Year End
T4A box information
T4A Slip - Information for Payers Refer to CRA website for more information on T4A slips. Box Title Box 015 Payer-offered dental benefits *new for 2023 Box 016 Pension or superannuation Box 018 Lump-Sum payments Box 020 Self-employed commissions Box ...
Year End summary requirements for employers with Québec employees
For Québec employees, please refer to the Guide to Filing the RL-1 Summary and the RL-1 Summary fillable version. Here are some guidelines to fill the RL-1 Summary: 1. To complete your Summary of Source Deductions and Employer Contributions ...
Process a PIER report
Let’s look at an example of a PIER report and how we go about reconciling the information based on what is within the Rise system. 1. Open your Pensionable and Insurable Earnings Review (PIER) documentation that you have received from the CRA. 2. ...
Preview T4s before closing the year
1. Click Payroll, then click Mid-Year Review under Remittance Auditing. 2. A new tab will open with the heading Mid-Year Review. Click on Prepare New next to this year's entry. 3. A pop up will appear asking for which date you want to preview data. ...
Combine T4s from multiple organizations into one
If you're an admin for multiple payroll organizations and all of the organizations are connected to ONE Rise account, you should combine all your T4s into one organization. Let's say you have two organizations, Bi-Weekly Org and Semi-Monthly Org, and ...
Get your T4 remittance balance from the CRA
The remittance balance is the credit to your payroll account with the CRA -- this is the sum of all money remitted to them for the year. If you joined Rise during the year, this would include amounts remitted by you or by your previous provider. If ...
Edit tax forms
If you have previous YTD data, or have terminated employees prior to using Rise and would like to generate their T4 slips, editing your T4s/T4As requires you to export your tax form data into Excel and then make adjustments to the spreadsheet before ...
What is a T4 form?
In what situation do I need to file T4 information? Money paid to an employee by an employer is typically referred to as remuneration; you need to report remuneration via a T4 slip for each employee who received remuneration if: You had to deduct ...
Amend tax forms
1. Navigate to Payroll, then, under Payroll, click Tax Form Runs. 2. Click Amend beside the year you want to amend. Make sure the original tax form run is filed with the CRA, or you won’t be able to amend. If you amend RL-1 Tax Form, a new line with ...
T4 box information
T4 slip: Statement of Remuneration Paid For more information on each Box listed below, refer to the CRA website here. Box Title Box 14 Employment income Box 16 / 17 Employee's CPP/ QPP contributions Box 18 Employee's EI premiums Box 19 Employer EI ...
Process tax form runs
Prior to processing year end tax forms, you must complete the following steps: 1. Close the previous year. For details on how to close the previous year, check out our article on How to close the year. 2. Find your T4 remittance balance from the CRA. ...
Close the year
Before you close the year, you must be absolutely sure that you are finished paying employees for the year. Once the year is closed, it cannot be opened. The year must be closed in order to process payroll for the new year. Please do not close the ...