Good afternoon,
Wonder if someone from Sage can comment on if the T4s for 2023 have been modified to include the information below I have received from our benefit provider today?
New reporting requirements for employers
As part of the new CDCP, you, as the employer, now have a new tax reporting obligation. The government requires you to:
- Report on a tax slip whether an employee, former employee or spouse of a deceased employee was eligible, on Dec. 31 of the reporting tax year, to access dental insurance or dental coverage of any kind due to current or former employment.
You must report this information beginning with the 2023 tax-reporting cycle and continue to report it every year.
Thanks!
