Personal Tax Return Checklist

General

  • Last Year’s Tax Return (If This Is Our First Year)
  • Last Year’s Notice Of Assessment (Noa)
  • Details Of Changes To Personal Status – Marriage, Separation, Birthdates, Children Birthdates, New Address, Telephone Number, Disabilities, Death
  • Amounts Paid By Tax Installments

Home Office

  • Electricity, Heat, Water, Maintenance & Repairs, Insurance, Mortgage Interest, % Use Of Home For Business

Other

  • Spousal Or Child Support Received
  • Property Tax Or Rent Paid (If Family Net Income Greater Than $40,000)
  • Employment Expenses (Auto / Supplies / Home Office)(Form T2200 Required – Signed By Employer)
  • Moving Expenses (T1m) If You Moved 40 Km Closer To New Place Of Work
  • RRSP Home Buyer Information
  • Details Of Any Foreign Income

T-Slips

  • T4 Employment Income
  • T5 Interest Or Dividends
  • T3 Mutual Fund Income
  • T600 Canada Savings Bond Interest
  • T4A(P) Canada Or Quebec Pension
  • T4A Pension, Retiring Allowance, Scholarships
  • T4RIF Registered Retirement Income Fund
  • T4RSP Withdrawal From A Rrsp
  • T5007 Workers Compensation, Social Assistance
  • T5013 Partnership Income
  • T4E Employment Insurance Benefits
  • T4PS Profit Sharing Plan

Vehicle Expenses

  • Fuel, Insurance, License & Registration, Maintenance & Repairs, Parking, Total Kms Driven For Business And Personal

Rental Properties

  • Details Of Owners/partners, Gross Revenue, Advertising, Interest, Maintenance & Repairs, Office Expenses, Property Taxes, Travel Costs, Utilities.

Deductions

  • RRSP Contribution Slips
  • Professional Fees Or Union Dues (If Not On T4)
  • Donations To Charities
  • Medical Expenses (Drugs, Dental, Glasses, Therapy, Private Health Plan Premiums)
  • Summarize By Family Member And Exclude Any Amounts Reimbursed
  • Child Care Information
  • Child Activity Expenses (Max $500 Per Child Under 16)
  • Tuition Fees (Post-secondary
  • Interest On Money Borrowed To Earn Investment Income
  • Safety Deposit Box (If You Own Investments)
  • Investment Management Fees
  • Public Transit Monthly Passes
  • Labour Sponsored Tax Credits
  • Spousal Or Child Support Paid
  • Political Contribution Receipts

Business Tax Return Checklist

Expenses

  • Legal Papers Of Buying Equipment & Vehicles Used In Your Business
  • Utilities & Telephone Bills
  • Property Taxes
  • Rent/mortgage Papers (Payment + Interest Paid)
  • Insurance
  • Advertising & Promotion
  • Business Tax, Fees, Licenses, Dues & Memberships
  • Delivery And Freight Charges
  • Office & Supplies Expenses
  • Salaries And Wages
  • Travel Expenses
  • Meals And Entertaining
  • Other Related Expenses

Vehicle Expenses

  • Total Kms/miles Driven During The Year
  • Kms For Business Use
  • Auto Gas/fuel
  • Auto Repairs And Maintenance
  • Auto Parking
  • Insurance
  • License
  • Auto Loan Interest
  • Leasing Costs
  • All Other Expenses Related To Automobile

Sales/Revenue

  • Sales/Fees/Commission (T4A If Any)

Home Office Expenses

  • Space (SQ. FT.) Used For Business
  • Total SQ. FT. Of Home For Business Use
  • Mortgage Interest From Annual Mortgage Statement
  • Rental Income
  • Utilities (Heat, Hydro, Water)
  • Condominium Fees
  • Property Taxes
  • Any Maintenance Expenses

COST OF GOODS SOLD

  • Opening Inventory
  • Purchases
  • Ending Inventory