Since things have changed the past few years and it is tax season again, here is an updated list from our old blog How to make your accountant happy this season.
Give your accountant/tax specialist the following documents
- your SIN., name as it appears on your SIN and your DOB.
- If you are married/common law the same for your spouse-and the total net income for applicable year.
- date of marital change
- Canadian status
- Any names and DOB for dependants
- All T slips including, T4. T4A, T2201, T5007, RC62, T2125
- childcare, daycare, medical and charitable donation
- mortgage statement and property tax statement or amount paid in rent
- Any Foreign property
- Any rental income, investment income or income of another origin
- student tuition if you paid (tuition transfer)
- Tips
- Any other income
- Repayment of covid benefits
- RRSP/RESP/RDSP
- Seniors Transit passes and Homeowner’s information
- Home Accessibility expenses
- Moving expenses
- Business Investments and losses
- Child support/spousal support paid/received
- Split income
- Digital news subscriptions
- if you are self employed
- info for primary vehicle for business purposes including, fuel, maintenance, insurance, registration, payments, and parking. How much of the use is for business? Make of vehicle
- All business expenses such as professional fees, insurance, advertising, meals and entertainment, shipping, business travel, telephone and utilities, office expenses, rent
- benefits and bad debts
- professional fees for services such as legal and accounting
- bank fees and interest paid on loans such as credit cards
- if you work from home how much of the home you use for work
- business number, HST number and any other business identification including name of business and business address
- a complete Profit Loss and balance sheet for each business you operate
