Canada Revenue Agency said it had lifted the moratorium on penalties for failing to report certain service payments in the trucking industry.
The change applies for the 2025 tax year and subsequent tax years.
Businesses in the trucking sector can now be assessed penalties if they fail to report payments for services exceeding $500 in a calendar year that are made to a Canadian-controlled private corporation in the trucking industry.
Those payments must be reported in box 048, fees for services, on the T4A slip.
For the 2025 tax year, CRA said the T4A information return is due by February 28, 2026. Because that date falls on a Saturday, it will be considered on time if received or postmarked by March 2, 2026.
A business is considered to be operating in the trucking industry if more than 50 per cent of its primary source of income comes from trucking activities.
The reporting requirement for fees for services is not new. CRA said the moratorium began in 2011 to give businesses time to become familiar with the requirement.
Budget 2025 proposed $77.0 million over four years, starting in 2026-27, and $19.2 million annually after that, for CRA work on trucking-sector non-compliance, personal services businesses, and reporting of fees for services.
The change affects payers, incorporated drivers, and trucking businesses because T4A reporting can influence income visibility, worker classification disputes, compliance reviews, and penalties.