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Canada Tax Agency Posts Updated Guide on Investment Income Filing Rules

Oct. 14, 2021, 5:00 AM

The Canadian Revenue Agency Oct. 8 updated the return of investment income guide. The guide includes measures to: 1) decrease the threshold for the mandatory electronic filing of income tax information returns for a calendar year to five information returns instead of 50; and 2) allow the electronic filing of T5 (statement of investment income) information returns starting Jan. 10, 2022. The measures were announced as a part of the 2021 budget. [Canada, Canada Revenue Agency, 10/08/21]

Reference:
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