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Blog: Thursday, March 12th, 2020

Tax Season is Here!

It’s that time of year again – tax season! Our Payroll staff have been busy preparing T4s for our employees, which were distributed via email on February 28th. T4s for 2019 and prior years are available on the AMS portal site. You can find your T4s by clicking:
My Info --> Documents & eForms --> Employee Statement

Specific questions about individual T4s should be forwarded to the Payroll Department.  Some common questions are:

Why does Box 14 on my T4 slip not equal my year to date earnings on my last pay statement of the year?

  • Box 14 includes year to date earnings and taxable benefits.  All taxable benefits are also reported in box 40 on your T4 slip.
  • Those amounts can be found on your final pay statement under the Earnings section in column “Year to Date”, bottom line “Earnings Total”.
  • Taxable benefits YTD are shown near the top right of your pay statement just under the Pay Period End Date.
  • Taxable Benefits include:  Employer-paid BC Medical Services Plan, Group Life, Dependent Life, AD&D and EI rebate.
  • Depending on payroll you may have all of these taxable benefits, some of them, or none of these taxable benefits.

Why do I have two T4’s?

  • Pay for Teachers, Support Staff, Admin, Causals, and TTOC’s are all processed separately as different earnings require different deductions and remittances to Revenue Canada.  Separate T4’s are required for each Revenue Canada account.
  • If you have a Teacher position and do TTOC work, or if you also worked Summer School – you will have 2 T4’s.
  • If you were a Casual employee and had a Support position in the calendar year you will have 2 T4’s.
  • If you were a Teacher and also an Administrator in the calendar year you will have 2 T4’s.
  • If you are a Noon Hour Supervisor, Crossing guard and also do Casual work you will have 2 T4’s.

What is the amount in Box 52?

  • This is the employee’s Pension Adjustment. It is calculated through Pensions BC for Teachers, TToCs and Admin payroll.
  • For Support Staff it is the employer’s payment to their pension. 
  • Revenue Canada uses the Pension Adjustment to determine how much room an individual has to contribute to their RRSPs for the following year.

For Teachers this year, box 85 includes the employee’s portion of Extended Health Care and Dental premiums. 

An example of a T4 and a description of all the boxes on a T4 is available here:  http://www.cra-arc.gc.ca/E/pbg/tf/t4/t4flat-14b.pdf

Happy Tax Filing from your Payroll staff (pictured below)!

Back row:  Julie Lehner, Support Staff Payroll; Ben Harrison, Benefits & Noon Hour Payroll
Front row:  Teresa Wertman, Payroll Manager; Erin Irwin, Teacher Payroll
Not pictured: Tatijana Yung, Casual & ToC Payroll; Linda Baglot, Casual & ToC Payroll

LINDA PETERS
Director, Finance