It is that time of year again…tax season! If you are like most people, doing taxes is something you view as a dreaded task or you procrastinate doing. Do not fear, we have a helpful Canadian Tax Season Checklist to make doing your taxes easier to organize. This list will remind you of the things you will need to prepare for doing your taxes or for taking them to a tax preparer. Please note: There is a free download of this checklist at the end of this post.
Tax Slips
- T4 slips (Employment Income)
- T4E Employment insurant benefits
- T4A (Other pensions, annuities and certain scholarships)
- T4AP (CPP benefits)
- T4 RSP (RRSP income)
- T4 RIF (RRIF income)
- T4 A-OAS (Old Age Security)
- T3 (Mutual funds, REITs, ETFs)
- T5 (Investment income – interest, dividends, certain capital gains)
- RC62 (Universal Child Care Benefits)
- T5007 (Social assistance payments/Worker’s compensation benefits)
- T2202A (Tuition/education receipts)
- T5031 (Partnership income)
- T2200 (Condition of employment/allowable employment expenses)
- All other information slips
Receipts
- RRSP contribution slips
- Medical expenses
- Support for a child, spouse or common-law partner
- Transit pass receipts
- Charitable donations
- Office-in-home expenses
- Moving expenses (including realtor’s commissions)
- Exams for professional certification
- Carrying charges and interest expenses
- Other Interest expenses
- Political contributions
- Child care expenses
- Adoption expenses
- Children’s arts and sports expenses
- Tool expenses (tradespersons)
- Interest paid on your student loans
- Receipt for your rent/property tax (certain provinces only)
- Professional or union dues
- Attendant expenses for the disabled person
Other Documentation
- Notice of Assessment/Reassessment
- Canada Revenue Agency correspondence
- Amounts you have paid in tax installments
- Rental income and expenses
- Sale or deemed sale of stocks, bonds, real estate, etc.
- Disability tax credit certificate
- Business, farm or fishing income or expenses
- Northern resident’s deduction receipts
- Income/expenses
- Commission employee expenses
- Automobile/Travel logbook and expenses (self-employed people and commissioned employees)
- Declaration of Conditions of Employment (T2200)
- Volunteer Firefighters certification
- Graduate retention certificate (SK only)
- Search and Rescue volunteer certification
- Custody arrangement documentation
- Legal expenses to collect alimony, pension or retiring allowances.
You can download this free Canadian Tax Season Checklist here.
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