Canada Updates Specifications for Electronic Filing of Certain Information Returns

The Canada Revenue Agency recently published their TY 2019 (calendar year 2020) specifications for reporting information returns electronically. These specifications are used to transmit information returns like the T5 and T5008 slips to the CRA electronically.

There were a number of changes to these specifications from TY 2018, a selection of which are listed below:

CRA NR4 Specs:

  • No Changes for TY 2019.

CRA T4A Specs:

  • Code 136 was renamed “Canadian Benefit for Parents of Young Victims of Crime (PYVC).

CRA T4A-NR Specs:

  • No changes for TY 2019.

CRA T5 Specs:

  • The Recipient Account Number field was updated, allowing up to 15 alphanumeric fields to accommodate changes to Box 22 input for certain entity types.
    • This reflects the change for certain entities (sole proprietorship, partnerships, corporations) who are required to report their Business Number in combination with other information.

CRA T5008 Specs:

  • The Recipient Account Number field was updated in order to accommodate changes to the Box 12 input for the T5008.
    • The field now accommodates 9-15 digits for Box 12 input, reflecting the change for certain entities who are required to report their Business Number in combination with other information.
  • A number of fields which previously reported dollar amounts only were changed to allow reporting of dollar and cent amounts. As a result, these field character limits were increased by two (2) digits.

To review these specifications in full, please visit the CRA Electronic Filing page by clicking here.

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Author

Paul Ogawa

Paul Ogawa is a Junior Regulatory Counsel at Sovos Compliance. As part of the Regulatory Analysis team, his main areas of focus are state and federal tax withholding, the Affordable Care Act (ACA), and Canadian tax information reporting. Prior to Sovos, Paul worked as a litigation attorney in Boston area law firms, representing clients in insurance subrogation claims, family law matters, and employment disputes. Paul is a member of the Massachusetts Bar, earned his B.A. from Brandeis University and his J.D. from the Suffolk University Law School.
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