diff --git a/CHANGELOG.md b/CHANGELOG.md
index 8f527259..25797a03 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,12 @@
 
 All notable changes to this project are documented in this file.
 
+## 0.4.0 (2020-11-26)
+
+This is the fourth MINOR prerelease, adding support for suspension
+of resources using `.spec.suspend`, and watchers for the upstream
+sources of `HelmChart` resources to detect revision changes faster.
+
 ## 0.3.0 (2020-11-19)
 
 This prerelease comes with a fix to garbage collection.
diff --git a/config/manager/kustomization.yaml b/config/manager/kustomization.yaml
index 7536a068..b8d9d9f5 100644
--- a/config/manager/kustomization.yaml
+++ b/config/manager/kustomization.yaml
@@ -6,4 +6,4 @@ resources:
 images:
 - name: fluxcd/source-controller
   newName: fluxcd/source-controller
-  newTag: v0.3.0
+  newTag: v0.4.0
diff --git a/go.mod b/go.mod
index 59795c96..14986bf3 100644
--- a/go.mod
+++ b/go.mod
@@ -14,7 +14,7 @@ require (
 	github.com/fluxcd/pkg/ssh v0.0.5
 	github.com/fluxcd/pkg/untar v0.0.5
 	github.com/fluxcd/pkg/version v0.0.1
-	github.com/fluxcd/source-controller/api v0.3.0
+	github.com/fluxcd/source-controller/api v0.4.0
 	github.com/go-git/go-billy/v5 v5.0.0
 	github.com/go-git/go-git/v5 v5.1.0
 	github.com/go-logr/logr v0.2.1