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Information slips are issued and prepared by payers, employers, and administrators, and are required for Canadian income tax returns to report many types of income, including benefits that one has paid during a tax year. Typically, taxpayers receive three copies of each information slip — one copy must be submitted with their federal tax return, the second copy must be submitted with their provincial or territory tax return, and the third copy must be kept as a record by the taxpayer.

The following are the various types of information slips:

• T3 — Statement of Trust Income Allocations and Designations: This slip is issued by trustees and financial administrators to advise the CRA and the taxpayer about earned income for the year from business trusts, estates, and mutual funds in non-registered accounts.

• T4 — Statement of Remuneration Paid: This slip is issued by employers to employees to advise the CRA and the taxpayer of employment income the taxpayer earned during a tax year and the amount of income tax that was deducted at the source. Employment income includes bonuses, commissions, salary, tips, vacation pay, taxable allowances, value of taxable benefits, honorariums, and payment in lieu of notice.

• T4A — Statement of Pension, Retirement, Annuity, and Other Income: Employers issue this slip to employees to inform the CRA and the taxpayer of earned income from a given tax year, including the amount of income tax deducted. It may further be issued by corporate directors, pension administrators, trustees, or estate executors or liquidators

• T4A(OAS) — Statement of Old Age Security: This slip is issued by Service Canada to advise the CRA and the taxpayer of Old Age Security income earned by the taxpayer during a tax year, including the amount of income tax deducted.

• T4A(P) — Statement of Canada Pension Plan Benefits: This slip is issued by Service Canada to advise the CRA and the taxpayer of Canada Pension Plan (CPP) benefits received during a tax year, including the amount of income tax deducted. CPP benefits include child benefits, retirement benefits, death benefits, and survivor benefits.

• T4E — Statement of Employment Insurance and Other Benefits: Service Canada issues this slip to advise the CRA and the taxpayer of Employment Insurance benefits paid to the taxpayer for the previous tax year, including any income tax deducted, and any amount paid toward an overpayment.

• T4RIF — Statement of Income from a Registered Retirement Income Fund: This slip is issued by financial institutions to advise the CRA and the taxpayer of monies received out of one’s Registered Retirement Income Fund (RRIF) for a given tax year and how much tax was deducted.

• T4RSP — Statement of RRSP Income: This slip is issued by financial institutions to advise the CRA and the taxpayer of monies withdrawn or received from one’s Registered Retirement Savings Plan (RRSP) for a given tax year and how much tax was deducted.

• T5 — Statement of Investment Income: This slip is issued by organizations which pay royalties, dividends, or interest, in order to advise the CRA and the taxpayer of investment income earned for a given tax year. Investment income includes insurance policies, interest earned from bank accounts, annuities, bonds, and any account with a broker or investment dealer.

• T5007 — Statement of Benefits: Issued by agencies or bodies to report payments for workers’ compensation benefits or social assistance.

• RC210 — Statement of Advance Payments for Working Income Tax Benefit: This slip is issued by the CRA to advise the taxpayer of any working income tax benefit payments that were made to the taxpayer during the year.

• RC62 — Statement of Universal Child Care Benefit: Issued by Human Resources and Skills Development Canada, this slip outlines the total Universal Child Care Benefits paid to the taxpayer during a tax year and any repayment of benefits from a previous year.