With all the changes to year-end payroll in 2020, I created a special T4 Checklist for Employers (2020 Tax Year) for my clients… and am sharing it with you to help simplify your payroll reporting.
Remember: every tax situation is unique, so make sure to check with your own accountant for advice on your individual tax situation!
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T4 CHECKLIST FOR EMPLOYERS (2020 TAX YEAR)
USEFUL LINKS
Quickbooks Online (Payroll & T4 Processing)
Homebase (Employee Scheduling & Timesheets)
CANADA REVENUE AGENCY LINKS
Canada Pension Plan (CPP) Maximums
Employment Insurance (EI) Maximums
New boxes on 2020 T4 Tax Slips
PD27 Year-end Reporting for Canada Emergency Wage Subsidy (CEWS) + 10% Wage Subsidy
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