2016 t4a mailed

You've received a T4A slip for 2016!

A T4A slip is a statement of pension, annuity, and other income that you received from a pension, retirement, or other type of plan. It's used to report income that's not subject to withholding, such as:

Here are some things you should know about your 2016 T4A slip:

  1. Report the income on your tax return: You'll need to report the income from your T4A slip on your personal tax return (T1). You'll need to enter the amount from Box 14 (Registered Pension Plan (RPP) and Deferred Profit Sharing Plan (DPSP) income) and Box 16 (Other income) on your tax return.
  2. Check the box for "Other income": If you have other income reported on your T4A slip, such as scholarships or fellowships, you'll need to check the box for "Other income" on your tax return and report the amount.
  3. Keep the slip for your records: Keep your T4A slip for your records, as you may need to provide it to the Canada Revenue Agency (CRA) or your employer if you're audited.
  4. Check for errors: Double-check your T4A slip for errors, such as incorrect names, dates, or amounts. If you find an error, contact the issuer (your employer or pension plan administrator) to correct it.

Remember to report your T4A income accurately on your tax return to avoid any potential issues with the CRA. If you have any questions or concerns, feel free to ask!