On December 30, 2024, the Canada Revenue Agency (the CRA) released an updated version of the RC4157 Deducting Income Tax on Pension and Other Income, and Filing the T4A Slip and Summary. This guide serves as a comprehensive resource for payers, such as an employer, providing detailed instructions on accurately completing and filing T4A slips for their recipient.
Payers such as employers are encouraged to review the guide thoroughly to stay informed of any changes that may impact their T4A reporting process. The updated guide is available on the CRA website for easy access.