Canada Tax Agency Issues Updated Guidance on T4 Filing (Corrected)

The Canadian Revenue Agency Nov. 25 issued an updated guidance on T4 filing and procedure for employers. The updated guidance includes: 1) major income tax changes and improvements to the agency’s service improvements; 2) the Feb. 28, 2023, deadline for most 2022 T4 filing; 3) T4 requirements for employers; 4) the manner of determining the due date for T4 filing and penalties, in the case of late filing or failure to file; 5) the methods available for T4 filing; 6) general filing guidelines; 7) detailed information and steps on how to fill out the T4 form for different taxpayers, including ...