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T4A minimum amount

What is the requirement of the minimum amount per anum for issuing T4A slip? Is it 500.00?

If it’s an employee you need to issue T4.

But if it a service provider with more than $500 fee in a year yes you need to issue T4A (Self-employed) . In construction business you to issue T5018 instead of T4A (if more than $500).

Thank you so much

From Income Tax Folio, S1-F2-C3: Scholarships, Research Grants and Other Education Assistance.

Amounts reported on a T4A or T4E Slip

3.106 Under subsection 200(2) of the Regulations, every payer of a research grant, scholarship, fellowship, bursary or prize (other than a prescribed prize) **must report the amount on a T4A Slip**, Statement of Pension, Retirement, Annuity and Other Income. Every payer of an amount that is required by paragraph 56(1)( r) to be included in computing a taxpayer’s income must report the amount on either a T4A Slip or a T4E Slip, Statement of Employment Insurance and Other Benefits, as appropriate.