01/06/2026
Updates to the trucking industry that do NOT favour the self-employed trucker nor the corporation that engages a self-employed trucker.
Note the following developments that apply for 2025:
- T4A issuance now mandatory (no more relief of penalties when non-filing a T4A)
https://www.canada.ca/en/revenue-agency/news/2025/12/cra-strengthens-compliance-in-trucking-sector-by-lifting-the-moratorium-on-t4a-penalties.html
- Compliance requirements for the trucking industry
https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/compliance/requirements-trucking-industry.html
Happy New Year!
The Canada Revenue Agency (CRA) has lifted the moratorium on the penalties for failure to report fees for service transactions in the trucking industry starting with the 2025 tax year. Trucking businesses will now face penalties if they fail to report payments over $500 in a calendar year made to Ca...
