Your Tax Checklist

Filing your income tax return often seems a daunting task, even with the help of a tax professional. Print and use the following checklist to ensure that your information is complete.

Note: You should have received all your applicable tax documentation by the end of March.

General Items

  • Previous year's notice of assessment
  • Note changes to personal status, such as marriage, separation, births, new address, telephone number, disabilities, deaths, etc.
  • T4A(P) Canada Pension Plan Benefits
  • US Social Security
  • Pension Income (T4A)
  • T4 RIF
  • T4 (employment)
  • T4A (commisions and self-employed)
  • T4E (employment insurance)
  • T4OAS (old age security)
  • T5 (investment income)
  • T3 (income from trusts)
  • T5007 (workers' compensation/social assistance payments)
  • T5013 (partnership income)
  • Documents re: sale of investments/real estate
  • T4RSP (retirement savings plan income)
  • RRSP contribution slips
  • Medical receipts
  • Charitable donations
  • Tuition fees/education amount
  • Interest paid on student loan(s)
  • Professional dues/union dues
  • Details on foreign property holdings (if any)
  • Carrying charges/loan interest (Loans must be for income producing purposes)
  • Safety deposit box fees paid prior to March 21, 2013
  • Professional consultants' fees
  • Spousal support income/payments
  • Separation agreement (if it is the first year)
  • Dependent information (e.g., children, elderly parent, new spouse, etc.)
  • If you are a new client include your copy of last year's return
  • Child care information
  • Property taxes/rent paid and to whom
  • Moving expenses (See our moving expense worksheet)
  • Political contribution receipts
  • T2201 Disability tax credit claim form completed by doctor, first year or renewal
  • Tax shelter credits such as labour-sponsored venture capital investments
  • Tax installments paid in the year (receipts required)
  • RRSP Homebuyer and education withdrawal information

Rental Property

(See our rental property worksheet)

  • Address and number of units
  • Current UCC of property as of January 1 of tax year
  • Rent per unit
  • Mortgage interest
  • Property taxes paid
  • Utilities
  • Repairs and maintenance
  • Renovation costs
  • Other rental expenses
  • Insurance

Business Income/Self-employed Income/Commission Expenses

(See our business income and self employment worksheets)

  • Revenue and expenses for the year
  • Asset additions
  • Business use of home
  • Business use of auto
  • Form T2200 from employer (declaration of conditions of employment)
  • Details of apprentice vehicle mechanic tool costs in year
  • Auto operating costs
  • Advertising and promotion
  • Truckers (TL2)
    ​

Contact Fastax Niagara at 905-682-8115 - Fax: 905-682-1177 - http://www.fastaxniagara.com