THOUSANDS OF CANADIAN SENIORS SCRAMBLE to FILE TAXES FOLLOWING FEDERAL ERROR.

author-image
New Update
THOUSANDS OF CANADIAN SENIORS SCRAMBLE to FILE TAXES FOLLOWING FEDERAL ERROR.

By Chandrayee Roy Cjoudhury, Canada -

It has been a taxing time for tens of thousands of Canadian seniors who haven’t been able to file their 2021 tax returns yet.





A number of seniors scrambling to meet the May 2, 2022 deadline, due to their federal slips not yet arriving.

Employers and other payers have a deadline of Feb. 28 to provide an information slip, usually a T4 Statement of Remuneration Paid, which informs the recipient and the Canada Revenue Agency (CRA) exactly how much was earned in the previous year.

The federal government went on to describe what happened.



“In August 2021, Service Canada issued the One-Time Payment of $500 for Older Seniors (OTP) to 3.4 million seniors who will be 75 by June 2022. Service Canada is obligated to issue a T4A tax slip to recipients.



“However, due to an administrative error, a limited number (67,797) of OTP recipients received an incorrect tax slip in which the payment amount of $500 was entered into the document twice.”



The statement also said Service Canada acted immediately to correct the error and prevent further incorrect tax slips from being sent. It then sent amended tax slips in time for the tax filing season.