u/Confident_Team4372

Hi, I have 4 contractors working for me - what are the late filing penalties for the T4A slip in total ? Is it $100 per slip or $100 total?

Thanks !

Hi, I made an RRSP over contribution by over $2,300 - my understanding is that CRA penalties will be 1% of $300. Given the potential penalties are small, I was thinking of not filing the T1-OVP form as the CRA may not follow up given how small the figures are.

I was also thinking the $2,300 over contribution will automatically be an unused contribution will get absorbed into the new contribution room which is created in the 2026 tax year - is my assumption correct?

Hi I have sent my two year old in 2025 to Montessori - the receipt I receipt was signed and included a tuition amount (a large amount) and a smaller amount for Aftercare. Am I correct for saying that Montessori can be counted as childcare? We were both working full time.

Also the Montessori has included in the receipt how much we prepaid for 2026 - should I ask them to provide 2 separate receipts for 2025 and 2026.

Hi, I read somewhere that there is a quirk when filling out the schedule 15 (FHSA) for the T1 - even if there were no transactions during the year, the CRA still expects an entry. I am seeing this error message:

"Our records show you have not filed all your income tax and benefit returns, since you opened your first home savings account (FHSA), your FHSA participation room statement may be incorrect.".

What is the best way to correct this? When I try adjusting the return online on CRA website and putting a nil entry - it doesn't allow to re-submit a return with no changes. Any ideas?

Hi my son turned 18 in 2026 and we would like to apply for the Disability Tax Credit for him. He does not have access to the CRA portal in order to do this and we want to do it electronically and not on paper. I was thinking we should file his 2025 tax return so he can get access to the CRA portal and apply for the DTC.

My son has no taxes owing. We would like to take advantage of the DTC.

I was thinking of filing my return now or should I hold off( I am a sole proprietor ). Once he gets the disability tax credit should I transfer the credits to my return and do an adjustment to my 2025 return ? Will I need do adjust my previous returns retrospectively ?  Will we need to adjust my sons 2025 tax return?