Canadian income tax returns are due on April 30 for the previous calendar year. To help you understand better your tax slip, review these topics below.
Two or more T4 Slips
If you receive more than one T4, you had a minimum of two jobs at UBC that fall into different Employment Insurance (EI) categories. Each EI category requires a separate T4.
Taxable benefits are those benefits that have been paid by UBC on your behalf. Box 40 on your T4 shows the amount of taxable benefits that you have received. Examples of taxable benefits:
- basic group life
- some tuition waivers
- housing allowances
Taxable benefits are marked on your pay statements with an asterisk (*). If you total the asterisked items on your pay statements you should arrive at the total in Box 40.
If your total is not the same as Box 40 please contact your payroll representative.
Employment Income on T4 seems high
Box 14 includes your gross salary as well as all applicable taxable benefits that are shown in Box 40.
The amount shown in Box 40 should be added to your gross Year to Date salary from your final December pay stub.
The total should equal the amount shown in Box 14. If this is not the case please contact your payroll representative.
Employment Income on T4 seems low
You may have received two or more T4s. The amount shown in Box 14 in each T4 should be totalled and equal to your final December pay stub Year to Date earnings, plus the total of taxable benefits recorded in Box 40 of each T4.
If this is not the case please contact your payroll representative.
Tuition receipts - T2202A
All current students receive a T2202A for tuition and student fees for the previous calendar (taxation) year. T2202A are issued by Student Services. You can access your tax forms on the Student Services Centre.
Students should file a tax return
Even if you have no income, you should still file your income tax and benefit return. As a student, you might be eligible for many credits, deductions, and benefits but you must file your tax return to get them. Visit the Canada Revenue Agency for more information.
Contact your payroll representative if you have additional questions or concerns. To help us serve you faster have your T4/T4A and your final December pay stub ready.
Do you need help filing your tax return?
The Canada Revenue Agency can help you if you're having a tough time filing your income tax return.
Students, seniors, people with disability, newcomers to Canada, or low-income earners with a simple tax-filing situation can contact the Community Volunteer Income Tax Program (CVITP) at 1-800-959-8281 and ask for help. CVITP volunteers work with members of local community organizations who can help you complete and file your return.
Contact us if you have additional questions or concerns. To help us serve you faster please have your T4/ T4A, as well as your final December pay stub available.