How to fill out the T4 slip

Prepare the T4 slip in the following way when you pay the deferred amounts to the participant during the leave period.

Box 14 – Employment income

Report the total deferred amounts paid to the participant during the leave period.

Boxes 16 and 17 – Employee's CPP/QPP contributions

Report the amount of CPP/QPP contributions you deducted from the participant’s deferred amounts you paid during the leave period.

Box 18 – Employee's EI premiums

Do not report an amount in box 18.

Box 22 – Income tax deducted

Report the total income tax you deducted from the participant’s remuneration. This includes the federal, provincial (except Quebec), and territorial taxes that apply.

Box 24 – EI insurable earnings

Report "0" in box 24.

Box 26 – CPP/QPP pensionable earnings

Report the amount of the participant’s pensionable earnings you used to calculate their CPP/QPP contributions, up to a maximum of $64,900 for 2022.

Report “0” if there are no pensionable earnings.

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

Enter an “X” or a check mark under EI. Do not fill out the CPP, QPP or PPIP boxes, unless the earnings were exempt for the entire period of employment.

Box 29 – Employment code

Enter code 14.

Box 55 – Employee's PPIP premiums

Do not enter an amount in box 55.

Box 56 – PPIP insurable earnings

Do not enter an amount in box 56.