T4 Tax Reporting

posting date Revised: February 1, 2022 print page Print this page Email link to page Email the link

OPTrust is responsible for providing the member with a T4A by mid-February for buyback payments made in the previous year for the following situations:

CORPAY employers:
  • OPTrust reports all payroll, monthly, quarterly and lump sum buyback payments.
Non-CORPAY employers:
  • OPTrust only reports monthly, quarterly and lump sum buyback payments (i.e. payments made directly to the OPTrust by the member).

Non-CORPAY employers must report any buyback payments made through payroll deduction on the individual’s annual T4.

For both CORPAY and non-CORPAY employers, OPTrust will also issue T4As to members for LOA and temporary part-time work arrangement purchases that require a PA.