← Curriculum /Payroll and source deductions /T4 slips and the T4 Summary

Quiz: T4 slips and the T4 Summary

7 questions

How this works

Answer every question. Select-all questions are marked all-or-nothing — ticking every box scores zero, not partial credit.
Submit once. You will see which you got right, and an explanation for every question including the ones you answered correctly.
Your score is recorded beside your progress. It does not unlock or revoke anything — marking this tutorial complete stays your call, before or after the quiz.
Retake it whenever you like. Every attempt is kept, so improving over three tries is visible rather than overwritten.

1 When is the T4 information return due, and when must employees get their copies? The return by the last day of February; employee copies by April 30 Both within 60 days of the end of the calendar year The return by March 31; employee copies by the same date Both by the last day of February following the calendar year

Answer key unconfirmed — rests on 3 unverified claims.

2 For which of these must a T4 be issued? Select all that apply.

Select all that apply.

An employee who received only taxable benefits and no cash pay An employee who left the employment during the year A self-employed contractor engaged during the year An employee from whom no income tax was withheld, where the other reporting conditions are met

Answer key unconfirmed — rests on 3 unverified claims.

3 An employee's pensionable earnings, insurable earnings and total employment income are all different figures on the T4. Is that an error? No — they are reported separately and may legitimately differ from each other and from total employment income Yes — all three should agree Yes, unless the employee reached an annual maximum No, but only where the employee worked in more than one province

Answer key unconfirmed — rests on 1 unverified claim.

4 Match the correction to the problem: a slip filed with a wrong amount, a slip that should never have been filed, and a slip that was missed entirely. Amended slip; cancelled slip; additional slip Cancelled slip; amended slip; additional slip All three are corrected by filing an amended slip Amended slip; additional slip; cancelled slip

Answer key unconfirmed — rests on 3 unverified claims.

5 How is the penalty for filing an information return late determined? A flat amount per return Based on the number of slips, subject to a minimum, increasing in bands as the number rises A percentage of the source deductions that should have been remitted A percentage of the total remuneration reported

Answer key unconfirmed — rests on 1 unverified claim.

6 An employer with a moderate number of slips asks whether it can file on paper. Paper filing is available only for employers with a single slip CRA requires electronic filing above a threshold number of slips, and that threshold has been lowered Paper filing is always available Electronic filing is required for all employers without exception

Answer key unconfirmed — rests on 1 unverified claim.

7 What is the T4 Summary for? It replaces the individual slips for small employers It reports the employer's totals for the year and is reconciled by CRA against the remittances actually received It reports only the employer's own CPP and EI shares It is the employee's copy of the T4 information

Answer key unconfirmed — rests on 1 unverified claim.

Unanswered questions are marked wrong. There is no partial credit.