T4 Tax Form

What is a T4 tax form?

If you are a salaried employee, the  T4-Statement of Remuneration is used by your employer to indicate what you have been paid before deductions, as well as your contributions made to the Canada Pension Plan (CPP), Employment Insurance (EI) as well as other amounts deducted from your pay cheque during the tax year.    Income from pensions, annuities and other type of income will be reported on a T4A tax form.

When will I receive my T4?

T4 (Statement of Remuneration Paid) will be sent to employees on or before the last day of February following the calendar year to which the slips apply.   T4 will be emailed to current employees in the same manner as the pay statements.  Former employees will have their T4 mailed to their last know address.

Why is the amount in Box 14 of my T4 different from my annual salary?

In addition to salary, all taxable benefits are added to the income reported in box 14.  For example, the Life Insurance Premiums paid by the Board are considered a taxable benefit under the Income Tax Regulations. 

Why did I get more than one T4?

Some staff will receive more than one T4.  If you receive more than one e-mail, they are not duplicate messages, you need to print all the T4s you received and add them up when preparing your income tax return. Multiple T4s will be issued to support staff that completed their probation during the same calendar year and certificated staff that worked both on contract (monthly salary) and as sub-teacher (bi-weekly).  Other staff that worked in more than one job classification may also received more than one T4.

One of the reason for creating separate T4s is that the District must maintain separate CRA payroll accounts.  One is for permanent staff with sick leave benefits that pay a lower Employment Insurance premium and the other is for temporary, casual, probationary or contracted staff that pay the regular Employment Insurance premium.  

For staff that receive multiple T4s, it is important that you add all the amounts reported and include them all in your income tax return.
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Fort McMurray Catholic Board of Education
9809 Main St.
Fort McMurray, AB, T9H 1T7

Phone: 780-799-5700
Fax:     780-799-5706

info@fmcsd.ab.ca

Superintendent of Schools:
George McGuigan
 
Deputy Superintendent-
Inclusive Education
Monica Mankowski
 
Secretary Treasurer:
Francois Gagnon