Watch your inbox, your mail box and your online accounts for end of year reporting statements from investments and all your T Slips.
There’s no penalty from CRA the first time you miss a slip on your tax return. If, however, you miss reporting two slips over a certain period CRA can assess a hefty fine. Be sure to open your mail during this time to not miss any slips; they could cost you down the road!
The schedule of delivery is as follows:
T4/T4A/T4RSP/T4A(OAS)/T4A(P) are all issued by March 1, 2021.
T5’s are issued by March 1, 2021.
T3’s are issued by March 31, 2021.
T5013’s are issued by March 31, 2021.
If you have any further questions, please contact RHN to speak with one of our professionals today.