CPP and OAS Tax Slips: As a Canadian resident, you can benefit from the Canada Pension Plan (CPP) and the Old Age Security (OAS) pension plan. These benefits are paid out monthly, and you must report them on your income tax return.
To help you with your tax return, you will receive tax slips from Service Canada that show the amount of CPP and OAS benefits you received during the year. These tax slips are important because they contain information you must report on your tax return.
CPP Tax Slips
The CPP tax slip is called a T4A(P), showing the total amount of CPP benefits you received during the year. If you have elected to have federal tax withheld from your CPP payments, the T4A(P) will also show the amount of tax that was withheld.
It is important to note that if you receive CPP disability benefits, you will receive a different tax slip called a T4A(P)(DIS). This slip shows the total CPP disability benefits you received during the year.
OAS Tax Slips
The OAS tax slip is called a T4A(OAS), showing the total amount of OAS benefits you received during the year. If you have elected to have federal tax withheld from your OAS payments, the T4A(OAS) will also show the amount of tax that was withheld.
If you received the Guaranteed Income Supplement (GIS) with your OAS payments, you will receive a separate tax slip called a T4A(OAS)A. This slip shows the total GIS benefits you received during the year.
When Are CPP And OAS Tax Slips Available?
CPP and OAS tax slips are typically available in February. However, the date they become available may vary from year to year.
It is important to note that tax slips for the current tax year are available in My Service Canada Account (MSCA) no earlier than February 1 of each year. This means you must wait until at least February 1 to access your tax slips online.
If you do not receive your CPP or OAS tax slips by the end of February, you should contact Service Canada to request a copy.
Availability Period Of CPP And OAS Tax Slips
You will also receive CPP and OAS tax slips if you receive payments from the Canada Pension Plan (CPP) and the Old Age Security (OAS) pension plan. These slips are important for filing your taxes and claiming benefits.
The current year’s availability period for CPP and OAS tax slips is from February 1 of each year. This means that you can access your tax slips for the previous year on or after February 1 of the current year. For example, the tax slips for the 2022 tax year will be available on February 1, 2023.
You can view, save, or print official copies of the following tax slips in My Service Canada Account (MSCA):
- T4E for Employment Insurance (EI)
- T4A/NR4 for Canada Pension Plan (CPP) and Old Age Security (OAS)
It is important to note that tax slips for the current tax year are available in MSCA no earlier than February 1 of each year. If you have not received your CPP and OAS T4, contact the Service Canada pension call center to request a replacement copy.
In summary, CPP and OAS tax slips are available on or after February 1 of each year in MSCA, and you can contact the Service Canada pension call center for a replacement copy if you have not received your T4 slip.
Accessing CPP And OAS Tax Slips Online
Suppose you are a Canadian citizen or permanent resident who receives Canada Pension Plan (CPP) or Old Age Security (OAS) benefits. In that case, you must access your tax slips online to file your taxes. Fortunately, you can easily access your CPP and OAS tax slips online through your My Service Canada Account.
Creating A My Service Canada Account
To access your CPP and OAS tax slips online, you must create a My Service Canada Account if you haven’t already. You can do this by visiting the Service Canada website and selecting the “Sign-In Partner Login/Register” button.
From there, you must select your preferred sign-in partner, such as your online banking provider, and follow the prompts to create your account. You will need your Social Insurance Number (SIN) and other personal information to complete the registration process.
Navigating The My Service Canada Account
Once you have created your My Service Canada Account, you can easily navigate to your CPP and OAS tax slips. Select the “Canada Pension Plan/Old Age Security” button from the My Service Canada Account homepage.
Next, select “Tax Information” and then “Tax Slips.” You can view and download your CPP and OAS tax slips for the current tax year.
It’s important to note that your CPP and OAS tax slips will not be available until February 1, following the tax year. For example, your tax slips for the 2022 tax year will be available online on February 1, 2023.
In conclusion, accessing your CPP and OAS tax slips online is a simple and convenient process that can save you time and hassle when filing your taxes. By creating a My Service Canada Account and navigating to the Tax Information section, you can easily view and download your tax slips for the current year.
Receiving CPP And OAS Tax Slips By Mail
If you prefer to receive your CPP and OAS tax slips by mail, you can expect to receive them each year by the end of February. However, suppose you have moved or changed your mailing address. In that case, updating your information with Service Canada and the Canada Revenue Agency (CRA) is important to ensure that your tax slips are sent to the correct address.
Updating Mailing Address
To update your mailing address with Service Canada, you can do so online through your My Service Canada Account (MSCA). Alternatively, you can call the Service Canada toll-free number at 1-800-277-9914 and speak with a representative who will assist you in updating your information.
To update your mailing address with the CRA, you can do so online through your My Account. Alternatively, you can call the CRA at 1-800-959-8281 and speak with a representative who will assist you in updating your information.
It is important to note that updating your mailing address with one agency does not automatically update your information with the other agency. Therefore, updating your information with both Service Canada and the CRA is important to ensure that your tax slips are sent to the correct address.
In summary, if you prefer to receive your CPP and OAS tax slips by mail, you can expect to receive them by the end of February each year. To ensure that your tax slips are sent to the correct address, updating your mailing address with both Service Canada and the CRA is important. You can update your information online or by calling the toll-free numbers provided.
Delayed CPP And OAS Tax Slips
If you have not received your CPP and OAS tax slips by the end of February, processing may be delayed. In this case, you can take the following steps:
- Contact Service Canada: If you have not received your tax slips by the end of February, contact Service Canada through their toll-free number at 1-800-277-9914. They will be able to help you determine if there is an issue with your account and if your tax slips have been mailed out.
- Check your My Service Canada Account: If you have not already done so, create a My Service Canada Account (MSCA). Your tax slips will be available on this account as soon as they are issued. You can access your account online or through the MSCA mobile app. You will need your social insurance number and other personal information to create an account.
- Request a copy: If you still have not received your tax slips and cannot access them through MSCA, you can request a copy from Service Canada. You can do this by phone or visiting a Service Canada Centre in person. You must provide personal identification and other information to verify your identity.
It is important to note that you should contact Service Canada immediately if you do not receive your tax slips by the end of March. This could signify a more significant issue, such as an incorrect mailing address or an error in your account information. By taking these steps, you can ensure that you receive your tax slips promptly and avoid any issues with your tax return.
Lost Or Misplaced CPP And OAS Tax Slips
If you have lost or misplaced your CPP and OAS tax slips, there are several ways to obtain a copy.
Option 1: Get a copy from the issuer
The first option is to contact the issuer of the tax slip and request a copy. For CPP and OAS tax slips, the issuer is the federal government. You can contact Service Canada to request a copy of your tax slip.
Option 2: Get a copy from CRA
If you cannot obtain a copy of your tax slip from the issuer, you can also get a copy from the Canada Revenue Agency (CRA). You can request a copy of your tax slip by calling the CRA at 1-800-959-8281. You must provide your social insurance number (SIN) and other personal information to verify your identity.
Option 3: Access your tax slip online
You can view and print your tax slips online if you have a My Service Canada Account (MSCA). To access your tax slips, log in to your MSCA account and select the “Tax slips” option. You can view and print your tax slips for the current and previous years.
Option 4: Wait for the CRA to send a copy
If you do not receive your tax slip by the end of February, you can wait for the CRA to send you a copy. The CRA will automatically send you a copy of your tax slip if they have not received confirmation that you have already received it.
It is important to keep track of your tax slips and other important documents. If you have misplaced your tax slip, request a copy as soon as possible to avoid any delays in filing your taxes.
Correcting Errors On CPP And OAS Tax Slips
Once you receive your CPP and OAS tax slips, please review them carefully to ensure all the information is correct. If you find any errors, you should contact the Canada Revenue Agency (CRA) as soon as possible to have them corrected.
Here are some common errors that you may find on your CPP and OAS tax slips and how to correct them:
Incorrect Personal Information
If your name, address, or social insurance number (SIN) is incorrect on your CPP or OAS tax slip, you should contact Service Canada to correct it. You can update your personal information online through your My Service Canada Account or call the Service Canada toll-free number.
Missing or Inaccurate Income Information
If you believe the income information on your CPP or OAS tax slip is incorrect or incomplete, you should contact the issuer (e.g., your employer or the CRA) to correct it. You may need to provide additional documentation to support your claim.
Incorrect Benefit Amounts
If you believe that the benefit amounts on your CPP or OAS tax slip are incorrect, you should contact the CRA to have them corrected. You may need to provide additional documentation to support your claim.
Correcting any errors on your CPP and OAS tax slips as soon as possible is important to avoid any delays or penalties when filing your income tax return. Reviewing your tax slips carefully and taking the necessary steps to correct any errors can ensure your tax return is accurate and complete.
Frequently Asked Questions
When will I receive my CPP and OAS tax slips?
CPP and OAS tax slips for the current year are available in My Service Canada Account (MSCA) as of February 1 of each year. If you choose to receive your tax slips online, you will not receive them by mail.
How can I access my CPP and OAS tax slips online?
You can access your CPP and OAS tax slips online through your My Service Canada Account (MSCA) no earlier than February 1 of each year. If you have not yet registered for MSCA, you can do so on the Government of Canada website.
Are CPP and OAS tax slips being mailed out?
If you have not chosen to receive your tax slips online, then they will be mailed out to you by the end of February of each year. However, it is highly recommended that you register for MSCA to access your tax slips online.
How do I download my T4 slips from CRA?
You can download your T4 slips from the Canada Revenue Agency (CRA) website. You must log in to your account and select the “Tax Information Slips” option to access your T4 slips.
What should I do if I haven’t received my CPP and OAS tax slips?
If you have not received your CPP and OAS tax slips by the end of February, contact the Canada Revenue Agency (CRA) or Service Canada for assistance.
Can I get my T4 slips from previous employers online?
No, you cannot get your T4 slips from previous employers online. You must contact your previous employer to obtain a copy of your T4 slips for previous years.