Employers and Pension Plan Administrators: Changes Coming to T4/T4A Reporting

The Government of Canada is committed to improving access to dental care services to help people get the dental care they need and make life more affordable to Canadians. The Canadian Dental Care Plan will provide dental coverage for uninsured Canadians with an adjusted family net income of less than $90,000.

New reporting requirements

Beginning with the 2023 tax year, issuers (including employers and pension plan administrators) of the T4 Statement of Remuneration Paid and T4A Statement of Pension, Retirement, Annuity, and Other Income must report on a T4 or T4A slip whether, on December 31st of the taxation year to which the information return relates, a payee or any of their family members were eligible to access dental insurance, or dental coverage of any kind, including health spending and wellness accounts, due to their current or former employment.

This reporting requirement is mandatory beginning with the 2023 tax year, and will continue to be required on an annual basis. Failing to report this information may result in financial penalties.  For further details click here.

Source: Government of Canada


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