Glossary of Terms and Definitions

Glossary Term: Difference between a T4 and T4A

Definition:

Where the term "T4" is used, that means that the payment is subject to statutory deductions for income tax, Canada Pension Plan (CPP) premiums, and Employment Insurance (EI) premiums.  Where the term "T4A" is used, that means that the payment is taxable and will be reported to the CRA (Canada Revenue Agency) on a T4A slip, but that other statutory deductions are not applicable.
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