As a result of the Institute’s continuous advocacy efforts, we are pleased to announce that the CRA has confirmed it will grant relief for late filing information returns electronically.
On February 19, 2025, the CRA announced a one-week penalty relief of the February 28, 2025, deadline for filing information returns electronically. Further to the tax tip the CRA issued in November on changes to the electronic filing of information returns, additional information has been provided to help filers navigate the changes.
Given some filers' ongoing challenges, the CRA will grant relief concerning late-filing penalties for information returns filed on or before March 7, 2025. Electronic filers submitting their returns after March 7, 2025, will be considered eight days late and may be penalized.
Note: The Canada Revenue Agency (the CRA) will not grant relief regarding late-filing penalties for paper filing. The deadline remains February 28th.
Common Filing of Information Returns Issues
The CRA has identified several common reasons for rejected filings:
- Missing mandatory XML tags in electronic submissions.
- Invalid account numbers, leading to submission rejections.
- Incorrect Transmitter Account Number on the T619 Electronic Transmittal Record.
- Errors in T4 Box 45 and T4A Box 015 (dental benefits).
- Failure to use the "Calculate" button on the summary page in MyBA and RAC for T4 submissions.
Filers should review their submissions carefully to avoid errors and ensure timely acceptance.