Taxable Benefits Statement HR

Taxable Benefits Statement

[Your Name]

123 Main Street

Toronto, Ontario

M1M 1M1

Employee Social Insurance Number (SIN): XXX-XXX-XXX

Taxable Benefits Statement - T4 Slip

Year: [Year]

Employee's Department/Division

Production

Employee's Job Title

Production Supervisor

Employee's Payroll Number

7890123

[Box 14 - Employment Income]

$52,500.00

This box represents your total employment income for the year, including salary, wages, and any other compensation.

[Box 22 - Income Tax Deducted]

$9,500.00

This box shows the total income tax deducted from your income during the year.

[Box 24 - Pension Plan (CPP) Contributions]

$2,500.00

This box displays the total CPP contributions deducted from your income.

[Box 18 - Union Dues]

$350.00

This box indicates the total union dues deducted from your pay.

[Box 26 - Employment Insurance (EI) Premiums]

$400.00

This box shows the total EI premiums deducted from your income.

[Box 32 - Other Information]

Company Vehicle Benefit

$2,000.00

(Value of the company vehicle provided for your use.)

Stock Option Benefit

$3,500.00

(Value of stock options exercised during the year.)

Meal Allowance

$1,200.00

(Value of meal allowances provided.)

[Box 38 - Employment Insurance (EI) Insurable Earnings]

$52,500.00

This box shows your insurable earnings for EI purposes.

[Box 52 - CPP Pensionable Earnings]

$52,500.00

This box displays your pensionable earnings for CPP purposes.

This statement is for your tax reporting and record-keeping purposes. Keep it in a secure place, and use the information provided when filing your income tax return with the CRA.

[Your Name]

[Month Day, Year]

HR Templates @ Template.net.