Steps to follow for Year end

1. Review government documentation for the current Year end (YE) requirements
> *changes to tax filing slips
*new rules regarding what goes where
*new items to declare

Balance YE totals to the Net Summary report using Year end reports
Import YE adjustments as necessary
Balance new YE totals to Net Summary report plus adjustments
Spot check a few employees with adjustments and special tax reporting requirements to make sure everything is showing correctly on the YE slips
Produce and Distribute the slips to the employees before Feb 28th
Produce the XML file and
transmit to the appropriate government sites.
The T4 XML file includes the T4 summary figures.
Fill out the RL1 summary and send to Revenue Quebec.
Balance the paid remittances to the amounts owed on the summaries
Remit the difference to the government agencies
Prepare and submit other year end reports (WCB, WSIB, CNESST, CARRA, WSDRF, etc)