T4, a summary of deductions related to the
employee’s salary. These deductions means, the salary calculated after tax. In
other words ‘T4’ also means the taxable income or ‘income after tax’. The total
deductions includes CPP, EI & taxes (Provincial & Federal). It also
includes the employer contribution according to the relation of CRA given
ratio, the values that are forwarded to the Canada Revenue Agency. The company
provides the calculations for T4 according to the demands as well as according
to the Summary of wages calculated. These are in the frequency of weekly,
bi-weekly and monthly i.e. according to the wage payments that are due
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