RL-1 Slip – Employees With a Salary Deferral Arrangement
If an employee has entered into a salary deferral arrangement with you and, under the arrangement, you defer the payment of a portion of the salary or wages earned by the employee in the year to another year, see the instructions below for the information to be entered on the employee's RL-1 slip (see courtesy translation RL-1-T).
|Box||Information to be entered on the RL-1 slip|
If you are filing an RL-1 slip for the year in which the salary or wages are earned, include in box A the portion of the salary or wages earned during the year that will be paid in another year under a salary deferral arrangement.
If you are filing an RL-1 slip for the year in which the deferred salary or wages are being paid under a salary deferral arrangement, do not include in box A the portion of the salary or wages earned in a previous year that you paid to the employee during the year.
Unless the funds are held by a trust, you must also include in box A the interest accrued for the employee's benefit during the year.
Other boxes and additional information
Where applicable, enter in the other boxes of the RL-1 slip the amounts calculated according to the instructions given under How to Complete the RL-1 Slip (Box by Box Instructions). Also enter any additional information.
An employee entered into a salary deferral arrangement with you to defer the payment of $3,000 (a portion of the salary the employee earned in 2022) to 2024. The interest accrued for the employee's benefit on this amount is $100 in 2022 and $150 in 2023. In 2024, you pay your employee $3,250 ($3,000 + $100 + $150).
For 2022, you must include $3,100 in box A. This amount corresponds to the total of the following amounts:
- $3,000, which is the portion of the salary earned during the year that will be paid in 2024;
- $100, which is the interest accrued during the year.
For 2023, you must include $150 (the interest accrued during the year) in box A.
For 2024, no amount is to be included in box A.
|Box A||$3,100||$150||N/ANot applicable|