T4 Program

The T4 Program is a government initiative in Canada designed to help eligible employees and contractors by providing them with a T4 slip. This slip reports their income and deductions for the year, which they use to file taxes. The program ensures accurate record-keeping for tax purposes and helps individuals access benefits or credits. It also supports employers in meeting their tax reporting obligations efficiently. Overall, the T4 Program simplifies the process of reporting employment income, promoting transparency and compliance within the Canadian tax system.