What’s the difference between a T4 and T5?
How are T3, T4, T4A, and T5 slips used for tax reporting purposes? T3 slips are issued for income from trusts, while T4 slips are for employment income. T4A slips report pension, retirement, annuity, and other types of income, and T5 slips cover investment income. Slips are prepared by your employer, payer, administrator or financial institution. You should receive most of your slips (including your T4, T4A, and T5 slips) and receipts by the end of February. However, T3, and T5013 slips do not have to be sent before the end of March.