Printing T4A Slips

Overview

In most cases you would only print T4A slips in January or February for all individuals paid in the prior year. The main exception to this rule is if the business is closed and T4As must be issued in mid-year.

T4As may also be setup, prepared and printed from Accounts Payable. See Printing T4A Slips from Accounts Payable for more.

In NV2 Payroll, T4A slips may be printed for any year, whenever required. There are no year-end "closing" steps - T4A information is always available up-to-date and "on-screen". You simply print it.

Employees or Self-Employed

It is important to determine whether a worker is an employee or a self-employed individual. Revenue Canada has a publication RC4110(E) that will help you understand how to determine a worker's employment status.

A T4A slip is used to report the following types of income:

• pension or superannuation
• lump-sum payments
• self-employed commissions
• annuities
• retiring allowances
• patronage allocations
• RESP accumulated income payments
• RESP educational assistance payments
• fees or other amounts for services
• other income such as research grants, certain payments under a wage-loss replacement plan, death benefits, and certain benefits paid to partnerships or shareholders

T4As can be generated from both payroll and accounts payable. If a worker is not an employee nor an incorporated company, the individual should be set up under accounts payable.

Printing T4A from Accounts Payable

See Printing T4A Slips from Accounts Payable for more.

Printing T4A from Payroll

To print one or more T4As, you:

1. Set the Payroll's T4/Releve 1 Reporting Year to the desired year.
2. Switch to the T4A List window and print T4As.

• Printing T4A - Preparation
• Printing the Slips
• T4A Summary Report
• Internet File Transfer (XML)

Note: T4As will only print if the annual amount is greater than &336;500.00 or if income tax has been withheld.