Personal Tax Guide
Important Tax Notices
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Appointments are required!
Please wait until you have all your tax slips and information before making an appointment! We look forward to seeing you!
Personal Tax Checklist
To avoid a 20% penalty from CRA, bring in ALL your T4s and income slips at the time of your appointment. If you receive a slip after filing, bring it to us and we will adjust your tax return.
- T4 (employment income)
- T4RIF (RRIF withdrawal)
- T4RSP (RRSP withdrawal)
- T4PS (profit share)
- T2202 (tuition fees), for you or a dependent. (If you don't have a paper copy of this slip, bring your university log-in and we can print it for you.)
- T3 (investment income)
- T5 (investment income)
- T4A (CERB, UFA, Co-op)
- T4E (EI benefits)
- T5018 (sub-contractors)
- T4A(OAS) (Old Age Security)
- T4A(P) (Canada Pension Plan)
- T5007 (WCB / AB Seniors Benefit / social assistance / AISH)
- all corresponding provincial slips and any other slips you have received
Details of Income
- Employment income that is not on T4 slips
- Business income*
- Farming income*
- Partnership income
- Investment income reports (Wealth Simple, Q Trade, stocks, bitcoin)
- Rental income, including all amounts received from the sharing economy (AirBnB, Uber, etc.)
- Interest income that is not on T5 slips
- Tips earned
- Internet business activities and web address
- Co-op equity statement (both equity statement and T4A needed)
- Farm or business record book, if you used one in the year
If you have farming or business income:
Pick up an accounting record book at our office that you can use to track your revenue and expenses throughout the year. It's easy to use and can reduce your appointment time!
Details of Expenses
- Employment related expenses. You must bring form T2200 provided and signed by your employer.
- Tools acquired by apprentice mechanics or other tradespeople
- Interest on money borrowed to purchase investments or earn income (RRSP loans do not qualify)
- Moving expenses, if you moved more than 40km closer to work and had or will have income after the move
- Union or professional dues paid that do not appear on your T4 slip
- Interest on student loans (only provincial or federal student loans qualify)
- Child care expenses paid, only if incurred when you went to work
- Adoption related expenses
- Clergy residence deduction information, including a signed form T1223
- Disability supports expenses
- Home Accessibility Tax Credit. If you are over 65 years of age or claim the Disability Tax Credit you can claim certain renovation costs to improve mobility or reduce risk of harm
- Educator School Supply Tax Credit for licensed teachers. Provide receipts for eligible school/classroom supplies (up to $1000) that you purchased and a letter of certification from your employer confirming the supplies were for use in the classroom.
- Home office expenses. If you worked from home 50% or more of the time over a consecutive 4 week period you may be eligible to claim home office expenses.
- First time home buyers' tax credit if you purchased your first home. Provide legal (lawyer) documentation of the purchase. (Note - if you paid GST on your purchase or build, you may also be eligible to receive some of your GST back. Please contact our office and ask about the New Housing GST Rebate.)
- Northern Residence and Northern Travel proof (must be brought in at the time of your appointment). You can claim travel expenses of up to the amount in Box 32 of your T4, or a standard $1200 per family member under 18.
- Provide utility bills, rent receipts, or property tax bills (required even if you are only claiming trips). If you’re using utility bills or rent receipts, bring one each from January and December to prove the full year of residency.
- For travel claims, also provide receipts for fuel, hotels, campground fees, parking fees, and meals for travel. Credit card or bank statements are acceptable if they show the city of purchase.
- Children in the household claiming a portion of the northern residence or travel need a letter signed by a parent (letter can be picked up at our office, must be signed before your appointment) and a copy of utility bills, rent receipts or a property tax bill in the parents' names.
- (Note - To speed up your appointment time, you can fill out our trip details form for each of the trips you would like to claim prior to filing.)
- Medical expenses
- Provide all receipts for prescriptions, glasses, eye exams, dental expenses, ambulance, Blue Cross or similar plan premiums. Click here for a full list of eligible medical expenses.
- If travel was required due to the service not being available locally, provide trip receipts and signed doctors' letters (form letters can be picked up at our office) that states you were required to travel. If you required someone to travel with you, the doctors' letters also need to state this.
- RRSP investment purchase receipts. If you contribute monthly, bring the current year January and February receipts (will only be received in March). If last year's January and February contributions were not claimed on your return, bring them now.
- Sale of your home. Provide the year you originally purchased your home, street address or land location, and the selling price.
- Foreign property owned (at any time in the year) that is valued over $100,000 CAD. Provide details of cash, stocks, trusts, real estate, etc.
- Disability Tax Credit. If you or a family member are eligible, this may provide substantial tax benefits. Provide a completed T2201 (blank forms can be picked up at our office for completion by a doctor). Note that the application process can take a long time and the tax credit can only be claimed once approved. Eligible diseases/conditions include (but are not limited to) diabetes, cystic fibrosis, kidney dialysis, down syndrome, blindness, confinement to wheelchair and mental disabilities. Click here for a complete list.
- Charity donation receipts (must be a registered charity). Even small donations can have a significant benefit. Donations made personally may have a larger benefit than those made by your corporation. US charities do not qualify unless you have US income.
- Political donation / contribution receipts.
- Volunteer Firefighter Tax Credit. If you are a volunteer firefighter and have more than 200 volunteer hours in the year, provide a letter from your fire department.
- Bank account information if you would like to be set up for direct deposit or if your banking information has changed. A bank statement or void cheque would have this information.
- Previous year notice of assessment (NOA) or other CRA letters. Not required but helpful to ensure correct assessment of your return.
- Spouse/common-law partner's return, if we are not preparing their return, for the purpose of tax planning and review.
This list covers most of the information you'll need to provide, but please bring in anything not covered here if you believe you need to report it on your tax return. We'd be happy to go over it with you.