Cdn. Yield: Corps, Trusts, GICs, Pref. Shares - T4A and T5 slips - Cdn. Yield: Corps, Trusts, GICs, Pref. Shares - InvestorVillage

Cdn. Yield: Corps, Trusts, GICs, Pref. Shares
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Msg  113443 of 113568  at  11/29/2023 3:36:13 PM  by


T4A and T5 slips

Tax Tip - Individuals can now receive T4A and T5 slips more conveniently and efficiently
Canada Revenue Agency
29 Nov, 2023, 11:00 ET
OTTAWA, ON, Nov. 29, 2023 /CNW/ - Recipients of T4A and T5 tax information slips no longer have to provide permission to receive them through a secure portal.
A T4A slip identifies amounts paid during the calendar year for certain types of income from many different sources, including self employed commissions and RESP educational assistance payments. T5 slips are used to report the various types of investment income that residents of Canada have to report on their income tax and benefit returns.
You can still choose to receive slips by paper
Previously, issuers were required to request written or electronic permission in order to provide these slips electronically, but do not need to now, under certain conditions. However, you can still request paper slips.
If an individual does not have access to a secure portal from which they can print the slips in a secure manner or if an individual requests a paper copy, the issuer will need to provide two copies of the slips, in paper format, to the individual in person or by mail.
Where individuals can access T4A and T5 slips online
Issuers of these slips can now send them electronically to individuals over a secure portal from which the individual can print the slips in a secure manner. Written consent from the individual is still required for an issuer to distribute these slips using email in the following circumstances:
The employee or recipient requested that the slips be provided in a paper copy
The employee or recipient cannot reasonably be expected to have access to the slips in electronic format at the time the slips are issued
If the T4 slips are distributed to an employee who is on extended leave or is a former employee at the time that the T4 slips are issued
A Note on My Account for Individuals
Individuals may also be able to get their T4A and T5 tax slips for the current and past years from the CRA if the issuer has sent them to us. Individuals can sign in to the CRA's My Account for Individuals, a secure portal, to view personal income tax and benefit information and manage tax affairs online. To find the tax slips, an individual will scroll down to find the tax information slips link and then select the relevant year and type of slip to view the details. My Account will display the slips the CRA has received and processed.
My Account can be accessed in the following ways:
Using one of our Sign-In Partners
Using a CRA user ID and password
Using a British Columbia Services Card
Authorised Representatives (including friends and family members) can access My Account on behalf of someone else using Represent A Client

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Msg # Subject Author Recs Date Posted
113444 Re: T4A and T5 slips marpincan 1 11/29/2023 6:24:18 PM

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