T4 – Employment income

T4 – Employment Income

A T4 is a document provided to an individual by his or her employer to summarize income for a given one year period.  This document is typically obtained by a broker/agent when the applicant has employment income such as salaried or hourly income.

Every employer (resident or non-resident) must provide a T4 slip to employees if it has paid its employees any of the following types of income:

  • employment income
  • taxable allowances and benefits
  • fishing income or any other payments for services rendered during the year
  • salary, wages (including pay in lieu of termination notice,) tips or gratuities, bonuses, vacation pay, employment commissions, gross and insurable earnings of self-employed fishers, and all other remuneration paid to employees during the year
  • deductions withheld by the employer during the year and
  • pension adjustment (PA) amounts for employees who accrued a benefit for the year under the employer’s registered pension plan (RPP) or deferred profit-sharing plan (DPSP)

Detailed analysis of a T4

This section describes the sections of a T4 that are most relevant to the mortgage process.

Employer’s name

The operating or trading name of the employer.

Employee’s name and address

The employee’s last name, followed by the first name and initial, not including the title of the employee (such as Director, Mr., or Mrs.), followed by the employee’s address, including the province, territory, or U.S. state, Canadian postal code or U.S. zip code, and country.


The four digits of the calendar year in which the employer paid the remuneration to the employee.

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