Due to the upcoming Canada Dental Care Plan (CDCP), the CRA has updated the tax filing process to support the transparency of dental care in Canada.
Beginning with 2023 tax season, employers must provide information on dental care benefits on T4 and T4A slips, TNMSC recently reported. These reports on whether employees and their families receive dental insurance through their employer will help determine eligibility for the CDCP.
Moving forward, it is mandatory to provide these details each year to avoid penalties. Implementing this standard is to support the CDCP and ensure dental coverage is extended to those currently without employer-provided coverage.
