Posted on Apr 13, 2021

Stylistic Accounting & Tax Practice Inc.

T4A Slips are mandatory to be filled before February 28, similar to the T4 regulations. Starting from 2021, CRA announced that T4A reporting of service payments, Box 48, is mandatory and penalties will be charged to those employers who are showing failure to file T4A slips. The amount of penalties increases depending on the number of unfiled or late filed slips and additional penalties apply for failure to file the T4A slips electronically if you have more than 50 slips to file.
CRA ISSUES CLARIFICATION ON T4A REPORTING REQUIREMENTS .
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/penalties-interest-other-consequences.html
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