Last year, the Canada Revenue Agency rolled out a pilot program that allowed chartered accountants and professional tax preparers to automatically enter clients’ data onto a digital personal tax form using most certain types of certified tax software.
This tax season, the CRA program called Auto-fill will be available to all taxpayers making electronic tax filing much easier for more people. Bit should you be worried about privacy?
The following are the line which Auto-fill will automatically enter:
- T3, Statement of Trust Income Allocations and Designations
- T4, Statement of Remuneration Paid
- T4A, Statement of Pension, Retirement, Annuity, and Other Income
- T4A(OAS), Statement of Old Age Security
- T4A(P), Statement of Canada Pension Plan Benefits
- T4E, Statement of Employment Insurance and Other Benefits
- T4RIF, Statement of Income from a Registered Retirement Income Fund
- T4RSP, Statement of Registered Retirement Savings Plan Income
- T5, Statement of Investment Income
- T5007, Statement of Benefits
- T5008, Statement of Securities Transactions
- RC62, Universal Child Care Benefit Statement
- RC210, Working Income Tax Benefit Advance Payments Statement
- registered retirement savings plan contribution receipt
Find out how converged, hyper-converged, DevOps and other tools can help optimize you data centre implementation, go to the Next Gen Datacentres (Converged+) event on March 9
Other tax-related information includes:
- Registered Retirement Savings Plan contribution limit
- Home Buyers’ Plan repayment amount
- Lifelong Learning Plan repayment amount
- Non-capital losses
- Capital gains and losses
- Capital gains deductions
- Federal tuition, education, and textbook carryover amounts
- Provincial tuition, education, and textbook carryover amounts
For more information, go to Tax information slips.
That’s a lot of sensitive private information going online and there has been a history of government data systems being breached. But according to the CRA, Auto-fill, formerly called Tax Data Delivery, is a secure service.
However, in an interview with CBC, Ann Cavoukian, former Ontario privacy commissioner and current executive director of the Privacy & Big Data Institute at Ryerson University, said it is right to be concerned about privacy and security whenever new services are introduced.
She said conducting a privacy impact assessment to pinpoint potential privacy risks before a roll out is essential. “I would hope the government would have done their due diligence before launching,” said Cavoukian.