A recent survey conducted by Environics for ADP Canada found that a significant number of Canadian’s don’t check T4 statements from their employer.

The survey found that 25% of survey respondents don’t read their T4 and 20% only check total employment income, ignoring all the other boxes on the statement.

“Not checking your T4 is like not reading the fine print on a contract – it may not make a difference every time, but it could lead to big problems down the road”, says Angela Haier of ADP Canada.

“ A small mistake on your T4 can impact your ability to pay taxes on time, pay the correct amount of taxes or, even worse, cause a delay in receiving your tax refund,” she adds.

The survey further indicated that Canadian’s don’t know what to do about missing T4s, with about one-third saying they would either call CRA or do nothing. In fact, the first call should be to the employer, Haier adds. ADP is a firm engaged in processing T4s and reports more that three million processed this year.