March 6, 2012 0 comments

Personal Tax Return Checklist

Below is a checklist that I have put together to help my clients organize and compile the information needed to complete their personal tax return.

Slips

• All information Slips (T4, T3, T5, T4E, T4A, T4AP, T4RSP, T4RIF, T5013)
• Old Age Security and CPP benefits
• Other Pensions and Annuities
• Employment insurance benefits
• Social assistance payments
• Workers compensation Benefits
• RRSP contributions
• Universal Child Care Benefit Confirmation
• Disability Tax Credit Certificate (T2201)
• Declaration of Conditions of Employment (T2200)

Family

• Medical expenses
• Support for a child, spouse or common-law partner
• Tuition/Education amounts for qualifying students
• Interest paid on student loans
• Transit passes
• Child care expenses
• Children’s fitness programs

Business/Rental

• Business income and expense records
• Rental income and expense records
• Office-in-home expenses
• Automobile expenses
• Automobile /Travel Logbooks

 Investments 

• Sale or deemed sale of stocks, bonds, or real estate
• Capital gains/losses records

 Other

• Charitable/Political contributions
• Professional Fees Union Dues
• Carrying charges and interest expenses
• Prior year Notice of Assessment
• Canada Revenue Agency Correspondence
• Tools expenses (tradesperson)

If you have any questions related to what is needed to complete your tax return,  how to reduce your tax payable, or if you need assistance completing your personal tax return this year please contact us at steve@wattsca.ca , 604 510-0156, or visit our website at https://wattsca.ca  for more information.

 

Disclaimer: The information in the blog is for general information only and is not intended to be a substitute for professional advice.  Each person’s situation is unique, and a designated professional accountant can assist you in using the information on this blog to your best advantage.  The author of this blog strives, but does not guarantee, to provide information which is current and accurate.  Due to the nature of the information, it should not be relied upon for decision making without talking to a designated professional accountant.  By obtaining information from this blog, you fully release Steve Watts, Chartered Accountant of any liability that may arise from using this information.