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Moving Expenses is one of such expenditure which helps the taxpayers to reduce their ‘Total Income’ in their T1 Income Tax Return, that leads to lowering their ultimate income tax payment. However, to be eligible for the deduction of this expenditure it is very important that the taxpayer must comply the following conditions.
T4 is the statement of remuneration payment made by an employer to employee during the calendar year. Whereas T4A covers lot of other payments made a payer to a payee. T4A slips are issued by Payers of certain payments. The list of payments covered under T4A is very broad. Examples of few are as follows.
T1 Form popularly known as Income Tax and Benefit Return for filing an Income Tax Return for the individuals who are resident of Canada. T1 is the primary Income Tax Return document which is used for filing personal income tax with the Canada Revenue Agency (CRA) in Canada.
