T4s, Contractors, and RRSP
Deadlines: What to Clarify Before You File
By March, most people are actively preparing their tax return — and this is when specific questions start coming up.
We’ve been receiving similar messages from clients, especially around:
- When to expect a T4 (especially from a previous employer)
- The difference between being an employee vs. a contractor
- Whether RRSP contributions made early this year still count
If you’ve had these questions, you’re not alone. Below are practical explanations to help you navigate these common areas of confusion.
When Should You Receive Your T4?
In general, employers are required to issue T4 slips by the end of February.
This means:
- Your T4 may arrive by mail
- Or be available through your employer’s payroll portal
- Or appear in your CRA online account once processed
What if you no longer work there?
This is a very common concern.
Even if you left your employer during the year, they are still required to issue your T4. If you haven’t received it.
Practical tips: - Check your old payroll portal login
- Confirm they have your updated mailing address
- Check your CRA My Account (once slips are processed)
- Contact the employer directly if needed
It’s important not to file before confirming all employment income has been reported.
Employee vs Contractor: Why It Matters
Many clients are unsure whether they were considered an employee or self-employed contractor — especially if:
- They worked under contract
- They were paid without regular payroll deductions
- They received payment via e-transfer or invoice
Here’s a simplified difference:
Employee:
- Employer deducts tax, CPP, and EI at source
- You receive a T4
- Payroll is structured
Contractor / Self-Employed: - You invoice for services
- No tax is automatically deducted
- You are responsible for tracking income and expenses
- You typically receive a T4A
This distinction affects: - How income is reported
- Whether expenses can be claimed
- Whether installment obligations may apply
If you’re unsure which category applies to you, it’s important to clarify before filing.
RRSP Contributions: The Timing Confusion
This is one of the most common misunderstandings every year.
Many people assume that only contributions made by December 31 count for the previous tax year.
In reality:
RRSP contributions made between January 1 and March 2, 2026 may still be reported for the 2025 tax return.
Because these contributions happen in the new calendar year, they’re often forgotten.
Pro Tip:
If you contributed in January or February, check your RRSP receipt carefully. It will usually indicate whether it applies to the first 60 days of the year.
Even if you’re unsure how to report it, include the information so it can be reviewed properly.
Final Thought
Tax season confusion usually comes from timing and classification — not complexity.
- Before filing, it’s helpful to confirm:
- All T4s have been issued
Your employment status is clear - All RRSP contributions have been included
A few minutes of clarification now can prevent larger issues later.
