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Level 2
posted Mar 6, 2024 5:28:58 PM

How to create a T4 for self employed income?

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5 Replies
Moderator
Mar 6, 2024 5:38:20 PM

You don't need to create a T4 for your self-employment income. You just need to fill out a T2125 Statement of Business or Professional Activities.

 

Besides, you would have had to run payroll for the year, before you can create a T4. 

Level 2
Mar 6, 2024 5:49:34 PM

My retired accountant filed  T4's in the past.  Hence, there is a Payroll account.

 

So I need to know how to create a T4 using Turbo Tax?

Moderator
Mar 6, 2024 5:58:00 PM

You can't create T4 slips in TurboTax. You can only enter amounts from existing T4 slips as part of filling out your income tax return.

 

You would need to use a program like QuickBooks to create T4 slips. 

Level 2
Mar 6, 2024 7:15:39 PM

How to post a T4 from QuickBooks to the CRA website?

Intuit Alumni
Mar 7, 2024 6:39:42 AM

For this information, you will need to contact the Canada Revenue Agency (CRA) at 1-800-959-8281.

 

Thank you for choosing TurboTax.