Timelines And Tips For 2021 Year-End Documents (T4s, T4As And RL-1s)

A successful year-end revolves around – no huge surprise – your year-end documents. So we’ve prepared this article to guide you through Wagepoint’s 2021-2022 review and submission periods, as well as some helpful tips to keep you on track. 

What’s new in 2021? 

This year, we’re introducing daily submissions. Unlike previous years, when you had to indicate that you wanted to send your year-end forms to the Canada Revenue Agency (CRA) and Revenu Québec (RQ) before the deadline by clicking on a “Submit Early” button, this function is automatically baked into our process. Simply click “Submit” anytime during the review period of January 1, 2022 to February 21, 2022 and your file will be transmitted within one business day. 

Tips and tricks to help with your year-end documents 

  1. You must run a minimum of two (2) payrolls in the 2021 calendar year in order for Wagepoint to prepare and submit your T4/T4A/RL-1 forms. To check if you qualify, please review your payroll reports. 
  2. Please confirm that you’ve correctly set your “Auto-submit tax forms” status in Settings > Account Settings to indicate how you’d like your year-end forms handled.  
    • Set the toggle to “Yes” if you wish for Wagepoint to automatically file your year-end forms with the Canada Revenue Agency (CRA) and Revenu Québec (RQ) on your behalf on February 22, 2022, in the event that you do not submit them yourself before this date. 
    • Set the toggle to “No” if you wish to DIY,  submitting your own tax forms to the government and your employees. 
  3. As per the CRA/RQ, the year-end reporting period only looks at pay dates that fall within the calendar year — January to December 2021. In other words, anything you want showing on your 2021 year-end documents must be processed in 2021. 
  4. Any payrolls processed outside of Wagepoint must be run through the system in order for the wages and taxes to be included in your year-end reports. 
  5. Once your files are submitted, we will generate the final year-end forms in PDF format and make them available to your employees online through the employee portal. If you have active or terminated employees who don’t have access to their Wagepoint employee accounts online, you will need to print and physically mail or hand out their T4 / T4A / RL1. (You must also request their written permission to use alternate methods of delivery like standard mail.)  

Are you one of Wagepoint’s nanny accounts? If you wish to submit your own year-end documents outside of Wagepoint, please set the auto-submit toggle in your account to “No” (Settings > Account Settings). 

Important payroll timelines for 2021-2022 year-end

Dates and deadlines

Before Dec. 24, 2021

Ensure you set up any employees or contractors who were not paid through Wagepoint but need a T4/T4A/RL-1 for 2021 before you run your last payroll for the year.

Dec. 24, 2021

Last date to process a direct deposit payroll for a pay date in 2021. 

Dec. 28, 2021

Updates to the payroll tax tables for 2022 will be completed within Wagepoint.

Dec. 29, 2021

First date to process a direct deposit payroll for a pay date in 2022. 

Dec. 30, 2021

Last date to process a manual payroll for a pay date in 2021 and issue paper cheques to pay employees. 

Jan. 1, 2022

T4, T4A, RL-1 reports for 2021 will be available for review in Wagepoint.

Jan. 4, 2022 onward

Employees can access their individual T4 / T4A / RL-1 forms online through their Wagepoint employee accounts. (This applies to companies that submit their year-end forms within Wagepoint, beginning on January 1. Employees will be able to access their copies approximately one business day after employers submit the forms within Wagepoint)

Early February 2022

Québec employers – Print, sign and physically mail or courier the RL-1 Summary report to Revenu Québec to arrive on or before February 28.

 

Note: Ensure you complete all sections of the RL1 summary, including Section C, to avoid any penalties. 

 

Click here for Revenu Québec address information for mailing in your report.

Feb. 21, 2022

Adjustments will need to be completed by 11:59 pm ET.

Last date to change auto-submit setting for year-end forms. 

Feb. 22-28, 2022

T4s, T4As, RL1s, T4 summary, and T4A summary reports will be submitted to the CRA/RQ via an electronic bulk submission process for customers whose auto-submit setting is set to “Yes”. 

Mar. 1, 2022 onward

If applicable, you can request amendments ($10 per amendment) for any year-end reports that have been submitted electronically.

We're here to help.

Contact Wagepoint's customer support by submitting a ticket directly within the app, or sending us an email to support@wagepoint.com

 Want to learn more? 

Access other important year-end goodies in your Year-End Survival KIT.

About the Author

Kasia Wind

Kasia Wind is a Manager of Brand, Content and Communications at Wagepoint. As a kid, she wanted to become a talk show host like Jenny Jones (it didn't work out). A believer that storytelling is the best way to connect, Kasia has created content for audiences including small businesses, bodybuilders and doctors. Oddly, her own stories often involve getting injured in hilarious ways.

Follow on Twitter Follow on Linkedin Visit Website More Content by Kasia Wind
Previous Article
Notes On Taxes And Remittances
Notes On Taxes And Remittances

Important information about 2022 tax rate updates, tax reduction at source, reduced EI rates, provincial em...

Next Article
5 Really Important Things You Must Do Now To Prepare For Year-End
5 Really Important Things You Must Do Now To Prepare For Year-End

Prepare for a smooth payroll year-end with this checklist for Canadian small businesses, accountants and bo...