TAX SLIPS, CANADAThe T4 slip, explained.
Reports an employee’s pay for the year and the deductions withheld, including income tax, CPP or QPP contributions and EI premiums. Clients share their T4s with advisors and accountants during tax season, and firms deliver T4s to their own employees.
What Intelligent Document Processing extracts
How FutureVault handles the T4 slip.
T4 slip questions, answered.
When is the T4 slip due?
By the last day of February. If a deadline falls on a weekend or public holiday, it moves to the next business day.
Can FutureVault extract data from the T4 slip?
Yes. Intelligent Document Processing reads the T4 slip and captures fields such as employee name, employer name, employment income, with a confidence score on every field and human review for anything uncertain.
How does FutureVault handle the T4 slip?
Request the T4 slip in a secure checklist, and clients upload it from any device, with automatic reminders. Intelligent Document Processing reads the T4 slip and captures its key fields for planning.