Better double-check your tax return if you've been using the CRA's Auto-fill

The CRA receives tax information from third parties and should have already received most tax information slips and other tax-related information for the 2021 tax year by now. Common tax information slips available include: T3, T4, T4A, T4A, T4A, T4E, T4RIF, T4RSP, T5, T5008 and RC62.Article content

The service also contains other tax-related information, including: your RRSP contribution limit, Home Buyers’ Plan and Lifelong Learning Plan repayment amounts, non-capital losses carried forward, capital gains and losses, federal and provincial tuition, education and textbook carryforward amounts. A potential problem with the CRA’s Auto-fill feature was brought to my attention recently by a retired Vancouver CPA who still prepares a few returns for friends and family. He noticed that among the first half-dozen returns he prepared, the Auto-fill feature missed some T5 slips for almost each taxpayer, despite the taxpayers having received the paper slips in the mail a month earlier.

On March 20, I prepared a first draft of my own 2021 return and found that the Auto-fill download was missing a T4 slip for employment income, along with an RRSP contribution receipt, both of which I had paper or electronic copies of. I proceeded to enter those slips manually. A subsequent check of the CRA My Account site shows that those slips were processed in the system on March 22, two days after I prepared my own return.

Last week, I received another unsolicited email from a second accountant in British Columbia who noted that several of his clients’ T4RIF and T5 slips were still not posted to their CRA account.More On This Topic

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