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tax slips

Taxes

Quick Facts on Tax Slips

tax slips tipsIt can get very confusing when you start digging through your paperwork to find everything you need to do your personal income tax.  There are many types of tax slips that you may receive, but I will just go over some of the most common ones to get you started:

T4 – You will get a T4 from any employer that you worked for throughout the year.  The T4 is for employees, and it outlines how much you already paid for income tax as well as it includes information on Employment Insurance deductions, Canada Pension Plan deductions, and more.

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Taxes

Do I Get A Tax Slip For An RESP?

If you have a Registered Education Savings Plan (RESP) for your children, you might be wondering about what tax slips or receipts you may need in order to file your income tax.

First of all, you will not receive a contribution receipt for putting money into an RESP, as contributions towards RESPS are not tax deductible

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