what does box 14 include on t4
Certain Canadian Forces personnel and police can claim a deduction from taxable income for the amount of employment income earnings (including taxable allowance). See the explanation under Code 43. A retiring allowance can be reported on the same T4 slip as employment income, but do not include it in box 14.nter in box 14 the total employment income before deductions. Include the following: 1  salary and wages (including pay in lieu of termination notice); 2  bonuses; 3  vacation pay;