© 2016 by Milennium Tax Services.  

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TAX CHECKLIST

Use our tax checklist to make sure nothing is missed when you're preparing your tax documents. Contact us if you have questions. We are your solution.

General Items

  • Previous years notice of assessment

  • Note changes to personal status (i.e. birth, marriage,saparation, new address, disabilities, etc)

  • T4A(P) Canadian Pension Plan Benefits

  • Pension income (T4A)

  • T4 RIF

  • T4 (employment)

  • T4A (commisions and self-employed)

  • T4E (employment insurance)

  • T4OAS (old age security)

  • T5 (investment income)

  • T3 (income from trust)

  • T5007 (workers' compensation/social assistance payments)

  • T5013 (partnership income)

  • Documents re: sale of investments/real estate

  • T4RSP (retirement savings plan income)

  • RRSP contribution slips

  • Medical receipts

  • Charitable donations

  • Tuition fees/education amount

  • Interest paid on student loans

  • Professional dues/union dues

  • Details on foreign property holdings

  • Carrying costs loan interest (loans must be for income producing purposes)

  • Safety deposit box fees 

  • Professional consultants' fees

  • Spousal support income/payments

  • Separation agreement (if it's first year)

  • Dependent information (i.e. children, elderly parent, new spouse, etc.)

  • Copy of last years return (new clients)

  • Child care information

  • Property taxes/rent paid and to whom

  • Moving expenses

  • Political contribution receipts

  • T2201 Disability tax credit claim form (completed by doctor, first year or renewal)

  • Tax installments paid in year (receipts required)

  • RRSP homebuyer and education withdrawal information

Business Income,

Self-employed Income, Commission Expenses

  • Revenue and expenses for the year

  • Asset additions

  • Business use of home - %

  • Business use of auto - km.

  • Form T2200 from employer (declaration of conditions of employment)

  • Details of apprentice tool costs in year

  • Auto operating costs

  • Advertising costs

  • Truckers (TL2)

Rental Property

  • Address and number of units

  • Additions to assets

  • Current UCC of property as of Jan 1

  • Annual rent received per unit

  • Mortgage interest

  • Property taxes paid/utilities

  • Repairs and maintenance costs

  • Renovation costs

  • Insurance

  • Other rental costs