If I work a day on Dec. 27, 2014, but my pay for that day is issued Jan. 7th, 2015, does it appear on my T4 for 2014 tax year (when it's earned) or 2015 (when it's paid)?

posted

1 Best answer

Accepted Solutions

If I work a day on Dec. 27, 2014, but my pay for that day is issued Jan. 7th, 2015, does it appear on my T4 for 2014 tax year (when it's earned) or 2015 (when it's paid)?

Hi,

this CRA article will give you the information you're looking for:

http://www.cra-arc.gc.ca/tx/bsnss/tpcs/pyrll/rtrns/t4/slps/whn-eng.html

In short, the income is reported on the T4 for the year it was paid.

View solution in original post

1 Reply

If I work a day on Dec. 27, 2014, but my pay for that day is issued Jan. 7th, 2015, does it appear on my T4 for 2014 tax year (when it's earned) or 2015 (when it's paid)?

Hi,

this CRA article will give you the information you're looking for:

http://www.cra-arc.gc.ca/tx/bsnss/tpcs/pyrll/rtrns/t4/slps/whn-eng.html

In short, the income is reported on the T4 for the year it was paid.