Before you make an appointment to see us, you may want to go through this list of possible receipts that you may need to prepare your personal and/or small business income tax.  Should you have a question, please do not hesitate contacting us.

Slips                      

• All T4 slips (Employment income)
• Employment insurance benefits (T4E)
• Interest, dividends, mutual funds (T3, T5)
• 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)
• Self-employed income documentation (T4A)
• All other information slips

Contact us for more information and advise

Receipts

• RRSP contribution slip
• Support for a child, spouse or common-law partner
• Professional or union dues
• Tool expenses (Tradespersons)
• Medical expenses
• Transit pass receipts
• Charitable donations
• Political contributions
• Child care expenses
• Children’s arts and sports programs
• Moving expenses
• Interest paid on student loans
• Carrying charges and interest expenses
• Office -in-home expenses
• Bank safety deposit box
•  ________________________________________

Contact us for more information and advise

Other documentation

• Notice of Assessment/Reassessment
• Canada Revenue Agency correspondence
• Sale or deemed sale of stocks, bonds or real estate
• Northern residents deductions
• Rental income and expense records
• Business, farm or fishing income/expenses
• Automobile / Travel logbook and expenses
• Disability Tax Credit Certificate
• Declaration of Conditions of Employment (T2200)
•  ________________________________________

Contact us for more information and advise

Business expenses

As a rule, you can deduct any reasonable current expense you paid or will have to pay to earn business income on the same year.  Although there is no exhaustive list of business expenses for all possible business, most expenses would fall under the following list:

• Advertising
• Allowance on eligible capital property
• Bad debts
• Business start-up costs
• Business tax, fees, licenses, dues, memberships, and subscriptions
• Business-use-of-home expenses
• Capital cost allowance
• Current or capital expenses
• Delivery, freight, and express
• Fuel costs (except for motor vehicles)
• Insurance
• Interest
• Legal, accounting, and other professional fees
• Maintenance and repairs
• Management and administration fees
• Meals and entertainment (allowable part only)
• Motor vehicle expenses
• Office expenses
• Prepaid expenses
• Property taxes
• Rent
• Salaries, wages, and benefits (including employer’s contributions)
• Supplies
• Telephone and utilities
• Travel

We will be glad to answer any question that you make have and look forward to assist you with your tax needs.

Contact us for more information and advise.