Preparing Tax Information Slips

Tax Information Slips report the income paid to one taxpayer from another employer, corporation, sole proprietor, trust, etc.) These slips are required to be filed with the CRA in order for them to rectify whether or not a taxpayer is reporting the correct amount of income on their tax return.

The most common Tax Information Slips are:

  • T3 – Represents income from a Trust. This income often retains the nature of the income received by the trust.
  • T4 – Reports employment income (i.e. salaries, wages, bonuses, commission, taxable benefits, employment, etc.)
  • T4A – Represents income from self-employment or pension income (i.e. fees for services, commissions, pensions, etc.)
  • T5 – Reports Investment Income (interest, dividends, etc.)

There is a number of other Tax Information Slips that can and should be filed. Should you require Numbers Plus® to assist in preparing your Tax Information Slip, or any other slip, book an appointment to see how we can help you.


Important Dates

April 30

Personal tax payments are due. Tax return filing deadline is April 30th unless you or your spouse have business income then filing deadline is June 15th.

March 31

Trusts: Payment and filing deadline is March 31st (three months after the year end which is Dec 31st) unless a Graduated Rate Estate which is three months after the...

February 28

Tax Slips (T4, T4A, T5, …): Payment deadlines are as per usual (i.e.

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Resources

FAQ

Where are you located?

We are located on 168 Queen Street in Mississauga, ON in suite 209. The office is located in beautiful downtown Streetsville.

What are your hours of operation?

Our standard working day runs from 9am to 5pm. We can occasionally accommodate appointments outside of these hours.

Do you have parking?

Yes. We have parking in the back of the building with easy access to our office. If you require public transportation, the Mississauga Transit system stops in front of our office and the Streetsville Go Station is only a few blocks away.

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