Fishing income (for example, proceeds of the catch paid to a self‑employed fisher) and employment income (for example, plant income) can be reported on the same T4 slip or on separate T4 slips.

If you paid the person only employment income, go to Step 6a – Fill out the remaining information on T4 slips for employees in most situations.

If you paid the worker both self-employed and employment income, and are reporting both on the same T4 slip, see:

• Step 6a for the employment income part
• the following instructions for the worker’s self-employed fishing income part

Self-employed fishing income

If you paid tax-exempt fishing income to a self-employed Indian, go to Tax-exempt and partly tax-exempt employment income.

The worker is responsible for their own CPP and income tax on their self-employed income.

You have to report both the worker’s share and your share of EI premiums and PPIP premiums on a T4.

Fishing income (for example, proceeds of the catch paid to a self-employed fisher) and employment income (for example, plant income) can be reported on the same T4 slip or on separate T4 slips.

Cash and accrual methods of accounting

Whether you report self-employed fisher income that is payable or paid depends on whether you are using the cash method or accrual method of accounting. For an explanation of these methods, go to Chapter 1 of Guide T4002, Self‑employed Business, Professional, Commission, Farming, and Fishing Income.

Employer's name

Enter your operating or trade name.

Employee's name and address

Enter the fisher's name and address, including the province or territory and postal code.

Box 10 – Province of employment

Enter the provincial or territorial abbreviation.

Box 12 – Social insurance number

Enter the SIN, as provided by the fisher.

Box 14 – Employment income

Leave blank. Fishing income is reported using codes 78, 79, and 80. See the Other information area below.

Box 18 – Employee's EI premiums

Enter the EI premiums you remitted on behalf of the self-employed fisher on their gross income.

Box 24 – EI insurable earnings

Enter the amount of the fisher's insurable earnings on which you calculated the EI premiums, up to a maximum of $60,300 for 2022. Enter "0" if there are no insurable earnings.

Box 28 – Exempt (CPP/QPP, EI, and PPIP)

Enter an "X" or a check mark under CPP/QPP (fisher earnings are not pensionable).

Box 29 – Employment code

Enter code 17.

Box 55 – Employee's PPIP premiums

Enter the PPIP premiums you deducted from gross income of fishers working in Quebec.

Box 56 – PPIP insurable earnings

If the fisher worked in Quebec, report the total amount used to calculate their PPIP premiums, up to a maximum of $88,000 for 2022. The instructions for calculating PPIP insurable earnings are the same as for calculating EI premiums.

Other information

Code 78 – Fishers – Gross income

Enter code 78 and report the amount paid or payable to the fisher from the proceeds of a catch.

You also need to report either the net partnership or owner amount using code 79 or the share person amount using code 80. Do not include this amount in box 14.

Code 79 – Fishers – Net partnership amount

Enter code 79 and the applicable amount if the fisher you are paying is a type 1 fisher (go to Box 24 – EI insurable earnings).

Report the same amount that you reported in box 24 (or in box 56 if the fisher in Quebec).

Do not report this amount in box 14.

Code 80 – Fishers – Shareperson amount

Enter code 80 and the applicable amount if the fisher you are paying is a type 2 fisher (go to Box 24 – EI insurable earnings).

Report the same amount that you reported in box 24 (or in box 56 if the fisher in Quebec).

Do not report this amount in box 14.