Posts Tagged ‘Box 26’

T4 Summary Filed! Earlier than ever before.

Friday, January 20th, 2012

Perceptus is ahead of the game this year, and we’ve filed our T4 and T4 Summary for 2011 in January of 2012.

We don’t have many employees, so we use the CRA’s web forms. I have to admit, the CRA T4 Web Forms get better every year.  A couple years ago, the web generated T4’s looked… odd. They were very different from the traditional T4 layout, so we didn’t use those. Last year, that was fixed. This year, there are some nice little improvements here and there.

For some reason, you have to fill in box 26 this year, Box 26, “CPP/QPP Pensionable Earnings”.  In our case, we just have to enter the same value from Box 14, “Employment Income”.

Anyway, this is a reminder to other Canadian micro-businesses. It’s time to do the T4’s.

Oh, and happy Chinese New Year.