How to Handle Union Dues on T4s for Canadian Unions | Union.dev - Union.dev Insights & Updates
02Feb

How to Handle Union Dues on T4s for Canadian Unions

02 Feb, 2023 | Return|

How to Handle Union Dues on T4s for Canadian Unions

If you pay union dues in Canada, the Canada Revenue Agency (CRA) allows you to deduct certain union fees on your tax return.

If your members pay their own union dues and the employer withholds the dues from their pay, that information should be detailed on their pay stubs. At the end of the year, they should note the amount of dues they paid in box 44 of their T4 slips.

This seems fairly straightforward, but it can get confusing or overwhelming when employers are not remitting the proper information to the union, or your union does not have a proper method of tracking the amount of dues on behalf of each member for their T4. 

Whether your signatory companies are remitting your members dues on their behalf, or the members are paying dues themselves, they are entitled to a taxable benefit at the end of the year if properly submitted.

The best way to ensure members get every hard earned dollar back in tax season is to make sure you track their union dues effectively. Getting a modern member management system like Union OS is crucial not only to tracking and collecting dues. but in generating T4s for those members every year. Union OS not only lets members pay dues online and tracks employer remittances, but it also lets you instantly generate T4s for your members at the end of the year!

If you are a union member looking to get your dues recorded on your tax return, reach out to your local union representative and ask them how Union OS and Union.dev can help!

 

Related

Elevating Union Operations: A Comprehensive Guide to Union Management Software

Elevating Union Operations: A Comprehensive Guide to Union Management Software

Unlock the full potential of labor unions with our comprehensive guide to union management software....

Read More >
Retirement Scenario Calculators: How They Improve Member Decisions

Retirement Scenario Calculators: How They Improve Member Decisions

Help members retire smarter. See how Pension OS retirement calculators support better decisions and ...

Read More >
Explore the Benefits of Using a Self Service Pension Portal (Defined Benefit)

Explore the Benefits of Using a Self Service Pension Portal (Defined Benefit)

Discover the features of our defined benefit pension administration member self service portal to ma...

Read More >
How to Manage Grievance Workflows: A Step-by-Step Guide for Unions

How to Manage Grievance Workflows: A Step-by-Step Guide for Unions

Grievances are the heartbeat of union advocacy. They’re where collective agreements get tested, wor...

Read More >
How to Choose the Best Union Membership Management Software

How to Choose the Best Union Membership Management Software

Choosing the right union software involves finding the best membership management software for your ...

Read More >
Navigating ADA Compliance for Union Websites: Ensuring Inclusivity in the Digital Space

Navigating ADA Compliance for Union Websites: Ensuring Inclusivity in the Digital Space

Taking an inside look at why ADA Compliance is important for unions and their websites now and how y...

Read More >

union software and benefits administration by union.dev