If you are a new client, please include with all your tax slips, last year’s assessment notice from CRA. Your last year’s tax return would also be very helpful.
Information Needed for Senior Tax Returns
Contact Name and Phone #
Spousal Information : Include spouse’s info also as per this list ...
*CRA Notice of Assessment of your most recent tax returns
*Do you (or if a spouse?) have a disability tax credit on file with CRA?
*Income slips : T4’s, Old Age Pension, Canada Pension, Other Pensions, Interest slips(T5’s etc...) T4RSP, T4RIF, T5007, Worker’s Comp., Investment slips (i.e. T3, T5008, T5013 etc...)
*Any other Income you receive, such as rental income, employment income, sales of stocks/bonds, income from Foreign sources, support payments and any other...
*Expenses such as investment expenses, interest expenses, list any other possible expenses. We will let you know what is an allowable expense.
*Home renovations to make your home safer for a disabled person? Please have valid receipts.
*Credits: Medical receipts, Donation Receipts, Political Contribution Receipts, credit for newspaper subscriptions, caregiver credit.
*House Taxes or Rent Paid ( to which city or person?)
*Tax installments paid for the tax year
*Does CRA have your direct deposit information on file?
*Please inform us if you have sold your home as it needs to be reported on a T2091 form.
Please Note* If you have a spouse/partner it is advantageous to file together as then you both may benefit from split pensions, moving medical expenses to obtain the best credit, using donations to the best result, plus one of you may transfer some amounts to your spouse’s return.
Information Needed For Singles and Families Tax Returns
Note: Please leave your Contact Info. If we need anything else, how to get in touch with you is extremely important!
Income
*Employment Tax Slips, Other Income tax slips
*Interest Slips ( T5’s, T3’s etc...)
*Social Assistance Income
*Universal Child Care Benefit
*Workers Compensation
*Employment Insurance
*Homebuyer’s Plan withdrawal
*Sale of stocks
*Support payment received
*Other Income i.e. self-employment, foreign income etc...
Deductions
*Union Dues
*Childcare Expenses (if paying an individual, you will need their SIN)
*Children’s Fitness Expenses
*Working at Home Expenses
*Interest, Investment Expenses
*Medical Expenses
*Charitable Donations
*Moving Expenses
*RRSP contributions
*Do you support a child/spouse/disabled person?
*Tuition Amounts (need T2202A)
*Interest on student loans
*Public Transit passes
*Rent or Property Taxes paid
**Please note that if you are a new client, we would need your last year’s assessment notice
plus any CRA correspondence pertaining to your taxes.
** Does CRA have your direct deposit information on file?
Information Needed For Small Business Tax Return
* Name of Business, type of business, date started if a new business
*Income from business before expenses
*Business Expenses (totals only) i.e. Accounting fees
- Office Supplies
- Rent, or space in home % used for the business
- Business Telephone usage only
- Other supplies (list what they are i.e. cleaning supplies used for a cleaning business.)
- Meals for clients, meals for employees (i.e:Xmas party)
- Travel for Business (Business use of Auto is separate)
- Equipment for Business (will take depreciation on this)
- Other, just ask us!
*Vehicle Expenses with kms driven for business purposes and total km driven in tax year
- Gas and Oil
- Vehicle Maintenance and Repairs
- Vehicle Insurance
- Interest on any vehicle loan
- Interest on a loan for business purposes
- Business Parking
- CCA (this is allowable amounts taken each year for depreciation of your vehicle, pro-rated for business/personal use.)
*Office-in-Home Expenses : to be pro-rated as per business/personal usage
- Utilities (Hydro, Heat, etc...)
- House or Condo taxes (condo fees also)
- Rent
- Maintenance/repairs
- Office furniture, computers etc...
-Any renovations re: Office Space
**Note: If you are a new client, we will need your last year’s tax return for information regarding any carry-forward amounts and ending depreciation amounts on the business forms plus your last year’s assessment notice from CRA.
* also any tax installments made to CRA.
Information Needed For Rental Business Tax Returns
NOTE: If you are a new client, please have your assessment notice for CRA and last year’s tax return available for us.
*Rental address, owner
*Rental Income Received
*Rental Expenses:
Utilities
Taxes
Insurance
Interest in year for mortgage
Office expenses (stationery etc...)
Professional fees (accounting fees)
Maintenance/Repairs
Advertising
Travel for business purposes re: rental (if applicable)
Depreciation (if applicable)
**Note: Some fees cannot be expensed, but are eventually recoverable, such as lawyer’s fees when you purchased the rental property, depreciation that was not expensed, major renovations that were done to improve the property, among others. Just ask us!