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Year End Checklist

GENERAL
 

  • Your personal tax labels.

  • Copies of any assessment / reassessment notices you have received during the year.


PERSONAL INFORMATION
 

  • Information regarding change of name, address, marital status and/or dependants during the year;

  • Any new social insurance numbers for your family members; 

  • Income for dependants for the year; 

  • Tuition and Education Deduction slips (form T2202A) for dependants transferring their deductions to you signed by the dependant on the back where shown; 

  • Support payments to separated or ex-spouses and a breakdown between child support and spousal support paid; 

  • Payments made for other dependant relatives. 


INFORMATION SLIPS
 

  • Employment Income - T4;

  • Investment Income - T5; 

  • Trust Income (usually mutual funds) - T3 (Careful: These do not have to be mailed to you until March 31); 

  • Canada Pension Plan - T4A(P); 

  • Old Age Security - T4A(OAS);

  • Alberta Seniors Benefit - T5007;

  • Annuity Income - T4A;

  • RRSP withdrawals - T4RSP;

  • RIF withdrawals - T4RIF;

  • Other Pension Income - T4A;

  • Canada Savings Bonds - T5 or T600;

  • Other Income (honorarium, patronage allocations, directors' fees, etc.) - T4A.


SELF-EMPLOYED INCOME (e.g. Business, Professional and Farm)
 

  • Income and expenses for the year;

  • Copies of invoices for capital assets (equipment) additions and sales;

  • For farmers, market value of farm inventory on hand at year end (e.g. animals, feed supplies, fertilizer, gas, etc.);

  • For farmers, details of purchased inventory on hand at year end (i.e. description, registered or not for cattle, year purchased and original cost);

  • For business - cost of consumable inventory on hand;

  • For business - list of accounts receivable and accounts payable at year end.


OTHER INCOME NOT INCLUDED ABOVE
 

  • Information on such. This would include income from items listed in #3 for which no information slip was received.


INVESTMENTS SALES
 

  • Date purchased;

  • Cost including commission;

  • Proceeds;

  • Commission paid on sale.


REGISTERED RETIREMENT SAVINGS PLAN
 

  • Slip regarding required repayment if you withdrew funds under the RRSP Home Buyers Plan;

  • RRSP contribution slips including contributions to March 1. 


OTHER EXPENSES

Receipts for:

  • Union/professional dues;

  • Child care expenses - include name, address and SIN of daycare or caregiver;

  • Moving expenses - including cost to sell old house, and legal fees to acquire new house, also any reimbursement of your moving expenses by your employer;

  • Interest paid on student loans;

  • Tuition and education amounts for yourself or your spouse (Form T2202A);

  • Medical expenses;

  • Charitable donations;

  • Political donations;

  • Employment Insurance repaid;

  • Interest on loans for investment purposes;

  • Government student loan interest receipts;


TAX INSTALMENTS
 

  • Slips for instalment payments made for the current taxation year.


FOREIGN REPORTING

Did you own foreign property at any time in the year with a total cost of more than $100,000 CDN..?

If so, please provide details of these investments.

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