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T4 vs ROE- what is the difference?
The different government forms you need to file can leave your head spinning! This article breaks down the difference between an ROE and a T4.
Record of Employment (ROE)
You file this form when you leave a job for good, or for a period of time. This form is very important because it is the document that determines whether or not you are eligible for Employment Insurance (EI) benefits.
The ROE documents the amount of hours you worked in the last 52 weeks prior to applying for EI. You must have worked at least 420 hours to be eligible for EI regular benefits.
Your employer is responsible to issue your ROE within 5 days of your last day.
T4
You file this form every year that you work, even if you worked only a couple of days during the year.
Any employers that you had throughout the year should provide your T4 by February of the following year. For example, you should be receiving your 2019 T4 by February 2020.
Your annual T4 provides information that determines if you paid enough EI, CPP, and taxes according to how much money you made that year.
This form is used to file your taxes every year, but don’t worry, if you don’t have it, your pay stubs can be used to calculate your annual income.
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