01/11/2026
Be Ready! Start Preparing for Tax Season
Please check carefully and gather all your tax slips.
You may already have some of these without realizing it.
IMPORTANT:
Missing even ONE T-slip or CRA notice can result in a CRA reassessment, which may recalculate your benefits, delay your refund, or create an amount to repay.
What to Know:
•Income comes from many sources, not just a job.
•Slips may come from CRA, employers, banks, pension plans, or benefit programs.
•Some income does not come with a slip and still must be reported.
Common T-Slips & What They Mean:
T4 – Employment Income
Issued by your employer. Reports salary, wages, tips, bonuses, and taxable benefits.
T4A – Other Income
Issued for contract work, commissions, pensions, scholarships, or honorariums.
T4E – Employment Insurance (EI)
Issued by Service Canada. Includes regular EI, sickness, maternity, or parental benefits.
T4A(P) – CPP Benefits
Issued by CRA. Reports Canada Pension Plan benefits.
T4A(OAS) – Old Age Security
Issued by CRA. Reports OAS income and may be subject to clawback.
T5 – Investment Income
Issued by banks or financial institutions. Reports interest and dividends.
T3 – Trust / Mutual Fund Income
Issued by investment companies. Reports income and capital gains.
T5007 – Benefits Statement
Issued for social assistance or workers’ compensation. Still counts for benefits.
T5013 – Partnership Income
Issued if you are part of a partnership or certain business arrangements.
T5008 – Investment Transactions
Issued by brokerages for sales of stocks, crypto, or other securities.
T4RSP – RRSP Withdrawals
Issued by banks or investment firms. RRSP withdrawals are taxable.
T4RIF – RRIF Withdrawals
Issued by financial institutions. RRIF withdrawals are taxable.
T4PS – Profit-Sharing Income
Issued if you received income from an employee profit-sharing plan.
ACWB Reminder (Very Important):
If you received Advanced Canada Workers Benefit (ACWB), you will definitely have an RC210 (CRA Notice). This document is required to correctly reconcile your tax return and avoid repayment.
Prepare early to avoid reassessments, benefit recalculations, and delays.