Anderson Collegiate and Vocational Institute

AC 1223

COMPLETING A T4 INFORMATION SLIP SASKATCHEWAN
Rosa started working for Quick Solutions located in Regina, Saskatchewan, on June 1, 1982. She
joined the company’s defined contribution registered pension plan on January 1, 1986 and was
fully vested in this plan when her employment was terminated in October, 2022. As part of the
termination package, Rosa received a retiring allowance of $55,400.00. Rosa had asked her
employer to transfer the entire eligible amount to a RRSP and took the non-eligible amount in
cash.
Calculate the eligible and non-eligible portions of Rosa’s retiring allowance as well as the
income tax withheld on the amount received in cash. Include these amounts when
completing Rosa’s T4 slip. The $26,770.00 income tax shown on the year-end payroll register
does not include the tax amount withheld on the retiring allowance.
Complete Rosa’s T4 using the information from the year-end payroll register.
Note: The boxes in the Other Information area of the T4 must be completed in numerical
order.
Item Amount
Regular earnings $66,925.00
Vacation pay $3,526.00
Bonus pay $4,950.00
Overtime pay $1,536.98
Wages in lieu of notice $13,640.00
Retiring allowance $55,400.00
Taxable meal allowance $885.00
Group term life insurance non-cash taxable benefit $143.75
Loan interest non-cash taxable benefit $2,484.75