How to fill out the T4 slip

Prepare the T4 slip in the following way when you pay a salary to the participant while they are working.

Box 14 – Employment income

Report the participant’s net salary (the salary minus the deferred amounts) while the person was working.

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

Report the amount of CPP/QPP contributions you deducted from the participant’s net salary (the salary minus the deferred amounts) and the employee’s pensionable earnings while the person was working.

Box 18 – Employee's EI premiums

Report the EI premiums you deducted from the participant’s gross salary (including deferred amounts) while the person was working.

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 the amount of insurable earnings you used to calculate the participant’s EI premiums, up to a maximum of $60,300 for 2022. Enter “0” if there are no insurable earnings.

Box 26 – CPP/QPP pensionable earnings

Report the amount of the participant’s pensionable earnings you used to calculate the CPP/QPP contributions, up to a maximum of $64,900 for 2022. Enter “0” if there are no pensionable earnings.

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

Do not fill in the CPP/QPP, EI, 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

If the participant worked in Quebec, report the PPIP premiums you deducted from the participant’s gross earnings (including deferred amounts).

Box 56 – PPIP insurable earnings

If the participant worked in Quebec, report the total amount used to calculate their PPIP premiums, up to a maximum of $88,000 for 2022.