T4 Slip Preparation
Professional CRA compliant T4 slip preparation and filing for Canadian businesses. Accurate employee income reporting with complete CPP, EI, and income tax documentation.
Why Professional T4 Slip Preparation Matters
Accurate CRA compliant T4 slip preparation ensures your employees receive correct tax documents and your business avoids costly CRA penalties.
Compliance Deadlines Matter
Our T4 slip preparation services ensure you meet all CRA deadlines. T4 slips must be issued to employees by the last day of February and filed with CRA by the same deadline.
Missing T4 filing deadlines results in significant penalties—$10 per day per T4 slip, with minimum penalties of $100 and maximums up to $7,500. Our T4 slip preparation process ensures timely, accurate submissions that keep your business compliant and penalty-free.
Complete T4 Slip Preparation Components
Our CRA compliant T4 slip preparation covers all required components for accurate employee income reporting.
Income Reporting
Our T4 slip preparation accurately reports all employee income types, including wages, salaries, bonuses, commissions, and other taxable benefits.
The T4 slip preparation process captures all income sources throughout the year, ensuring employees have complete records for their personal tax filings. This comprehensive CRA compliant approach prevents under-reporting that could trigger CRA audits or employee inquiries.
Income Types Reported
CPP Deductions
Our T4 slip preparation accurately reports Canada Pension Plan contributions. We track employee and employer CPP contributions throughout the year.
The T4 slip preparation ensures Box 16 (Employee CPP) and Box 17 (Employer CPP) are calculated correctly, respecting annual maximums and exemption amounts. This CRA compliant reporting provides employees with accurate CPP contribution records for their future pension benefits.
EI Deductions
Employment Insurance deductions are reported in our T4 slip preparation process. We track all EI contributions for employees and employers.
The CRA compliant T4 reporting includes Box 18 (Employee EI) and Box 19 (Employer EI), with accurate calculations that respect annual maximums and special EI rates where applicable. Our T4 slip preparation ensures employees receive correct EI contribution records for benefit eligibility.
Benefits of Professional T4 Slip Preparation
Our CRA compliant T4 preparation delivers peace of mind and operational efficiency for your business.
Avoid Penalties
Professional T4 slip preparation ensures on-time filing, avoiding CRA penalties for late T4 submissions.
The T4 slip preparation process includes deadline tracking and automated reminders, ensuring your business never misses the February 28th deadline. This CRA compliant approach prevents costly penalties that can accumulate quickly.
Employee Satisfaction
Accurate T4 slip preparation means employees receive correct documents for their tax filings, improving satisfaction and trust.
When employees receive accurate T4 slips on time, they can file their personal taxes promptly and correctly. Our CRA compliant preparation reduces employee inquiries and corrections, saving your HR and payroll teams valuable time.
Audit Protection
Our T4 slip preparation creates comprehensive supporting documentation that protects your business during CRA audits.
Every figure on your T4 slips is supported by detailed payroll records and calculations. The T4 slip preparation documentation provides clear evidence of compliance, making CRA audits smoother and reducing the likelihood of reassessments.
Time Savings
Outsourced T4 slip preparation frees your internal team to focus on business operations rather than year-end administrative tasks.
The CRA compliant process handles all T4 preparation, validation, and filing automatically. This efficiency allows your staff to focus on strategic initiatives while we ensure year-end compliance.
Ready for Professional T4 Slip Preparation?
Ensure your year-end payroll reporting is accurate and CRA compliant. Contact us today.