T4 slip
Canadian ProgramsA form your employer gives you each year showing your total earnings and deductions (income tax, CPP, EI). You need your T4 to file your tax return. If you worked for multiple employers, you will receive a T4 from each one.
Read more about this →Related terms
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Gross income
Your total earnings before any deductions like income tax, CPP, or EI premiums are taken off. The number on your job offer is usually gross income; your actual take-home pay (net income) will be lower.
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Net income
The amount of money you actually take home after all deductions. This is the number that matters for budgeting because it reflects what you actually have to work with each pay period.
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T90 form (Section 87 exempt income)
The CRA form used to report employment income that is exempt from tax under Section 87 of the Indian Act. Even though the income is not taxed, reporting it on your return is essential — it is used to calculate benefits like CCB, GST credit, and GIS, which are based on your total income.