Question 1

Employers may be exempted from paying the Ontario Health Tax if their Total Ontario Remuneration falls below the annual exemption threshold.

Accepted Answer

A) True 
 B)False

Question 2

How many copies of each T4 at minimum are required?

Accepted Answer

A)  2 
B)  3 
C)  5 
D)  4 
E)  1

Question 3

What is a T4 Summary? Who completes it? When must it be filed?

Accepted Answer

The answer of What is a T4 Summary? Who completes...

Question 4

If an employee worked in more than one province or territory during the year the employer should:

Accepted Answer

A)  Leave off the amounts earned in the lower income province 
B)  Create a separate T4 slip for the earnings and deductions that apply to each province or territory 
C)  Total the amounts and create one combined T4 
D)  Put a note in the "Other Information" area at the bottom of the T4 explaining the complication 
E)  List the province of employment as the location where the most income was earned

Question 5

The Ontario Workers Compensation Reconciliation Form is due by:

Accepted Answer

A)  The last day of February of the subsequent year 
B)  April 30th of the subsequent year 
C)  March 31st of the subsequent year 
D)  April 15th of the subsequent year 
E)  December 31st of the current year

Exam 12: Important Information About T4 Forms and Filing Requirements

Employers may be exempted from paying the Ontario Health Tax if their Total Ontario Remuneration falls below the annual exemption threshold.

How many copies of each T4 at minimum are required?

What is a T4 Summary? Who completes it? When must it be filed?

If an employee worked in more than one province or territory during the year the employer should:

The Ontario Workers Compensation Reconciliation Form is due by: