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CFPB’s Proposed EWA Rule Sparks Debate

ThomsonReuters

noted the significant change in posture regarding the CFPB’s new guidance that would classify EWA products as a form of credit subject to the TILA regulations from its previous 2020 advisory opinion, which created a safe harbor for certain EWA providers to avoid being subject to TILA.

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Information on Filing T4s/RL-1s and T4As for Small Business Owners

Ronika Khanna CPA,CA

If you have a payroll provider , they will often prepare and submit the T4 slip and summary on your behalf. When in doubt it is important to confirm this with your payroll provider. Certain accounting software like QuickBooks and Simply Accounting generate the forms and the information for the summaries.