To assist with the accurate and timely preparation of your 2025 T4 information returns, we are pleased to provide you with a summary of significant taxable benefits that may apply to your employees.
Please be reminded that if you are submitting more than five information returns (T4 slips), the Canada Revenue Agency (CRA) requires electronic filing. Failure to file electronically when required will result in a minimum penalty of $125 assessed by the CRA. The filing deadline for the 2025 T4 information return is March 2, 2026.
If your T4 information return is being prepared by Lipton LLP, it will be electronically filed whenever possible.
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Should you have any questions regarding the preparation of your 2025 T4 information returns and slips, please do not hesitate to contact your Lipton LLP advisor.