T4, T4A, and T5 Slips
The three most common income slips Canadians receive each February for filing taxes.
T4 is the employment income slip: gross salary, CPP and EI deductions, income tax withheld, and pension adjustments. T4A covers other income: pensions, RRSP withdrawals, scholarships, self-employed commissions, and CRB-style government payments. T5 reports investment income from non-registered accounts: interest from a savings account or GIC, eligible and ineligible dividends from Canadian corporations, and foreign income (though brokers often issue a T3 for trust distributions and a T5008 for trades). Slips are due to you by the end of February. Registered accounts (TFSA, RRSP, FHSA) do not generate annual slips because the income is sheltered.
A 60-second lesson that puts this term in context, alongside the others, lives inside the Finlo app.