Corporate and Personal Tax Returns

Wondering what we need in order to prepare your corporation’s annual financial statements and income tax returns, or your personal income tax returns?

PERSONAL TAX RETURN LIST

Click Personal Tax List for a printable version

Following is a checklist that can be used to ensure you have gathered all the necessary information for us to complete your personal income tax return:

INCOME

  • T-4 slips (salaries and wages)
  • T-4A slips (pensions, CPP, OAS and other)
  • T-4E slips (unemployment insurance benefits)
  • T-5/T600 slips (interest and dividends)
  • T-3 slips (estates, trusts and mutual funds)
  • Rental income and expenses, sale of your principal residence or other property
  • Self-employment income and expenses (business, professional, farming, fishing etc.)
  • Other income (RRSP, RPP, RRIF, annuity, alimony received, interest received, WSIB, death benefits, scholarships, grants, bursaries, social assistance, etc.)

DEDUCTIONS/CREDITS

  • RRSP receipts
  • Tuition receipts
  • Union, professional dues
  • Child care expenses (S.I.N., name and address of sitter)
  • Fees paid for adopting a child
  • Moving expenses
  • Donations
  • Medical expenses
  • Education deduction slip T2202 (self or dependent, signed by dependent as permission to transfer credit)
  • Employment expense form T2200 or TL2 (signed by employer)
  • Other deductions (carrying charges, safety deposit box, investment council fee, interest, alimony paid)
  • Political contributions
  • Amount of property taxes paid in the year
  • Receipt for rent paid in the year showing to whom paid and address

OTHER

  • Income tax instalments, final statement indicating total for the year
  • Notice of assessment for the previous tax year
  • Investment transaction summaries (including mutual fund statements & brokers’ statements)

CORPORATE TAX RETURN LIST

Click Corporate Tax List for a printable version

  • Bank statements for the final month of your fiscal year and the first month following the year end
  • Bank reconciliation at year end
  • Listing of aged accounts receivable by customer
  • Inventory listing or amount
  • Investment statements for the year
  • Invoices for major capital asset additions in the year
  • Listing of aged accounts payable by vendor
  • Bank debt and other long-term loan statements at year end
  • Federal and Provincial income tax notice of assessments
  • Federal and Provincial income tax statements of account for the most recent date
  • Copy of final GST & PST (if applicable) returns for the year
  • Copies of insurance invoices for the year
  • Backup of Quickbooks file (if applicable) (indicate username and password)