T4, T4A, and T5 Slips Explained: Your Updated Guide for 2026 Filing
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Article Summary
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- In Canada, tax slips like T4, T4A, and T5 report different types of income and help the CRA track earnings and deductions for accurate tax filing.
- A T4 slip reports employment income and deductions such as CPP, EI, and income tax withheld by employers.
- A T4A slip reports non-salary income such as pensions, commissions, scholarships, research grants, or other payments.
- A T5 slip reports investment income, including interest, dividends, and certain foreign or royalty earnings.
- Individuals may receive multiple slips depending on their sources of income during the year.
- These slips must be used when filing tax returns to ensure income is reported correctly.
- For the 2025 tax year, the filing deadline is April 30, 2026, while self-employed individuals can file until June 15, 2026.
- Global FPO provides expert tax support to help individuals and businesses manage tax slips and file accurately.
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