Processing T4-T4A’s – Canada
SPECIAL NOTE: T4 and T4A forms MUST be issued by the last day of February in the year after the calendar year to which they apply.
WinMORE produces the 1099/T4A report for all MC associates paid commissions by your Market Centre during the year.
Go to Year End – Associate 1099/T4A report. Print this report or print to file.
Confirm all Associate totals match with the Lonewolf T4A report below.
In Lonewolf RMS - 9.5.4 Prepare T4A's
Refer to the Help menu for further assistance on printing and submitting T4/T4A forms.
By choosing this option, the system will generate T4A amounts for your agents.
By default, the system will generate T4A's on their Gross Commission paid, and show the agents fees as a footnote.
You can also select to generate T4A's to show the net amount paid, based on fees deducted from the gross.
The system automatically uses the previous calendar year to generate the T4A figures. You can however select a different year if desired. Click on Calculate All to generate the figures.
There are three options here, you can choose to Retrieve only agent information only, Recalculate T4A figures only, or both. The first time you generate the figures you need to click on both to retrieve and calculate for all agents.
Once the T4A data is prepared, you can make any necessary adjustments by clicking on Edit.
Print Summary - This report will give a summary, and will report the total commission calculated for Box 107. It is always a good idea to print out a summary of T4A's for agents too. To compare an agent’s T4A figures, you can print the T4A Breakdown report (9.5.7).
The summary report displays all agents, Outside Brokers, and suppliers it has selected.
The report will also note any "INVALID" social insurance numbers. You can address these by editing the appropriate profiles, i.e. Agent/Staff Setup (I.1.1), you will however have to "Calculate All" T4A's again.
Print T4A Slips - You need to select which T4A's to “Include", then you are ready to print the forms. Before you do, it is a good idea to print a trial run for one agent first.
When using laser forms that come in bundles which are not collated, make sure that the "Collate Copies" checkbox is unselected. The system will prompt you to print Copy A, then B, and so on.
Submitting T4A's via Electronic Filing
When you go into 9.5.4, there is an Electronic Filing button in the bottom left hand corner of the screen. If you have 50 or more T4A's to file, CRA specifies that you must e-file.
Review the Help File on T4A Electronic Filing for Details.
Profit Share T4A
Are produced by KWRI. The “Year End - Profit Share Confirmation” window is not used at this time since it was used in the December transmittal to report the correct SIN and addresses to KWRI. If these corrections were not made prior to transmitting December data, please notify KWRI at MCASupport@kw.com immediately.
Market Centre Ownership Changes in the Prior Year
If your Market Centre changed ownership in the prior year, follow these instructions:
1. Run a “Print – DA List – Sub-total by Agent Name & SIN – by Closing Date and Street Name” – for the date range in which the first owner owned the Market Centre. Immediately print the same report for the 2nd owner for the appropriate date range.
2. Provide the first owner with a copy of their report so they can do T4A’s for the time period in which they owned the Market Centre. Keep a copy of this report in your T4A file for your records.
3. Complete T4A and T4 information for the 2nd owners and file.