T4, T4A & T5 Filing Deadline
Important Deadline: February 28
Staying compliant with annual slip‑filing requirements is essential for avoiding penalties and keeping your corporation in good standing with the Canada Revenue Agency (CRA). This page provides a clear overview of what you need to know as the February 28 deadline approaches.
Who Must File T4, T4A, and T5 Slips?
Corporations must file these slips if they made any of the following calendar‑year payments:
- T4 (Employment Income): salaries, wages, bonuses, commissions, taxable benefits, or other employment income.
- T4A (Contract & Miscellaneous Payments): contractor payments, service fees, scholarships, grants, or other similar payments.
- T5 (Investment Income): multiple categorize, but mainly dividends in this context.
FAQs
● I won’t be able to finalize my financial information by the deadline. What should I do?
At LEPROC Accounting, we understand that year‑end can be busy. The good news is that T4, T4A, and T5 slips are based on payments made during the calendar year, not on finalized financial statements.
If you know who was paid (employees, contractors, shareholders) and the amounts, we can still prepare your slips on time.
● I already filed my T2 through LEPROC Accounting. Do I need to do anything else?
It depends.
In most cases, no action is required from you because LEPROC Accounting already has the financial information needed to prepare and file your T5 slips accurately and on time.
The only situation where we need additional details is when your fiscal year ends before December 31. In that case, we simply require a summary of any payments made between your fiscal year‑end and December 31, since those amounts fall into the T5 reporting period.
Once we have that short list, we take care of the rest.
● My business didn’t pay any of the above amounts last year. Am I affected?
No.
If your corporation did not pay salary, dividends, contractor fees, interest, taxable benefits, or any other reportable amounts during the calendar year, then you are not required to file T4, T4A, or T5 slips.
● My business fiscal year ends before December 31. What should I do?
Your fiscal year‑end does not affect T4, T4A, or T5 deadlines.
These slips are always based on the calendar year (January 1–December 31).
If you made any payments during that period that fall under these categories, you must file by February 28, regardless of your corporate year‑end.
● I report my taxes through another accountant. Can I still file my T5 with LEPROC Accounting?
Absolutely.
Slip filing (T4, T4A, T5, etc.) is independent from your T2 corporate tax return.
Many clients choose LEPROC Accounting for efficiency, you might as well!
We can prepare and file your slips even if another accountant handles your year‑end or tax return. Or you may like to continue with us.
Why This Matters
Filing your slips on time helps you avoid CRA late‑filing penalties, which increase based on how many slips are missing and how long the delay lasts. Timely filing also keeps your corporation compliant, ensures accurate payroll and shareholder records, and supports a smooth year‑end accounting and tax process.
Share the Knowledge
Many business owners are unaware that these deadlines differ from the T2 filing deadline.
If you know entrepreneurs, consultants, or corporate directors who could benefit from this reminder, please share this page with your network. A simple forward can help someone avoid costly penalties.
Let’s Make 2026 a Penalty‑Free Year
Staying ahead of deadlines is one of the easiest ways to protect your corporation.
Thank you for taking the time to stay informed and compliant.