Terminology

Below is a list of Canadian terms and their U. S. equivalent terms for reference when completing T4 processing.

Canadian Term

U.S. Equivalent Term

Business Number

Employer Tax ID Number

Payer Tax ID Number

There is not an equivalent to this in the US. In Canada, this will be the Business Number plus a suffix to indicate that this is payroll information.

Canadian Revenue Agency (CRA)

Internal Revenue Service (IRS)

Canadian Pension Plan (CPP)

U.S. Social Security

Employment Insurance (EI)

U.S. Federal Unemployment Insurance

Insurable Earnings Subject to EI

Subject to FUTA wages

Registered Pension Plan (RPP)

U.S. Pension Plans and 401k Plans

Social Insurance Number

(formatted as XXX XXX XXX)

Social Security Number

T4 Slip

W-2 Form

T4 Summary

W-3 Form

Pensionable and Insurance Review (PIER)

There is not an equivalent to this in the US. Direct the client to use the T4 slip Listing to get the information needed to support this.