Ontario Mortgage Agent Practice Exam 2025 - Free Mortgage Agent Practice Questions and Study Guide

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What does Box 61 on a T4A slip normally show?

A) Payer's Social Security Number

B) Payer's Business Number

Box 61 on a T4A slip normally shows the payer's business number. The other options are incorrect because A) A social security number is used for personal identification, while a T4A slip is used for reporting business income or expenses. B) A bank account number is used for financial transactions, not for tax reporting. C) A driver's license number is used for identification for the purpose of driving, not for tax reporting.

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C) Payer's Bank Account Number

D) Payer's Driver's License Number

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