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TRANSFORMATION TWENTY ONE TOTAL TECHNOLOGY NEXT GENERATION (T4NG) PERFORMANCE WORK STATEMENT (PCs) DEPARTMENT OF VETERANS AFFAIRS Office of Information & Technology (OIT) Development Operations (DevOps)
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Next Generation T4NG is a revised tax form utilized in Canada for reporting payments made to employees and other amounts eligible for income tax deductions.
Employers who pay salaries, wages, or other remuneration to employees or individuals must file the Next Generation T4NG form.
To fill out the Next Generation T4NG form, employers must provide accurate information regarding each employee's earnings, deductions, and additional taxable benefits as required in each section of the form.
The purpose of the Next Generation T4NG form is to streamline the process of reporting income and deductions for employees and ensure compliance with Canadian tax regulations.
Information that must be reported includes the employee's name, address, Social Insurance Number (SIN), total earnings, deductions, and any additional benefits provided during the tax year.
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