Hi there ronnie5,
It's great to have you as part of the QuickBooks family and Community. It sounds like you might be using the Payroll add-on for QuickBooks Desktop to pay your employees, track payroll taxes, and prepare payroll forms. You've made a great choice and I want to be sure you have all the information you need when it comes to preparing your T4s. Let me give you a hand.
When posting in the Community you're welcome to share as many details about your inquiry as possible, as long as you're not sharing any sensitive details - this is a public forum after all. You can expand on what your question is in detail, and can give as much context as you think is necessary. This allows myself and other members of the Community to best assist you and ensure that you're able to meet your goals and get back to doing what you love as quickly as possible. Since you didn't share many details this time around, I'll start you off with the basics, give you some articles to refer to, and let you expand if there's more you'd like to know.
T4s are also known as the Statement of Remuneration Paid and they're used to report the income that you paid to your employees over the course of the calendar year to the CRA. You're required to provide your employees with a T4 form, which can be created. printed, and EFILED directly through QuickBooks Desktop. The steps for processing, printing, emaling, and EFILING your T4s can be found in the article below. I encourage you to check it out so you have a better understanding of how to prepare these in your accounting software:
You may be aware that the CRA introduced some new COVID-19 related boxes that are required for reporting employment income and retroactive payments due to the pandemic. We've recently introduced an autofill feature so that if these boxes are necessary to complete, the program will fill them for you. If however you'd prefer to do this manually, you have that option as well. Read more on that here: How to edit COVID-related boxes on the T4 slip.
If you have more specific questions about how to report specific amounts, consulting with an accounting professional or the CRA is your best bet. If you don't have an accountant just yet, you can Find a ProAdvisor using our online database - that's a QuickBooks-certified accountant. The CRA has tons of resources on T4s here: T4 Statement of Remuneration Paid (slip).
I'll be on standby if you want to expand on what exactly you need a hand with. Take care and have a great day!
