IBEX

IBEX Provides Value for your time.

It comes as no surprise to you this time of year: T4s are your biggest headache right now.

You know the drill. Gather up all the pay and source deductions information from the past year, total it up and enter it on lines 14,16, 18, 22 and 24 of each employee's T4. Once you've completed that task, total it all up and enter the information on lines 88, 14, 16, 27, 18, 19, 20, 52 and 80 on your T4 Summary form. Make sure you check your work and do a Pensionable and Insurable Earnings Review (PIER) before you send in the information. You do this to make sure you've deducted enough Employment Insurance and CPP from all your employees to avoid not only the penalties but paying the underpayment out of your own pocket until you collect it from the employee, if that's even possible. Finally, make sure you submit it by Feb. 29, 2008 so you don't have to pay $25 per day for each T4 that isn't submitted on time (the minimum charge is $100 even if you only have one employee).

And if you have any questions, consult the 23-page Employer's Guide to Filing the T4 Slip and Summary.

Or you can let the professionals at IBEX do the work for $1.50 for each T4 plus the run charge. Wow, that was easy.

Because your time is valuable and IBEX provides value for your time.

Find out the value of outsourcing your payroll by contacting our Head of Pasture Development, Terry Harrison.

For more information about the IBEX Philosophy, visit our About Us page.