T4 Statements Sample Clauses
The T4 Statements clause outlines the obligations related to the preparation, provision, and accuracy of T4 tax slips, which are used to report employment income and deductions to employees and tax authorities in Canada. Typically, this clause specifies that the employer must issue T4 statements to employees by a certain deadline, ensuring all relevant income and deductions for the tax year are accurately reported. By clearly assigning responsibility for T4 statement issuance, the clause helps ensure compliance with Canadian tax laws and provides employees with the necessary documentation for their personal tax filings.
T4 Statements. The University shall indicate on the staff member’s Statement of Remuneration Paid (T4) the eligible deductions paid to the Association, subject to the provisions of the Income Tax Act and applicable regulations as periodically revised.
T4 Statements. The employer shall indicate on the employee’s Statement of Remuneration Paid (T4) the eligible deductions paid to the union, subject to the provisions of the Income Tax Act and applicable regulations as periodically revised.