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WHAT IS BOX 40 ON MY T4?

April 26, 2017Box T4

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WHAT IS BOX 40 ON MY T4?

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Box 40 on your T4 is the amount of taxable benefits that you have received. Taxable benefits are those benefits that have been paid by UBC on your behalf. Examples of taxable benefits include Basic Group Life, some Tuition Waivers, and Housing Allowances. Taxable benefits are marked on your pay statements with an asterisk (*). If you total the asterisked items on your pay statements you should arrive at the total in Box 40. If your total is not the same as Box 40 please contact your payroll representative.