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Web www. WorkSafeBC. com Mailing Address Fax Call Centre PO Box 4700 Stn Terminal Vancouver BC V6B 1J1 604 233-9777 1 888 922-8807 604 231-8888 1 888 967-5377 WHAT YOU NEED TO KNOW ABOUT THE T5007 INCOME TAX FORM The T5007 is a statement issued by WorkSafeBC that reports total compensation benefits paid to you or on your behalf during a calendar year. Thus these benefits must be included as part of net income. What do I do with the T5007 when I r.

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The T5007 statement of benefits, or “T5” for short, is a tax slip that the Ministry of Community and Social Services issues to people who have received social assistance. You will receive a T5 in the mail by the end of February if you received social assistance during the previous year.

001149: Thyroxine (T4) | Labcorp.

The amount in box 10 on your T5007 statement is the total amount of all WSIB benefits paid in all claims in a tax year. Your T5007 statement includes benefits paid in all your claims, even though the statement only shows one claim number. The amount in box 77 on your T4 slip is the amount we've repaid your employer.

Use T5007 slips to identify recipients of workers' compensation benefits and social assistance payments, and to report the amount of benefits and assistance paid to them. There are three individual T5007 slips on each page. These can be downloaded and printed and the information can be typed or filled out by hand.

A T4 slip, or Statement of Remuneration Paid, is a document that summarizes all of the money paid by an employer to an employee during a calendar year. Most employers send your T4 electronically by February. Using Auto-fill my return you can directly import tax slips from the CRA to TurboTax.

Box 77 - Workers' compensation benefits repaid to the employer. Enter this amount on line 22900 of your tax return.

Canada Revenue Agency requires that the Province of British Columbia provide a T5007 tax slip to all persons who received more than $500 from BC Employment and Assistance during the tax year. Childcare providers do not receive a T5007. The amount on the T5007 should be included on your income tax return.

Steps to access your T5 through online banking Under the 'My Accounts' list in the left hand column, click 'View e-Documents' Under the 'Documents' listing, locate your T5 and click the related link. Reference the warning and click the 'Continue' button. ... View, print or save your T5 as required.

However, when you're comparing the T1 and the T4 forms, things are fairly straightforward. The T1 is a form filled out by employees and business owners, then submitted to the CRA. The T4 form, on the other hand, is filled out by employers and distributed to employees.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232