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At TriDelt
a Financial we believe that people should structure their adult life by having a few key professional partners to guide them wisely. These include finding a good doctor, dentist, certainly a lawyer, sometimes an accountant, a good wealth advisor and few others such as a trusted and efficient tax return expert.
There are many firms that help individuals with their personal taxes. One firm that we like is Shoebox Tax Prep.
We asked them to provide a checklist to assist with your tax preparation:
- Employment Income – T4
- Employment expenses: T2200 / Auto / Home Office / Tools / Other
- Employment Insurance
- Self-Employment Income: Auto/ Home Office / Other
- Pensions: OAS / CPP / Employer / RIF / Foreign / Other
- Indicate whether you wish to split pension income with spouse to reduce combined income tax:
Yes______ No______ - Universal Child Care Benefits – RC62
- Investment Income: Interest / Dividends / Bonds / Foreign / Other
% split with spouse _____ - Capital Gains / Losses
- Carrying Charges: Investment loan interest $________
Safety deposit box $_________
Investment Management fees $__________ - Rental Property (attach details of income, expenses, purchases and sales)
- Support/Alimony
- Other Income (e.g., stock options, annuities, scholarships, bursaries, research grants, RRSPs – attach T4RSP, Workers’ Compensation benefits).
- RRSP contributions / room limits / carryforwards / transfers / Home Buyers / Lifelong Learning
- Union/Professional fees
- Child care expense
- Moving expenses
- Tuition Fees: for self or transfer from dependent
- Charitable donations
- Medical expenses
- Eligible for Disability
- Children’s Fitness/Arts Receipts
- Ontario Activity Amount
- Adoption expenses
- Public Transit Passes
- Student Loan Interest
- Property Taxes or Rent paid
- Installments
- Notice of Assessment/Reassessment for previous year
Please contact us at 416-450-5904 with all your personal income tax questions, we are happy to help.
Checklist provided by Sandra Janicki of Shoebox Tax Prep
