In order to facilitate the accurate preparation of your 2017 T4 information returns, we are pleased to enclose a summary of significant taxable benefits that may apply to your employees.
It should be noted that, as mentioned last year, if you are submitting more than 50 information returns (slips) you are required to file electronically. If you fail to comply with this requirement, you may be subject to an incorrect filing format penalty. We can assist you in ensuring your compliance with these new rules.
If your T4 information return is being prepared by Lipton LLP, we will be electronically filing all 2017 T4 information returns whenever possible.
If you have any questions concerning the preparation of 2016 T4 information returns and slips, please contact our office.