What’s the Canadian equivalent of the W2?
In the US the W2 is the annual return slip used by employees to complete their personal income tax returns to the IRS. In Canada employees receive a T4. This slip includes all income from employment as well as severances.
When is the deadline for annual tax filing for companies?
In the US, the deadline is January 31 each year to provide both employees and the government the required remuneration summaries
In Canada, federally as well as for Quebec, the deadline is February 28 each year to provide both employees and the respective governments the annual remuneration summaries
Be careful – while the federal government will consider a return filed on time as long as it is post-marked on February 28, the Quebec government wants the filing and any remittances in their hands by the 28th