If you're not sure how to report a specific benefit or amount on the T4 slip, consult an accountant or the CRA. Tips for income reporting Types of income that need to be reported on T4 slips Salary, wages (including pay in lieu of termination notice), tips or ...
If you have a strong feeling your job is on the chopping block, start planning how you’d intentionally spend your severance. Severance packages aren’t a permission slip to go buy a new gaming system or go on vacation—they should be used to keep you afloat until you land a new job....
A T5 slip must also be prepared by February of the year following the year in which the dividends were paid to you. This is a separate filing from Schedule 3 of the T2 Return. I do not have the soft copy available of the T2 Return used in this example anymore. Hope this helps. All...