Do you need t4 slips before mailing tax returns
In Canada, the Canada Revenue Agency (CRA) requires that you report your employment income and deductions on your tax return, including any amounts withheld by your employer. To do this, you'll need to gather certain documents, including T4 slips.
A T4 slip is a document that your employer provides to you and the CRA, showing the amount of income you earned and the amount of income tax withheld. You'll typically receive a T4 slip from your employer by the end of February each year, for the previous calendar year.
Before mailing your tax return, you should have the following T4 slips:
- T4 slips from your employer(s): You should receive a T4 slip from each employer you worked for during the year. This slip will show your total income, deductions, and taxes withheld.
- T4A slips (if applicable): If you received income from sources other than employment, such as investments, scholarships, or fellowships, you may receive a T4A slip. This slip will show the amount of income you received and any taxes withheld.
- T4E slips (if applicable): If you received employment income from a foreign employer, you may receive a T4E slip. This slip will show the amount of income you received and any taxes withheld.
You should keep these slips with your tax records, as you'll need them to complete your tax return. You can use the information from these slips to report your income and deductions on your tax return.
When mailing your tax return, you should include a copy of each T4 slip, as well as any other relevant documents, such as receipts for deductions and credits. Make sure to keep the original slips for your records, as you may need to provide them to the CRA if you're audited.
Remember to check your tax return carefully to ensure that you've reported all of your income and deductions accurately. If you're unsure about what to report or need help with your tax return, consider consulting a tax professional or using tax preparation software.