T4 FILING DEADLINE – FEBRUARY 28 – WHAT SHOULD YOU SUPPLY TO YOUR BOOKKEEPER?
Deadline for filing T4s is February 28, 2011 for the calendar year 2010 for all employee wages and taxable benefits.
In order to prepare accurate T4 forms on behalf of a company, a bookkeeper needs a complete set of books to be able to see all wages and benefits that employees have earned during the filing period (the previous calendar year).
If employees receive taxable benefits above and beyond their salary or other wages, the value of those benefits needs to be added to the T4 calculations.
When providing your information to your bookkeeper, be sure to list any benefits that are taxable that were paid to employees throughout the year. Making sure your T4 preparer has all the info they need to process your forms efficiently and accurately.
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