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. |