Count4Less blogs
Personal Income Tax Checklist
COUNT4LESS • 15 February 2017
Get ready for tax season
Follow our checklist and call us to file your tax return!
Get ready for tax season
- Name
- SIN
- Date of Birth
- Current Address
- Phone number
- Marital status
- Last year Notice of Assessment and copy of Tax Return
- Province of residence on December 31
- Foreign property over $100,000
Slips
- T4 slips (Employment income)
- Employment insurance benefits (T4E)
- Interest, dividends, mutual funds (T3, T5, T5008)
- Tuition / education receipts (T2202A)
- Universal Child Care Benefit (RC62)
- Old Age Security and CPP benefits (T4A-OAS, T4AP)
- Other pensions and annuities (T4A)
- Social assistance payments (T5007)
- Workers’ compensation benefits (T5007)
- All other information slips
Receipts
- RRSP contribution receipts
- Support for a child, spouse or common-law partner
- Professional or union dues
- Tool expenses (Tradespersons & apprentice mechanics)
- Medical expenses
- Transit pass receipts
- Charitable donations
- Political contributions
- Child care expenses
- Adoption expenses
- Children’s arts and sports programs
- Moving expenses
- Interest paid on student loans
- Carrying charges and interest expenses
- Office – in-home expenses
- Exams for professional certification
Other documents
- Notice of Assessment/Reassessment
- Canada Revenue Agency correspondence
- Sale or deemed sale of stocks, bonds or real estate
- Northern residents deductions receipts
- Rental income and expense receipts
- Business, farm or fishing income/expenses
- Automobile / Travel logbook and expenses
- Disability Tax Credit Certificate n Declaration of Conditions of Employment (T2200)
- Volunteer Firefighters certification
- Search and Rescue volunteers certification
- Custody Arrangement documentation
Canada's business environment is as varied as its vast geography, presenting unique opportunities and challenges for entrepreneurs and established companies alike. From the bustling urban centers like Toronto and Montreal to the resource-rich regions of Alberta and the remote northern territories, each area offers distinct economic conditions that require tailored financial strategies.
In the vast and diverse landscape of Canada, remote businesses face unique challenges that can hinder their growth and efficiency. From the mining operations in the northern territories to the bustling start-ups nestled in small towns, these businesses require robust financial management solutions that cater to their specific needs.
For businesses operating in Northern Canada, tax planning is not merely an annual task but a strategic endeavor that requires careful consideration of regional tax incentives and compliance requirements. The unique economic landscape of Northern Canada, characterized by its remote location and distinct industry sectors, adds layers of complexity to financial strategy development.
