In brief, my takeaway from today’s (2019-02-20) CRA Webinar Presentation is that T4A slips must be issued in far more circumstances than are currently issued in my experience.
T4A must be issued.
- For all services based sub-contracting of $500 or more in total annual remuneration.
- Reported on a cash basis for the calendar year.
- For all sub-contracting provided by individuals or businesses.
- Including legal, accounting, consulting, virtual assistants, etc.
Excepting…
- Paid for personal expense
- Except paid to hobby and business
- Utilities - electricity, gas, water/sewer, telephone, internet
And
- Construction is reported on T5018
- Government sub-contracting on T1204
In summary, all services based sub-contractors to businesses must be issued a T4A with a few notable exceptions.