Did you know… As an employer, you are required to give your employees or recipients their T4 slips and file their information returns with the CRA on or before the last day of February. If the due date falls on a Saturday, a Sunday, or a public holiday recognized by the CRA, your information returns are due on the next business day.
The CRA may assess a penalty if you file your information returns late. Each slip is an information return, and the penalties are based on the number of information returns that you filed late.
Do you have any questions about T4 filings? Contact us for advice! And it’s free!