CRA update on filing information returns

Tax Topics
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Good morning community,

The CRA published an update today (link HERE).

They provided additional guidance on the filing of T3’s, T4’s, T5’s, specifically some of the reasons files are rejected .

A bit more information on T3 information returns, the CRA announced that it will grant relief in respect of late-filing penalties and arrears interest until May 1, 2025, for impacted T3 Trust filers to provide additional time for taxpayers reporting capital dispositions to meet their tax filing obligations. This relief applies to both the filing of T3 information returns (slips) and the T3 income tax return.

Thanks
Aaron

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Thanks for the links @aaron.doucet.cpa

They provided a bunch of information mixed with some other word salad, but of course no information on why their system now glitches (ie: “invalid formatting detected in one or more fields”) when a T4 summary is submitted with an entry in box 74 but no entry in box 75. :grinning:

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Revenu Quebec posted an update for the RL-16 Here