Get ready: By January 2025 there will be changes to the electronic filing of information returns
What is changing starting January 2025:
T619 electronic transmittal
Submitting one information return type per file
Early system shutdown notification, 2024
Businesses: Beginning January 1, 2024, if you file six or more information returns you must file them electronically to avoid penalties
Recent legislation has amended mandatory electronic filing thresholds. Beginning January 1, 2024, businesses filing six or more information returns (slips and summaries) must file electronically. This removes the clause that allowed a filer with 50 or fewer information returns to file by paper. Businesses filing five or fewer information returns can still choose to file by paper.
Examples of information returns include the T4 payroll return (renumeration paid), T5 (investment income), T3 (trust income) and T4A (pension and other income return).