I’m sure several users have clients that have a legal name as well as a business name or style. For instance;
Mickey M. Mouse o/a
123456 Canada Inc o/a
Worlds Finest Snowplows
Profile had room for both names on the T4 slip (but did not include the employer’s address), whereas Taxcycle allocates 1 line for the employer’s name but also includes the employer’s address on the actual T4 slip. Sometimes I can get both names on the 1 line and other times the name would be too long to fit on the T4.
I have netfiled some T4 slips using Taxcycle over the last few days with only the Legal Name (ie 123456 Canada Inc) as the employer and also netfiled them with only the trade name (World’s Finest Snowplows) and no legal name. I do prefer using the trade name as this is the name most of the employee’s identify with.
Just wondering what others are doing. Using the legal name or the trade name of the business in cases where an employer has both.