The information from your T4 slips is very important for preparing and filing an accurate tax return with the Canada Revenue Agency (CRA). Not only does it include how much income you earned, it also shows how much tax you’ve already paid for the year. No one wants to pay more taxes than they need to!
Each of your employers will issue a T4 slip for your employment for the year. When an employer gives you a T4 slip, they also send a copy of it to the CRA. Employers have until the end of February to issue their employees’ T4 slips. Your employer may provide you a paper copy, either directly or in the mail. Or, they may issue you your T4 electronically, via email or through their online payroll portal.
If you only received a paper copy and have misplaced it, ask your employer for a replacement copy.
The amounts from your T4 slips are accessible in your CRA My Account, if you’re registered. In your CRA My Account, you can see both your current year T4 slip amounts and amounts for prior years too.
Another terrific benefit of being registered with CRA My Account is their Auto-fill my return service. With Auto-fill my return, you can import your T4 slip amounts and other tax info directly into your TurboTax return from the CRA. Make sure to start your registration early as it takes two weeks to receive your pin in order to complete your registration. Check out our Auto-fill my return video that walks you through the process using TurboTax.
For more information on the CRA My Account or Auto-fill My Return visit: