To serve you better, we provide you with the following user-friendly checklists, both for individuals, and corporations.
Individual Tax Checklist–
T slips: T4, T4E, T3, T5, T5008, T2202A, RC62, T4A-OAS, T4AP, T4A, T5007, T2200, T777, T777s, and other applicable slips
Receipts / supporting documents, number, or dollar amount:
- RRSP contribution
- Support for a child, spouse or common-law partner
- Profession or union dues
- Tool expenses for tradespersons & apprentice mechanics
- Medical expenses
- Transit pass
- Charitable donations
- Political donations
- Child care expenses
- Adoption expenses
- Children’s arts and sports programs
- Moving expenses
- Interest paid on student loans
- Carrying charges and interest expenses
- Days of staying-at-home to earn employment income if applicable
- Date of birth
- Citizen or PR
- Do you authorize CRA to give name, address, date of birth and citizenship to Canada Election
- Whether consent to share contact info for organ and tissue donor registry
- Marriage status change if applicable
- Do you own foreign property worth over CDN $100,000?
- Are you self-employed in the tax year?
- New SIN# if applicable
- Rent $ paid for tenant, and / or property tax paid for home owner
- Exams for professional certification
Other documents:
- Notice of Assessment / Reassessment
- CRA correspondence
- Sale or deemed sale of stocks, bonds or real estate
- T2057 if applicable
- Northern resident deductions receipts
- Rental income and expense receipts
- Business, farm or fishing income and expenses
- Business-related motor vehicle expenses, travel logbook of mileages for business
- Business-related home expenses, percentage used for business
- Volunteer firefighter certification
- Search and rescue volunteer certification
- Custody arrangement documentation
Note: Not all listed-documents may apply
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Corporate Tax Checklist –
- Corporate registration, including Article of Incorporation
- Previous year’s NOA
- Previous year’s T2 return if you are a new client
- Monthly bank statements
- Monthly bank transactions in Excel
- Monthly credit card statements
- Monthly credit card transaction in Excel
- Payroll NOA
- HST NOA
- T2057 supporting documents if applicable
- T661 supporting documents if applicable
- Home office expenses if applicable, percentage used for corporation
- Mileage for business use from the personally owned vehicles
- Estimated ending inventory balance at year-end
- List of unpaid suppliers invoices or payables at year-end
- List of annual sales showing customer, gross sales, HST collected
- List of outstanding sales invoices
- Amount of dividends declared for the tax year
Note: Not all listed-documents may apply
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Contact Us
FYI Accounting Service
1660 North Service Road East
Unit 103, Oakville
ON L6H 7G3
Phone:
(647) 382-3670
Email: