Do you have a vid on " Report a nil remittance "? www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/remitting-source-deductions/report-nil-remittance-when-report.html
Hi sir . thank you for sharing this vedio very helpful , a quick question If I need T4 for my employees I can get it anytime or have to wait at end of year ,
Hi Allan, Thank you so much for your help. Can you please give the link for the T4 form? Also the link for the Record for Employment (ROE) form? Thank you again.
Hi, The link for the T4 slip is: www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/completing-filing-information-returns/t4-information-employers/t4-slip.html The link for the ROE form is: www.canada.ca/en/employment-social-development/programs/ei/ei-list/ei-roe.html#h2.3
Hey Allan, thank you for this video as this is really helpful! However, I was looking for something T4A actually. I have paid my subcontractors during 2019 and I am running a physiotherapy business. My question is - do I need to fill anything else except for the box 28 (other income) with gross amount??
It's pretty clear from the form itself that it's pensionable earnings which can differ from gross earnings (box 14) because a few reasons I can think of are that in case an employee received a bonus in the tax year in addition to their salary or was laid off and was paid compensation for it.
Good evening, Why we need to fill T4 by hand, there are a programs of salaries calculate it directly and issue all of T4 at the end of the year for all of employees?
Hi Allan, Thanks for educational material you created and posted for us over the years. Can you please explain: - How to fill out T4 slip in a case there is no income at all (in a form of salary). - Do we even have to submit T4 in case of 0$? - Is submitting NIL remittance form enough or even necessary? Thanks
Hello Allan, I have a question I had a T4 from Employer for the year 2020 for the month of January and february and I started my own corporation in 2020 from March . While submitting my T4 for my corporation is it ok if I reduce the amount of CPP because my previous employer had already deducted $1,900 of CPP . In my own corporation's T4 can I show the balance i.e. $998 of CPP
Hello sir, I am using Tax prep for prepare T2. Now I want to use tax profile. May I export client information and prior balance from tax prep and import data in Tax profile? Is this possible?
Hi Gabriela, you will have to fill in the boxes for EI, CPP and income tax. If you did not deduct these amounts from the employee's paychecks, then you will be responsible for the remittance of tax.
You have to have basic knowledge of computers. This video is very useful, perhaps you don’t have the qualifications necessary to do your own accounting. If you can’t understand you can pay a tax specialist
Thank you - you made that somehow relaxing to watch haha! love the music.
nobody on UA-cam is making vids like yours. Thank you from an accounting major! :)
I love your choice of music!
It made the video so easy to watch and even enjoyable!
LA BEAST!
Thankyou!! This just made my life a lot easier!!!
Great information! Thank you very much and the pace of explanation was great.
You don't explain where to fill in the info? Where do I enter the information on step one at 0:55? Thanks
Thanks a lot, Allan for your great videos. Could you please prepare videos of preparing T2(corporate tax return) also personal/individual tax return?
Really helpful and clear,thank you so much
Great file..Thanks
Excellent ❤
Thanks Allan, You're the man!
Hello! Glad you enjoyed the video and the information was of great help!
Do you have a vid on " Report a nil remittance "?
www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/remitting-source-deductions/report-nil-remittance-when-report.html
Hi sir . thank you for sharing this vedio very helpful , a quick question If I need T4 for my employees I can get it anytime or have to wait at end of year ,
Very informative video. Thank you 🙏
Can you explain me how to do quick method in quebec
And where to find this online form??
Im wondering the same thing 😭
Could you please show me how to prepare a ROE for a terminated employee. Thank you
Hi Allan, Thank you so much for your help. Can you please give the link for the T4 form? Also the link for the Record for Employment (ROE) form?
Thank you again.
Hi,
The link for the T4 slip is:
www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/completing-filing-information-returns/t4-information-employers/t4-slip.html
The link for the ROE form is:
www.canada.ca/en/employment-social-development/programs/ei/ei-list/ei-roe.html#h2.3
Hey Allan, thank you for this video as this is really helpful!
However, I was looking for something T4A actually. I have paid my subcontractors during 2019 and I am running a physiotherapy business. My question is - do I need to fill anything else except for the box 28 (other income) with gross amount??
Does one use any software to prepare these ? Or the only option is to print out the pdf files and fill out the info ?
Thanks for this brief and helpful video. Shouldn't we be entering some number in field 26 of T4?
would you pls explain box 26 as well?
It's pretty clear from the form itself that it's pensionable earnings which can differ from gross earnings (box 14) because a few reasons I can think of are that in case an employee received a bonus in the tax year in addition to their salary or was laid off and was paid compensation for it.
Good evening,
Why we need to fill T4 by hand, there are a programs of salaries calculate it directly and issue all of T4 at the end of the year for all of employees?
So on this t4 slip did the employer get all the money back in box 22?
Can please explain felling the t4058 from for overseas worker
Company number is wrong on t4. How it could be possible?
What's the website to fill it online
To file T4 slips electronically, please see the CRA's website www.cra-arc.gc.ca/iref/
Thanks I know how to fill it easy right now
You're welcome.
Thanks. Do you have more videos for tax filings? Thanks again.
Yes. Please review the videos posted on my youtube channel
Hi Allan,
Thanks for educational material you created and posted for us over the years.
Can you please explain:
- How to fill out T4 slip in a case there is no income at all (in a form of salary).
- Do we even have to submit T4 in case of 0$?
- Is submitting NIL remittance form enough or even necessary?
Thanks
If no salary has been paid, a T4 and remittance is not required.
hi box 14 is after tax income or before any deduction?thks
That's what I'm saying what is box 14 they always go around the real shit you wana know is it before or after deductions
How do you know the exemption amount is 3,500?
Hello Allan, I have a question I had a T4 from Employer for the year 2020 for the month of January and february and I started my own corporation in 2020 from March . While submitting my T4 for my corporation is it ok if I reduce the amount of CPP because my previous employer had already deducted $1,900 of CPP . In my own corporation's T4 can I show the balance i.e. $998 of CPP
Any idea if can do through business account, meaning I first go into my business account and then issue T4/T5 et al. I don't see any option tho.
Hello sir,
I am using Tax prep for prepare T2. Now I want to use tax profile. May I export client information and prior balance from tax prep and import data in Tax profile? Is this possible?
It won't let me fill out the second half is this normal do I leave it blank???
You should be able to fill out the 2nd half. I'm not sure why it's not letting you do so.
I have the same problem did you find out the solution?
Never showed cpp pensionable earnings
Hi dear I got some days ago by mail T4 silp I don't know about it and I am doing nothing I am a house wife plz give me some advise .thank you
HI Alla, the corporate can prepare the T4 summary with box 14, only without any deductions ?,, is too late to paid cpp and ie for 2015 and 2016
Hi Gabriela, you will have to fill in the boxes for EI, CPP and income tax. If you did not deduct these amounts from the employee's paychecks, then you will be responsible for the remittance of tax.
Well I dont undersdtand Step :1 Fill in the emplyerr name BUT WHERE? which system? how to get there? NOT USEFUL at all
You have to have basic knowledge of computers. This video is very useful, perhaps you don’t have the qualifications necessary to do your own accounting. If you can’t understand you can pay a tax specialist
ua-cam.com/video/FflzEX_LH-M/v-deo.html