy, receivership, or non-payment of remuneration for which the employee has filed a complaint with the federal, provincial, or territorial labour authorities, except for any unpaid amount that is in respect of overtime or that would have been paid by reason of termination of the employment.

Learn more:

• Determine if a benefit is taxable
• Determine the tax treatment of payments other than regular employment income

More than 1 slip

Report the insurable earnings amount for each period of employment in box 24 of each T4 slip if you give the same employee more than one T4 slip for the year.

Example

An employee earned $30,000 working in Ontario from January 2023 to June 2023 and earned $40,000 working in Quebec for the remainder of the year with the same employer. In addition to any other boxes that need to be filled out, report amounts in boxes 14 and 24 as follows:

• Ontario T4 slip – box 14 = $30,000 and box 24 = $30,000
• Quebec T4 slip – box 14 = $40,000 and box 24 = $31,500 (calculated as the maximum insurable earnings for 2023 of $61,500 – $30,000 already reported on T4 slip with Ontario as province of employment = $31,500)

Correct deduction errors

Report the correct EI insurable earnings in box 24. This will reduce unnecessary pensionable and insurable earnings review (PIER) reports for EI deficiency calculations . For example, if the employee worked both inside and outside of Quebec.

Learn more:

• Make corrections before filing
• Make corrections after filing
• Pensionable and insurable earnings review (PIER)

Slips filed for calendar year 2024 and afterReport the total amount of pensionable earnings using box 26. This is the amount you used to calculate your employee's CPP/QPP and CPP2/QPP2 contributions that you reported using box 16, box 16A, box 17, and box 17A, up to the additional maximum pensionable earnings for the year.

Report "0" if the employee had no pensionable earnings and you did not report an amount in boxes 16, 16A, 17 or 17A.

Slips filed for calendar year 2023 and earlier Report the total amount of pensionable earnings using box 26. This is the amount you used to calculate your employee's CPP/QPP contributions that you reported using box 16 and box 17, up to the maximum pensionable earnings for the year.

In many situations, boxes 14 and 26 will be the same amount.

Your employee will use this amount on their Schedule 8 or Form RC381, whichever applies, to determine their claim on lines 30800, 22215, and if applicable, 44800 of their income tax and benefit return.

Specific situations

No CPP/QPP contributions deductions required

Do not report amounts paid to your employee for employment, benefits, or other payments that should not have CPP/QPP contributions deducted using box 26.

Learn more:

• Determine if a benefit is taxable
• Determine the tax treatment of payments other than regular employment income

Non-cash taxable benefits, including security option benefits

Report the value of pensionable non-cash taxable benefits using box 26, even if the employee received no other remuneration.

For example, if your employee is on an unpaid leave of absence and you continue to provide benefits during the leave period, report the benefit using box 26.

Amounts not to be included in box 26

Do not report using box 26 amounts paid to your employee:

• Before and during the month the employee turned 18
• After the month the employee turned 70
• During the months the employee was considered to be disabled under the CPP or QPP
• After an eligible employee, who is 65 to 70 years of age and receiving CPP benefits, gave you a signed copy of Form CPT30, Election to Stop Contributing to the Canada Pension Plan, or Revocation of a Prior Election, with parts A, B, and C completed
• Before an eligible employee who is 65 to 70 years of age, gave you a signed copy of Form CPT30 with parts A, B, and D completed

Report these amounts using box 14 even if you do not report them using box 26.

Learn more: Employee's life events: Start, stop or restart CPP deductions.

Benefits and earnings taxable only in Quebec

Certain taxable benefits and earnings are considered by Revenu Québec to be pensionable earnings for employees working in Quebec.

Generally, the amount you report using box 26 will be more than the amount you report using box 14 in this situation. The CRA will process the T4 slip even if box 26 is more than box 14.

Example 1 – Benefit taxable in Quebec – Unpaid leave

Marion works for her employer in Quebec and is on an unpaid leave of absence. Her employer pays $750 in premiums to an employer-paid private health benefit plan on her behalf. Since the benefit is not taxable outside of Quebec, it is not income. When preparing Marion's Quebec T4 slip, her employer will leave box 14 blank. Since the premiums are QPP pensionable, her employer will report $750 in box 26, the QPP contributions withheld on the benefit in box 17, and fill in any other boxes on her T4 slip as applicable.

Example 2 – Benefit taxable in Quebec – Other earnings

During 2023, Julien received wages of $25,000 plus an $875 benefit that is only taxable in Quebec. When preparing Julien's Quebec T4 slip, his employer will report $25,000 in box 14, $25,875 in box 26, and fill in any other boxes on his T4 slip as applicable.

Example 3 – Benefit taxable in Quebec and federally

Stephane works for his employer in Quebec and did not receive any cash earnings. However, his employer gave him a non-cash housing benefit valued at $1,100. When preparing Stephane's Quebec T4 slip, his employer will report $1,100 in boxes 14 and 26, and fill in any other boxes on his T4 slip as applicable.

Learn more: Source Deductions and Employer Contributions | Revenu Québec.

More than 1 slip

Report the pensionable earnings amount for each period of employment in box 26 of each T4 slip if you give the same employee more than one T4 slip for the year.

Example

An employee earned $35,000 working in Ontario from January 2023 to June 2023 and earned $40,000 working in Quebec for the remainder of the year with the same employer. In addition to any other boxes that need to be filled out, report amounts in boxes 14 and 26 as follows:

• Ontario T4 slip – box 14 = $35,000 and box 26 = $35,000
• Quebec T4 slip – box 14 = $40,000 and box 26 = $31,600 (calculated as the maximum pensionable earnings for 2023 of $66,600 - $35,000 already reported on T4 slip with Ontario as province of employment = $31,600)

Correct deduction errors

Report the correct CPP pensionable earnings in box 26. This will reduce unnecessary pensionable and insurable earnings review (PIER) reports for CPP deficiency calculations. For example, if the employee worked both inside and outside of Quebec.

Learn more:

• Make corrections before filing
• Make corrections after filing
• Pensionable and insurable earnings review (PIER)

Report amounts you deducted for your employee's share of the provincial parental insurance plan (PPIP) premiums using box 55 if you enter in box 10 that your employee worked in the province of Quebec. If you report an amount in box 55, you have to report insurable earnings using box 56.

Do not report the employer's share of PPIP premiums on the T4 slip.

Your employee will report this amount on line 31205 of their income tax and benefit return.

Specific situation

No deductions

Do not report any amount using box 55 if you did not deduct PPIP .

Learn more: Québec Parental Insurance Plan (QPIP) Premiums | Revenu Québec.

Report the total amount of insurable earnings using box 56. This is the amount you used to calculate your employee's PPIP premiums that you reported using box 55, up to the maximum PPIP insurable earnings for the year.

Report "0" if the employee or the self-employed worker had no insurable earnings and you did not report an amount in box 55.

Your employee will use this amount on their Schedule 10 to determine the amount which they can claim on line 31210 of their income tax and benefit return.

Specific situations

No PPIP premiums deductions required

Do not report amounts paid to your employee for employment, benefits, or other payments that should not have PPIP premiums deducted (no insurable earnings) using box 56.

PPIP insurable earnings are the same as employment income

Do not report an amount using box 56 if the amount for the PPIP insurable earnings are over the maximum for the year or if the insurable earnings are the same as the employment income in box 14.

Report the amount, including instalment interest (for example, interest charged to buy back pensionable service), your employee contributed to a registered pension plan (RPP) using box 20.

Your employee will report this amount on line 20700 of their income tax and benefit return.

Specific situations

Employee did not contribute

Do not report an amount if the employee did not contribute to a plan using box 20.

Direct transfers

Do not report direct transfers to an RPP from an employee's RRSP.

First Nations (exempt income) Keywords: Indians indigenous first nations

• For the 2023 or earlier calendar years, do not report an amount for RPP contributions relating to tax-exempt employment income you paid to an employee who is registered, or entitled to be registered under the Indian Act using box 20.

  If you pay taxable or partly tax-exempt employment income, you must prorate the RPP contribution and report the amount related to their taxable employment income using box 20.

  Give your employee proof of the amounts of RPP contributions for all tax-exempt income. Your employee will use this amount to fill out Form T90, Income Exempt From Tax Under the Indian Act.

  Your employee will report this amount on their Form T90, Income Exempt from Tax under the Indian Act.

• For the 2024 calendar year and after, report RPP contributions relating to tax-exempt employment income using code 94.

  If you pay taxable or partly tax-exempt employment income, you must prorate the RPP contributions and report the amount related to their taxable employment income using box 20 and the tax-exempt part using code 94.

RRSP

Do not report an amount if you made contributions to your employee's RRSP using box 20, use code 40 to report the total value of the benefit.

RCA

Report the amount if the employee contributed to an RCA using box 20.

Do not report amounts that are not deductible.

You have to attach a letter informing the employee of the amounts you reported if the amount in box 20 includes RPP and RCA contributions.

RPP past-service contributions

Report the amount your employee contributed to an RPP if the contributions included current and past-service contributions for:

• 1989 or earlier years while a contributor, using box 20 and code 74
• 1989 or earlier years while not a contributor, using box 20 and code 75

Learn more: Contributions to savings and pension plans.

Enter the 7-digit registration number that the CRA gave you for your RPP or DPSP using box 50 if you reported an amount for a pension adjustment (PA) using box 52.

You have to report the plan number even if your plan requires only employer contributions. If you make contributions to union pension funds, enter the union's plan number.

If you made contributions to more than one plan for the employee, enter only the number of the plan under which the employee has the largest PA.

Report the amount (in dollars only) of a pension adjustment (PA) an employee has under a registered pension plan (RPP) or a deferred profit sharing plan (DPSP) using box 52. If you report an amount in box 52, you have to enter the plan registration number using box 50.

Your employee will report this amount on line 20600 of their income tax and benefit return.

Specific situations

Do not report any amount using box 52 if the employee participated in your RPP or DPSP and one of the following applies:

• The calculated PA is a negative amount or "0"
• The employee died during the year
• The employee, even if they are still a member of the plan, no longer accrues new pension credits in the year (for example, the employee has accrued the maximum number of years of service in respect of the plan)

Periods of leave or reduced services under a MEP

Do not report the amount of a PA for periods of leave or reduced services if you are the plan administrator for a multi-employer plan (MEP) using box 52, use the T4A slip.

More than 1 slip

Report the PA proportionately on each T4 slip if you have to fill out more than one T4 slip because they worked in more than one province or territory. If you cannot apportion the PA, report the total amount on one slip.

More than one RPP or DPSP

Report the amount of the employee's PA you calculated using the total amount of all pension credits accumulated by the employee under all these plans for the year if the employee participates in one or more RPP or DPSP using box 52.

Learn more: Pension Adjustment (PA).

Report the amount you deducted from your employee for tax deductible union dues using box 44, only if you and the union agree that the union will not issue receipts for these dues. This includes amounts you paid to a parity or advisory committee that qualify for a deduction.

Your employee will report this amount on line 21200 of their income tax and benefit return.

Specific situations

Union issuing receipts

Do not report union dues deductions using box 44 if you and the union do not have an agreement that the union will not issue receipts. The union will have to issue receipts for the employee to claim the income tax deduction.

Initiation fees

Do not report initiation fees using box 44.

Strike pay

Do not report strike pay the union paid to union members using box 44.

First Nations (exempt employment income) Keywords: Indians indigenous first nations

• For the 2023 or earlier calendar years, do not report an amount for union dues relating to tax-exempt employment income you paid to an employee who is registered, or entitled to be registered under the Indian Act using box 44.

  If you pay taxable or partly tax-exempt employment income, you must prorate the amount for union dues and report the amount related to their taxable employment income using box 44.

  Give your employee proof of the amounts of union dues for all tax-exempt income. Your employee will use this amount to fill out Form T90, Income Exempt From Tax Under the Indian Act.

• For the 2024 calendar year and after, report the union dues relating to tax-exempt employment income using code 95.

  If you pay taxable or partly tax-exempt employment income, you must prorate the union dues and report the amount related to their taxable employment income using box 44 and the tax-exempt part using code 95.

Report amounts you deducted from your employee's earnings for donations to a registered charity in Canada using box 46.

Learn more: List of Charities.

Your employee will use this amount on their Schedule 9 to find out how to claim the eligible amounts of the gifts. This will provide your employee with the amount to enter on line 34900 of their income tax and benefit return.

Report the total value of the board and lodging benefit you provided to your employee using code 30 and box 14.

Specific situation

Member of the clergy or of a religious order

Report the total value of the housing benefit you provided to your employee who is a member of the clergy, including the part of your cost for the utilities that is eligible (electricity, heat, water and sewer) using code 30 and box 14.

Report all other utilities benefits that are not eligible that you provided to the employee using code 40.

Learn more: Housing and utilities expenses – Provided to a member of the clergy or of a religious order.

Learn more: Board, lodging, housing and utilities expenses.

Your employee will not report this amount on any line of their income tax and benefit return and it is for CRA use only. If your employee is a member of the clergy or of a religious order, they will use this amount on their Form T2200 to calculate the clergy residence deduction to be claimed on line 23100 of their income tax and benefit return

Report the value of the tax-exempt board, lodging and housing benefit provided to your employee working at special work site in a prescribed zone using code 31.

Do not report this amount in box 14.

Specific situation

Partly provided in a prescribed zone

Report the part of the benefit provided in a prescribed zone using code 31 and the value of the board and lodging benefit that is not considered provided in a prescribed zone using code 30.

Learn more: Board, lodging, housing, utilities and travel expenses - Provided to an employee in special work sites, including prescribed zones.

Your employee will not report this amount on any line of their income tax and benefit return and it is for CRA use only. If your employee works at a special work site in a prescribed zone, they will use this amount on their Form T2222, Northern Residents Deductions to calculate the northern residence deduction to be claimed on line 25500 of their income tax and benefit return.

Report the total value of the travel benefit you provided to your employee living in a prescribed zone using code 32 and box 14.

Specific situation

Medical travel assistance

Report the total amount of the travel benefit that was for medical travel using code 32 and code 33 for the medical portion only.

Learn more: Board, lodging, housing, utilities and travel expenses - Provided to an employee in special work sites, including prescribed zones.

Your employee will not report this amount on any line of their income tax and benefit return and it is for CRA use only. If your employee works at a special work site in a prescribed zone, they will use this amount on their Form T2222, Northern Residents Deductions to calculate the northern residence deduction to be claimed on line 25500 of their income tax and benefit return.

Report the value of the medical travel portion only if you provided travel assistance to your employee living in a prescribed zone using code 33 and the total value of the travel benefit using code 32.

Do not report this amount in box 14.

Learn more: Board, lodging, housing, utilities and travel expenses - Provided to an employee in special work sites, including prescribed zones.

Your employee will not report this amount on any line of their income tax and benefit return and it is for CRA use only. If your employee works at a special work site in a prescribed zone, they will use this amount on their Form T2222, Northern Residents Deductions to calculate the northern residence deduction to be claimed on line 25500 of their income tax and benefit return.

Report the value of the automobile benefit for the personal use of the automobiles or motor vehicles you provided to your employee (as a result of their current, previous or intended office or employment) using code 34 and box 14.

Specific situation

Employee's use of their own vehicle

Do not report using code 34 if you provided an allowance or a reimbursement which is taxable to your employee to compensate for use of their automobile or motor vehicle, use code 40.

Learn more:

• Automobile provided by the employer
• Motor vehicle provided by the employer
• Automobile or motor vehicle benefits – Allowances or reimbursements provided to an employee for the use of their own vehicle

Your employee will not report this amount on any line of their income tax and benefit return and it is for CRA use only.

Report the value of the taxable benefit from an interest-free and low interest loan you provided to your employee using code 36 and box 14.

Learn more: Loans and employee debt.

Your employee will not report this amount on any line of their income tax and benefit return and it is for CRA use only.

As a result of the proposed legislative change, report the total value of the security options taxable benefit you provided to your employee:

• Before June 25, 2024, using code 38 and box 14.

• New On or after June 25, 2024, do not use code 38 to report the value of the taxable benefit received in this period, use code 90 and box 14.

CRA administrative policy To reduce the burden on employers and payroll service providers, a new CRA administrative policy was introduced for T4 reporting of security options benefits and deductions from June 25, 2024 to December 31, 2024. Learn more: code 90.

Your employee will not report this amount on any line of their income tax and benefit return and it is for CRA use only.

Option benefit deductions

Security options deduction under paragraph 110(1)(d)

As a result of the proposed legislative change, if your employee is eligible for the option benefit deduction under paragraph 110(1)(d) of the ITA, report:

• Before June 25, 2024, 1/2 of the value of the taxable benefit received from qualified securities in this period using code 39.

• New On or after June 25, 2024, The following fraction of the value of the taxable benefit received from qualified securities in the period:
  1/3 - From Jun 25, 2024 to Dec 31, 2024
  1/2 - After Dec 31, 2024 using code 91.

Security options deduction under paragraph 110(1)(d.1)

As a result of the proposed legislative change, if your employee is eligible for the option benefit deduction under paragraph 110(1)(d.1) of the ITA, report:

• Before June 25, 2024, 1/2 of the value of the taxable benefit received from qualified securities in this period using code 41.

• New On or after June 25, 2024, The following fraction of the value of the taxable benefit received from qualified securities in the period:
  1/3 - From Jun 25, 2024 to Dec 31, 2024
  1/2 - After Dec 31, 2024 using code 92.

Employer makes election under subsection 110(1.1)

If your employee is eligible for the option benefit deduction under paragraph 110(1)(d) of the ITA and you made an election under subsection 110(1.1) of the ITA to not claim the cash-out as an expense, also report the value of the taxable benefit using code 86.

Learn more: Employee security (stock) options.

As a result of the proposed legislative change, if your employee is eligible for the option benefit deduction under paragraph 110(1)(d) of the ITA, report:

• Before June 25, 2024, 1/2 of the value of the taxable benefit received from qualified securities in this period using code 39.

• New On or after June 25, 2024, do not use code 39 to report the deduction associated with the taxable benefit received in this period, use code 91.

CRA administrative policy To reduce the burden on employers and payroll service providers, a new CRA administrative policy was introduced for T4 reporting of security options benefits and deductions from June 25, 2024 to December 31, 2024. Learn more: code 90.

If you report an amount in code 39, you have to report the total value of the security options benefit received using code 38.

Do not report this amount in box 14.

Your employee will report this amount on line 24900 of their income tax and benefit return.

Specific situation

Security options reported on Form T2-SCH 59

Do not report taxable benefits realized from security options you reported on Form T2-SCH 59, Information Return for Non-Qualified Securities (2021 and later calendar years).

Learn more: Employee security (stock) options.

Report the value of the taxable benefits and allowances you provided to your employee using code 40 and box 14 unless the benefit is reported in other codes of the T4 slip.

Learn more: Determine if a benefit is taxable.

Your employee will not report this amount on any line of their income tax and benefit return and it is for CRA use only.

As a result of the proposed legislative change, if your employee is eligible for the option benefit deduction under paragraph 110(1)(d.1) of the ITA, report:

• Before June 25, 2024, 1/2 of the value of the taxable benefit received from qualified securities in this period using code 41.

• New On or after June 25, 2024, do not use code 41 to report the deduction associated with the taxable benefit received in this period, use code 92.

CRA administrative policy To reduce the burden on employers and payroll service providers, a new CRA administrative policy was introduced for T4 reporting of security options benefits and deductions from June 25, 2024 to December 31, 2024. Learn more: code 90.

If you report an amount in code 41, you have to report the total value of the security options benefit received using code 38.

Do not report this amount in box 14.

Learn more: Employee security (stock) options.

Your employee will report this amount on line 24900 of their income tax and benefit return.

Report amounts of commissions you paid to your employee who sold property or negotiated contracts for you using code 42 and box 14.

Learn more: Commission payments.

Your employee will report this amount on line 10120 of their income tax and benefit return.

Report employment income, up to the maximum rate of pay earned by a lieutenant-colonel of the Canadian Armed Forces, using code 43 and box 14.

For 2017 and subsequent taxation years, Canadian Armed Forces personnel and police officers deployed outside Canada can claim a deduction from net income for the amount of employment earnings they receive while serving on international operational missions as determined by the Minister of National Defence or by a person designated by that Minister. This is the case regardless of the risk associated with the mission.

Your employee will report this amount on line 24400 of their income tax and benefit return.

Report eligible retiring allowances using code 66 that you paid in the year to your employee that are eligible for transfer to an RPP, RRSP, or a PRPP, even if it was not transferred.

Do not report this amount in box 14.

Your employee will report this amount on line 13000 of their income tax and benefit return.

Specific situations

First Nations (exempt income) Keywords: Indians indigenous first nations

Do not report non-eligible retiring allowances paid to your employee who is registered, or entitled to be registered under the Indian Act using code 66, use code 69.

Non-eligible retiring allowances

Do not report non-eligible retiring allowances using code 66, use code 67.

Learn more: Payments of retiring allowances.

Report non-eligible retiring allowances you paid in the year to your employee that were not eligible for transfer to an RPP, RRSP or a PRPP using code 67.

Do not report this amount in box 14.

Your employee will report this amount on line 13000 of their income tax and benefit return.

Specific situations

First Nations (exempt income) Keywords: Indians indigenous first nations

Do not report non-eligible retiring allowances paid to your employee who is registered, or entitled to be registered under the Indian Act using code 67, use code 69.

Eligible retiring allowances

Do not report eligible retiring allowances using code 67, use code 66.

Learn more: Payments of retiring allowances.

Report only tax-exempt non-eligible retiring allowances you paid to your employee who is registered or entitled to be registered under the Indian Act that were not eligible for transfer to an RPP, RRSP or a PRPP using code 69.

Do not report this amount in box 14.

Your employee will report this amount on their Form T90, Income Exempt from Tax under the Indian Act.

Specific situations

Partly tax-exempt non-eligible for transfer to an RPP, RRSP or a PRPP Keywords: Indians indigenous first nations Keywords: Indians indigenous first nations

Report the tax-exempt part of the retiring allowances you paid that are not eligible to be transferred using code 69 and the taxable part of the non-eligible retiring allowance using code 67.

Eligible for transfer to an RPP, RRSP or a PRPP

Do not report eligible retiring allowances using code 69, use code 66.

Learn more: Payments to First Nations workers.

Report only tax-exempt employment income you paid to your employee who is registered or entitled to be registered under the Indian Act using code 71.

Do not report this amount in box 14.

Specific situations

Partly tax-exempt

Report the tax-exempt part of their employment income using code 71 and the taxable part of their income using box 14.

Fully taxable

Do not report fully taxable income using code 71, use box 14.

Learn more: Payments to First Nations workers.

Your employee will report this amount on their Form T90, Income Exempt from Tax under the Indian Act.

Report amounts for past service contributions to an RPP for 1989 or earlier years while the employee was a contributor using code 74 and box 20.

Your employee will report this amount on line 20700 of their income tax and benefit return.

Report amounts for past service contributions to an RPP for 1989 or earlier years while the employee was not a contributor using code 75 and box 20.

Your employee will report this amount on line 20700 of their income tax and benefit return.

Report the amount of workers' compensation benefits repaid to the employer using code 77 where:

• You previously paid your employee the workers' compensation amount and you reported it as employment income on their T4 slip
• You were reimbursed by the workers' compensation board (WCB) for the worker's compensation amount you paid to your employee

This allows your employees to claim a deduction as other employment expenses on their income tax and benefit returns.

Do not report this amount in box 14.

Learn more: Payments related to workers' compensation claims.

Your employee will report this amount on line 22900 of their income tax and benefit return.

Report the gross income you paid to a self-employed fisher using code 78. If you report an amount in code 78, you have to enter the employment code 17 using box 29. Also report:

• The net partnership amount if the fisher is a type 1 using code 79
• The shareperson amount if the fisher is a type 2 using code 80

Do not report this amount in box 14.

The self-employed fisher will use this amount on their Form T2121, Statement of fishing activities. This will provide the fisher with the amounts to enter on lines 13499 to 14300 of their income tax and benefit return.

Report the net partnership amount if you paid a type 1 fisher using code 79. If you report an amount in code 79, you have to report the gross income using code 78. Also report the same amount using :

• Box 24 if you enter in box 10 that the fisher worked in a province other than Quebec
• Box 56 if you enter in box 10 that the fisher worked in the province of Quebec

Do not report this amount in box 14.

The self-employed fisher will use this amount on their Form T2121, Statement of fishing activities. This will provide the fisher with the amounts to enter on lines 13499 to 14300 of their income tax and benefit return.

Report the shareperson amount if you paid a type 2 fisher using code 80. If you report an amount in code 80, you have to report the gross income using code 78. Also report the same amount using :

• Box 24 if you enter in box 10 that the fisher worked in a province other than Quebec
• Box 56 if you enter in box 10 that the fisher worked in the province of Quebec

Do not report this amount in box 14.

The self-employed fisher will use this amount on their Form T2121, Statement of fishing activities. This will provide the fisher with the amounts to enter on lines 13499 to 14300 of their income tax and benefit return.

Report the gross income you paid to a self-employed placement or employment agency worker using code 81. If you report an amount in code 81, you have to enter the employment code 11 using box 29.

Do not report this amount in box 14.

The self-employed placement or employment agency worker will use this amount on their Form T2125, Statement of business or professional activities. This will provide the worker with the amounts to enter on lines 13499 to 14300 of their income tax and benefit return.

Report the gross income you paid to a self-employed taxi driver and driver of other passenger-carrying vehicles using code 82. If you report an amount in code 82, you have to enter the employment code 12 using box 29.

Do not report this amount in box 14.

The self-employed taxi driver will use this amount on their Form T2125, Statement of business or professional activities. This will provide the worker with the amounts to enter on lines 13499 to 14300 of their income tax and benefit return.

Report the gross income you paid to a self-employed barbers or hairdressers using code 83. If you report an amount in code 83, you have to enter the employment code 13 using box 29.

Do not report this amount in box 14.

The self-employed barber or hairdresser will use this amount on their Form T2125, Statement of business or professional activities. This will provide the worker with the amounts to enter on lines 13499 to 14300 of their income tax and benefit return.

Report the premiums that your employee paid to private health services plans using code 85.

The use of code 85 is optional. If you do not use this code, the CRA may ask the recipient to provide supporting documents.

Do not report this amount in box 14.

This is considered a qualifying medical expense which the recipient may claim as a medical expense tax credit on their income tax and benefit return.

Learn more: Insurance plans.

Your employee will report this amount on line 33099 of their income tax and benefit return.

Report the value of the taxable benefit received from qualified securities if your employee is eligible for the option benefit deduction under paragraph 110(1)(d) of the ITA and you made an election under subsection 110(1.1) of the ITA to not claim the cash-out as an expense using code 86.

As a result of the proposed legislative change, if you report an amount in code 86, you have to report the total value of the security options benefit received:

• Before June 25, 2024, using code 38.

• New On or after June 25, 2024, using code 90.

Do not report this amount in box 14.

Learn more: Determine if a benefit is taxable

Your employee will not report this amount on any line of their income tax and benefit return and it is for CRA use only.

Report only tax-exempt employment income (up to $1,000) you paid (as a government, a municipality, or a public authority) to a person who performed firefighter or search and rescue duties as a volunteer using code 87.

Do not report this amount in box 14.

Your employee will report this amount on lines 10100 of their income tax and benefit return. They will also be able to claim the deductions on either line 31220 or 31240.

Specific situations

Employment income of $1,000 or more

Report only the tax-exempt amount (up to $1,000) using code 87 and the remaining taxable employment income using box 14.

Person does not qualify for the exemption

Do not report an amount using code 87 if you employed the volunteer for the same or similar duties, use box 14 to report the total amount.

Learn more: Payments to emergency services volunteers.

Report the tax-exempt part of the self-employment income you paid to a person who is registered, or entitled to be registered under the Indian Act who is a self-employed fisher, a self-employed barber or hairdresser, or a self-employed taxi driver and driver of other passenger-carrying vehicles using code 88. If you report an amount in code 88, you have to enter the appropriate employment code using box 29.

Do not report this amount in box 14.

Your employee will report this amount on their Form T90, Income Exempt from Tax under the Indian Act.

Specific situations

Partly tax-exempt

Report the tax-exempt part of the self-employment income using code 88 and the taxable self-employment income using:

• Code 78, code 79 and code 80 for a fisher
• Code 82 for a taxi driver or driver of other passenger carrying vehicle
• Code 83 for a barber or hairdresser

Fully taxable

Do not report fully taxable self-employment income using code 88, use:

• Code 78, code 79 and code 80 for a fisher
• Code 82 for a taxi driver or driver of other passenger carrying vehicle
• Code 83 for a barber or hairdresser

Learn more: Payments to First Nations workers.

As a result of the proposed legislative change, report the total value of the security options taxable benefit you provided to your employee:

• New On or after June 25, 2024, using code 90 and box 14

• Before June 25, 2024, do not use code 90 to report the value of the taxable benefit received in this period, use code 38 and box 14.

Your employee may claim the additional security options deduction at line 24901 - Additional security options deduction of their income tax and benefit return to increase their security options deduction to 50%.

Your employee will not report the amount reported in code 90 on any line of their income tax and benefit return and it is for CRA use only.

Option benefit deductions

Security options deduction under paragraph 110(1)(d)

As a result of the proposed legislative change, if your employee is eligible for the option benefit deduction under paragraph 110(1)(d) of the ITA, report:

• New On or after June 25, 2024, the following fraction of the value of the taxable benefit received from qualified securities in the period:
  1/3 - From Jun 25, 2024 to December 31, 2024
  1/2 - After December 31, 2024 using code 91.

• Before June 25, 2024, report 1/2 of the value of the taxable benefit received from qualified securities in this period using code 39.

Security options deduction under paragraph 110(1)(d.1)

As a result of the proposed legislative change, if your employee is eligible for the option benefit deduction under paragraph 110(1)(d.1) of the ITA, report:

• New On or after June 25, 2024, the following fraction of the value of the taxable benefit received from qualified securities in the period:
  1/3 - From Jun 25, 2024 to December 31, 2024
  1/2 - After December 31, 2024 using code 92.

• Before June 25, 2024, report 1/2 of the value of the taxable benefit received from qualified securities in this period using code 41.

Employer makes election under subsection 110(1.1)

If your employee is eligible for the option benefit deduction under paragraph 110(1)(d) of the ITA and you made an election under subsection 110(1.1) of the ITA to not claim the cash-out as an expense, also report the value of the taxable benefit using code 86

Learn more: Employee security (stock) options

As a result of the proposed legislative change, if your employee is eligible for the option benefit deduction under paragraph 110(1)(d) of the ITA, report:

• New On or after June 25, 2024, the following fraction of the value of the taxable benefit received from qualified securities in the period:
  1/3 - From Jun 25, 2024 to December 31, 2024
  1/2 - After December 31, 2024 using code 91.

• Before June 25, 2024, do not use code 91 to report the deduction associated with the taxable benefit received in this period, use code 39.

CRA administrative policy To reduce the burden on employers and payroll service providers, a new CRA administrative policy was introduced for T4 reporting of security options benefits and deductions from June 25, 2024 to December 31, 2024. Learn more: code 90.

If you report an amount in code 91, you have to report the total value of the security options benefit received on or after June 25, 2024 using code 90.

Do not report this amount in box 14.

Learn more: Employee security (stock) options

Your employee will report this amount on line 24900 of their income tax and benefit return.

As a result of the proposed legislative change, if your employee is eligible for the option benefit deduction under paragraph 110(1)(d.1) of the ITA, report:

• New On or after June 25, 2024, the following fraction of the value of the taxable benefit received from qualified securities in the period:
  1/3 - From Jun 25, 2024 to December 31, 2024
  1/2 - After December 31, 2024 using code 92.

• Before June 25, 2024, do not use code 92 to report the deduction associated with the taxable benefit received in this period, use code 41.

CRA administrative policy To reduce the burden on employers and payroll service providers, a new CRA administrative policy was introduced for T4 reporting of security options benefits and deductions from June 25, 2024 to December 31, 2024. Learn more: code 90.

If you report an amount in code 92, you have to report the total value of the security options benefit received on or after June 25, 2024 using code 90.

Do not report this amount in box 14.

Learn more: Employee security (stock) options

Your employee will report this amount on line 24900 of their income tax and benefit return.

For T4 slips filed for calendar year 2024 and after, report only RPP contributions relating to tax-exempt employment income you paid to your employee who is registered, or entitled to be registered under the Indian Act using code 94. The amount of the tax-exempt employment income you paid is the amount reported using code 71.

UpdateDo not use code 94 before January 13, 2025 if you are filing electronically.

Learn more: Payments to First Nations workers

Your employee will report this amount on their Form T90, Income Exempt from Tax under the Indian Act.

Specific situations

T4 slips filed before January 13, 2025

Update - CRA administrative policy

To reduce the burden on employers, if you filed your T4 slips for calendar year 2024 before January 13, 2025, you do not have to file amended T4 slips to report this code. In this situation, you have to provide your employee with proof of the amount of RPP contributions that related to tax-exempt employment income.

Partly tax-exempt

Report the RPP contributions relating to tax-exempt employment income using code 94 and the RPP contributions relating to the taxable part of their employment income using box 20.

Fully taxable

Do not report RPP contributions relating to fully taxable income using code 94, use box 20.

Learn more: Contributions to savings and pension plans

For T4 slips filed for calendar year 2024 and after, report only union dues relating to tax-exempt employment income you paid to your employee who is registered, or entitled to be registered under the Indian Act using code 95. The amount of the tax-exempt employment income you paid is the amount reported using code 71.

UpdateDo not use code 95 before January 13, 2025 if you are filing electronically.

Learn more: Payments to First Nations workers

Your employee will report this amount on their Form T90, Income Exempt from Tax under the Indian Act.

Specific situations

T4 slips filed before January 13, 2025

Update - CRA administrative policy

To reduce the burden on employers, if you filed your T4 slips for calendar year 2024 before January 13, 2025, you do not have to file amended T4 slips to report this code. In this situation, you have to provide your employee with proof of the amount of union dues that related to tax-exempt employment income.

Partly tax-exempt

Report the union dues relating to tax-exempt employment income using code 95 and the union dues relating to the taxable part of their employment income using box 44.

Fully taxable

Do not report union dues relating to fully taxable income using code 95, use box 44.