Canadian Personal Income Tax Checklist

Name :
Spouse's Name:
SIN:
Spouse's SIN:
Birth date:
Spouse's birth date:
Address:
Address:
City, Postal Code:

Forms Enclosed:

Please check off () all the items that are relevant to your tax return.

Document:
  I wish to have personal information passed on to Elections Canada
  Income Tax Installments Paid (and receipt) $__________
  RRSP Receipts Contributions to Februrary $__________
  Prior year “Notice of Assessment” And/or other Reassessments from CCRA
  T4 Employment income - wages/salary
  T4A(OAS)/T4A(P) Old Age Security Pension / CPP Pension
  T4A Pension/Annuity/Other income
  T3 Mutual fund and trust income
  T5 Interest, dividend, and other investment income
  T4E Employment insurance income
  T5013, T5003, T102, T101 Tax Shelter information
  T5007 (Statement of Benefits) WCB, Social or other assistance received
  T5008 Statement of securities sold
  T2200 (signed by employer) If you are deducting employment expenses
  T2202/T2202A Tuition fees/Education deduction
  Charitable donation receipts (must have registration number), political donation receipts
  Medical Expenses, including premiums, dental, drugs and glasses
  Disability tax credit form signed by a physician
  Other (Interest paid on student loans, etc)

Other Income and Deductions Attached Coming N/A
Alimony/Child Support:
Amount paid or received and the name, address, and SIN of the recipient.
Were the terms of your agreement changed during the year?(Provide a copy if agreement is new/updated in )		      
Capital Gains:
Equity sale details		      
Investment Income:
Please list issue/maturity date, face amount and series if applicable of CSB's, long-term GIC's, strip bonds etc. You may have to report interest on an annual basis even if no cash was received.		      
Investment Expenses:
Please list carrying charges and interest paid to earn income from investments (including safety deposit box and investment counsel fees)		      
Rental Income:
Please provide details of income and expenses from rental properties including mortgage interest, property taxes, utilities, repairs and maintenance, insurance, and advertising. (attach details of any purchase and/or sale of properties).		      
Rent or Property Taxes Paid on Your Residence:
Please include name of landlord or municipality.		      
Union or Professional Dues Paid:
Please include receipt.		      
Moving Expenses:
Please include details including dates and amounts.Note if your employer reimbursed any items.		      

Child Care Expenses:
Please include:

  • Name, address and amounts paid
  • SIN of individual daycare providers
  • Details on # of weeks if payment is for camp fees
      

Foreign Property

The "Foreign Income Verification Rule" requires that you report specified foreign property/assets costing over $100,000 (Cdn).

Specified foreign property includes:
  • Foreign bank accounts and deposits
  • Shares/Debt of foreign corporations
  • Tangible property outside of Canada
  • Any interest in a non-resident trust
  • Debt owed by a non-resident person

Penalties are severe so it is critical that we discuss these details if you think these rules apply to you.

BUSINESS INCOME CHECKLIST
(Also used for employment/commission expenses)

This checklist is to be used as a guide (use a copy for each business) in order to help you organize your business transactions. Please provide the totals wherever possible. If you have financial statements for your business we will use those to complete your return and it is only necessary to complete the auto and home office portions. Call us for clarification.

Name of Business:  
Main product or service:  
Business Number:  
Attach details of GST paid/GST returns for the year:  
NOTE: Are there any items which you are unsure about or may be questionable?



REVENUE:
Sales, commissions etc. (Total before GST)		 $__________
GST charged on revenue in the year: $__________

EXPENSES:
Do not include GST paid (Input Tax Credits) (Unless you are not registered or use the quick method)

1. Automobile Expenses:  
Gas and oil: Repairs and maintenance:
Insurance: Lease payments:
Interest and finance charges: Parking:
Licence, dues and fees:

Odometer at:

 beginning of year: _________
end of year: ______________
Vehicle:
Make/Model/Year:
Date Purchased/Leased:
Original Cost of Vehicle/ MSL Price (if leased):
Portion Used for Business (or % if known):
________________/________________
"Business KM" divided by "Total KM"

2. Specific Expenses Used in Your Business:
(See also Revenue Canada's "Business and Professional Income" guide)

Material purchased for re-sale:

Amount still on hand at year-end :

 Office expenses (Phone, fax, supplies)

Sub-contracting paid:

 Interest and bank charges:
Advertising:

 Meals, entertainment and sports tickets:
Membership dues, fees, licences and subscriptions:

 Delivery and freight:
Other expenses :

  





3. Equipment, Computers and Capital Purchases
Type of Asset:

    
Amount Paid and Date (GST included Y/N):

    
GST Paid:

    

4. Home Office Expenses:
(Personal expenses used partly for business)

Mortgage interest:

 Property taxes:

Heat (Gas/Oil/Wood):

 Electricity:
Repairs, cleaning, landscaping and supplies:
 Insurance:
Portion Used for Business (%) 
__________________/_________________
"Business space" divided by "Total space"

This is not intended as a complete checklist; if in doubt, bring your documents.
Please call if you need help, or require explanations concerning this information.

Robert Mashohn, CMA
Box # 36069 Hillcrest Village PO
Surrey, BC V3S 7Y5
Tel: (604) 514-7920

E-mail: robert@pbmanagement.ca