Employers complete this T4A supplementary slip for: pension or to ordering slips and summaries is to use the CRA’s Web Forms application. The T4A Statement of Pension, Retirement, Annuity, and Other Income is a form reported to the Canada Revenue Agency when filing your tax return. Learn what . If you’re a student and new to filing a tax return, you might be a little unclear on what some of the slips you’re receiving are for.

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This change was effective January 1, for the tax year. Threshold 2 remittances that are received by the CRA at least one full day before the due date will be considered to be received by a financial institution and a penalty will not be charged.

A subcontractor must pay their own income tax installments and CPP contributions. To change your address, do one of the following: The federal budget included a review of the graduated penalty structure car kicks in when a tax filing deadline f or information returns is missed.

T4A Summary –

Inquire about my virtual bookkeeping services in B. You can pay in person at your financial institution in Canada. Another CRA article that may be useful if you rca and operate heavy equipment is Workers who own and operate heavy machinery-employees or self-employed workers? If you are having a problem on 4ta personal computer, you can leave your comments or questions using the SWS feedback button located in the lower left corner.

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T4A – Information for payers –

CRA were enforcing subcontractor reporting in The retiring allowance is now reported in the “other information” area and the codes to use will be: For more information, go to Filing Information Returns Electronically. If the amount on line is more than the amount on line and you do not have to file another type of return for this accountenter the difference on line If the total number of T4A slips you file is more than 50 slips for the same calendar year, you have to file them over the Internet.


It is recommended you receive an invoice from your subcontractor which contains the following information to keep an auditor happy: Subtract line from line They will be bring you up to speed on your Canadian and U. Independent contractors are responsible for calculating and remitting their self-employment taxes.

In addition, please remember that the interest amount for the Scotiabank Loan Program, subsidized by the Rotman School while you are a registered student, is also considered to be a source of income and will appear on the T4A Form. This income was previously reported in Box 28 Other Income of the T4 slip. For more information, see Interest and penalties. If you are an independent contractor in Ontario’s construction industry, make sure you become familiar with WSIB’s requirements.

Where are other useful sources of student tax information? Information is outdated or wrong. Year Enter the last two digits of the calendar year for which you are filing the summary. Employee payroll tax rates and benefits are more costly to the employerso it can be advantageous to hire an independent contractor instead of an employee If you are working in the U. Enter the seven-digit registration number s that we gave you up to a maximum of three for your registered pension plans or deferred profit sharing plans.

You may interested in an article by Ann Douglas cda in the Periodical Writers’ Association of Canadian examining the do’s and don’ts of Canadian subcontracting. A September 30, news note from taxinterpretations. Click on image above for my review.

Under, Fees or other amounts for servicesit says to report the income from fees for services in Box of the T4A slip. Retiring allowances are not considered to be pensionable or insurable earnings and are NOT to be included in Box Canadian subcontracting payments are NOT pensionable or insurable.


Do not duplicate without permission. Students can view and print forms as needed for information purposes only. Regardless of the filing method, Threshold 2 remitters must remit any balance due electronically or in person at their Dra financial institution. Detailed T4A Summary instructions. If your computer is attached to a local area network LANyou should contact your LAN administrator or technical support person for support.

T4A Statement of Pension, Retirement, Annuity, and Other Income

I can’t find what I’m looking for. This change was done in conjunction with the redesign of the T4A slip.

She explains that the CRA guide does not mention intent. The wording exact wording is “taxpayers will not be penalized for failing to complete Box “.

T4A Summary

Omni Management Services Ltd. Learn what to do after you have entered your data. Whether you file electronically or file a paper return, you can make your payment in several different ways:. The totals you report on your T4A Summary have to agree with the totals you report on your T4A slips. Please select all that apply: Better yet, create a form to capture the information you need to gather for subcontractors for CRA Students who require PIN reactivation can view instructions.

See the September 5, newsletter at bizactions. If the amount on the T4A slip is incorrect, students can contact Student Accounts at or at info. If you are a Personal Service Business an incorporated employee My Service Canada Account.