Reducing the reporting burden for employers

Employers have many obligations. At the Canada Revenue Agency, we know how much time and effort it takes to stay on top of it all. That’s why we continually work to improve our services to make it easier for businesses to meet their reporting obligations.

Starting in 2018, with the following two changes, we will ease the burden for employers who have to report taxable benefits:

• Employers who pay group term life insurance premiums for retirees will only have to report a paid premium if it is greater than $50 and it is the only income reported on a T4A slip. Previously, all amounts, regardless of how small, had to be reported.
• The threshold for reporting employee benefits that result from employer-sponsored social events will be $150 per person, instead of $100. All other aspects of the related policy will stay the same.

These changes will reduce the reporting obligations for many employers and are part of our commitment to improve services for businesses, as stated in our Serving You Better report.

We are also helping businesses stay up-to-date with their payroll obligations. Learn more from the video Improving services for businesses.

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