Every year employers in Canada are required to withhold, report and remit the statutory deductions taken from their employees' pay. These deductions should be reported to the federal government by the last day of February of the following year. The employers must report the amount paid to the employee and the statutory deductions withheld, from the employee on slip known as a federal T4 or T4A slip.
In addition to federal government withholding, and remittance requirements by the Quebec employers, the Quebec employers must also report and remit Quebec Statutory deductions withheld during the year to Ministere du Revenu du Quebec by the last day of February of the following year. These amounts with held by the Quebec employers are reported on the Quebec Releve 1 (RL-1).
The main difference between T4 and RL-1 is that T4s are used to report federal statutory deductions collected and remitted by the employers in Quebec and rest of the Canada, where RL-1 is used to report Quebec provincial taxes and statutory deductions withheld only for the Minsitere du Revenu du Quebec.
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The old Total T4 test (TT4) is no longer considered the best way to test for T4 levels. T4 and T3 can both be bound by other proteins and hormones in the body. When this happens, the T4 or T3 is not usable by the body. The body can only use T4 and T3 that is not bound, or free. For this reason, Free T4, which only tests the free levels of the hormone, is now preferred over Total T4 testing as more accurate.
T4's "full name" is "Enterobacteria phage T4"!
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Most of the generated T4 is converted to T3 in the liver.
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Free T4 is free (unbound) thyroxine.