Penalty for late-filed information returns

The late-filing penalty for certain information returns (slips) is the greater of $100 or a penalty determined as follows:

 

Late-filing penalties
Number of information
returns (slips)
Penalty (per day)Maximum penalty
(100 days)
1 - 5 N/A $100 flat penalty
6 - 10 $5 $500
11 - 50 $10 $1,000
51 - 500 $15 $1,500
501 - 2,500 $25 $2,500
2,501 - 10,000 $50 $5,000
10,001 or more $75 $7,500

 

The following information returns (slips) are subject to the above penalty structure:

NR4, Statement of Amounts Paid or Credit to Non-Residents of Canada

T4, Statement of Remuneration Paid

T4A, Statement of Pension, Retirement, Annuity, and Other Income

T5, Statement of Investment Income

T5018, Statement of Contract Payments

Need help to file your T4 slips? Do it right. Leave it to professional.

Additional information