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T5 Slips for Simplii Financial - Online or By Mail ?
January 18, 2019
8:12 am
Top It Up
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My return is mailed-in and assessed i.e. DONE, long before tax slips are posted to my CRA account.

January 18, 2019
8:41 am
Alexandre
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Top It Up said
My return is mailed-in and assessed i.e. DONE, long before tax slips are posted to my CRA account.  

Below statement is not targeted at you, but discussing the CRA tax review and assessment process, so please don't take it personally.

It is logical to assume they won't just trust a word from someone who sent their printed return by mail on January 2nd, indicating NINJA status, only to see T4 for that person submitted in February and hefty interest income from some bank in T5 submitted in March.

I am assuming, individual tax returns are internally reassessed by CRA as soon as new tax slips are posted to CRA.

January 18, 2019
8:50 am
Winnie
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Alexandre said

I am assuming, individual tax returns are internally reassessed by CRA as soon as new tax slips are posted to CRA.  

In my case, that was not true for many years.
One, two or more years later, I submitted reassessments myself.

January 18, 2019
8:50 am
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Everything CRA related is about patterns - individuals who file similar returns year over year over year are of little/no concern to the CRA - fall out of that pattern, just once, and you may be flagged for a period of time. Any analysis performed by CRA would be by computer driven algorithms not by "hand" until the file is flagged.

January 18, 2019
9:12 am
Alexandre
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Top It Up said
Everything CRA related is about patterns - individuals who file similar returns year over year over year are of little/no concern to the CRA - fall out of that pattern, just once, and you may be flagged for a period of time. Any analysis performed by CRA would be by computer driven algorithms not by "hand" until the file is flagged.  

I had relative who opened new investment accounts with a bank she had account with for a long time, and got two additional tax forms from the bank early next year. For some reason, she decided one was duplicate and submitted tax return with just one bank tax form, not two.

She was reminded by CRA after initial assessment that her tax return is not complete, had to correct it and had to return part of tax refund.

I see no issue with how computers can do basic validation of tax returns. Even what you send by mail will be, most likely, manually entered by unionized government employee into computer systems.

Comparing count of submitted forms of different types for a tax return is just a simple database query.
If count matches, comparing numbers entered in each form is not a hard job for a computer either.

January 18, 2019
9:31 am
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Alexandre said

Even what you send by mail will be, most likely, manually entered by unionized government employee into computer systems.

Nothing more that a keypunch operator.

January 19, 2019
3:53 pm
rfdm4g4g9
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Alexandre said
Regardless of email or snail mail delivery, T5s are also available at CRA "My Account."

I just checked mine from Simplii for 2017 tax year, it is there, listed under CIBC bank. Submitted to CRA by Simplii on 2018-03-06.

If you do NETFILE through tax preparation software such as TurboTax, it can just download those (and other tax forms) from CRA for you, when they become available at CRA.  

Yes my upload date for last year is also the same - 6 th March, 2018.

Submitted to CRA by Simplii on 2018-03-06.

February 23, 2019
7:56 pm
rfdm4g4g9
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Some people are saying on RFD that their Simplii T5 has been uploaded online on CRA.

That seems too quick, knowing how Simplli operates. Too good to be true.

Mine is yet to arrive in mail or online on CRA.

I guess like last year it will be first week of March for me.

February 24, 2019
5:05 am
davidgeorge
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Anybody received T5 from Simplii? I haven't received yet.

February 24, 2019
9:19 am
rfdm4g4g9
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davidgeorge said
Anybody received T5 from Simplii? I haven't received yet.  

First week of March is the norm for these guys. Last year most got it by March 6.

This year should not be any different.

February 25, 2019
9:36 am
SavingIsGood
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Alexandre said
I am assuming, individual tax returns are internally reassessed by CRA as soon as new tax slips are posted to CRA.  

Ha, ha; NO WAY. They would need thousands of contractors to do that.
Everything is 'computerized' and goes through AI algorithm. Very AAAAIIII
They take your return and compare it with what they got.
If it is equal, you get tap on the head - good boy, roll over - for the next year;
If it is within certain margin - you get reassessment notice and dry bone;
If it is not the same for a MARGIN - you get audited, kicked between the legs and thrown outdoors - BAD BOY.

March 1, 2019
3:58 pm
rfdm4g4g9
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Got my Simplii T5 in mail today, Friday - March 1, 2019.

Yet to be uploaded online on my CRA account by Simplii. So I can't do an auto fill for it when I file my taxes, Will have to fill in manually.

March 1, 2019
4:00 pm
rfdm4g4g9
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davidgeorge said
Anybody received T5 from Simplii? I haven't received yet.  

Got mine today, March 1 - Friday.

March 1, 2019
4:15 pm
Alexandre
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Got mine in the mail today, March 1st, too. Do not see it uploaded to CRA My Account yet. I expect it will be there in few days.

March 2, 2019
11:35 am
rfdm4g4g9
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Alexandre said
Got mine in the mail today, March 1st, too. Do not see it uploaded to CRA My Account yet. I expect it will be there in few days.  

Last yr on March 6- 2018 it was showing online on CRA My Account.

These guys need to get with the times and make their slips online like Tangerine.

I literally get nothing in my mail except this slip. They barely clear the sidewalk around my community mail box, so it is always slippery and full of ice over thrre.

I have kept everything online, plus no junk mail sign on my box.

March 4, 2019
12:24 pm
mw
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got my Simplii financial and Hubert financial T5 slip from mail box today.

March 4, 2019
2:08 pm
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mw said
got my Simplii financial and Hubert financial T5 slip from mail box today.  

I'm still waiting for Simplii and Ideal Savings to show up -- nothing uploaded to my online CRA account yet either

March 4, 2019
3:00 pm
rhvic
Victoria, BC
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Got my Simplii and Hubert T5s in the mail today.

March 5, 2019
5:51 am
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Londonguy said

I'm still waiting for ... Ideal Savings to show up  

Hard copy received Feb 1st; digital posted to my CRA account Feb 25th.

March 5, 2019
9:12 am
Londonguy
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Hard copy received Feb 1st; digital posted to my CRA account Feb 25th.  

Well, that's weird then -- I'd better call them. TY for the feedback

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