2018 Personal Tax Return Checklist

Personal Tax Return deadlines are fast approaching – do you know what you need to file your  personal taxes? If not, no need to worry – Senathi & Associates Professional Corporation has put together a list of all the essentials you’ll need to make the greatest savings this year’s personal tax. Take a look below!

TAX SLIPS

• T3 – Allocations or distributions from trusts (including segregated funds, mutual funds, and exchange- traded funds)
• T4 – Employment income
• T4RSP – Registered Retirement Savings Plan (RRSP) income
• T4RIF – Registered Retirement Income Fund income
• T4A – Pension, retirement, annuity, and other income (including Registered Education Savings Plan payments and self-employed commissions)
• T4A(OAS) – Old Age Security Pension Benefits
• T4A(P) – Canada Pension Plan Benefits
• T4E – Employment Insurance Benefits
• T5 – Investment income (including distributions from corporate class mutual funds and interest received from bank accounts)
• T5007 – Workers’ compensation / social assistance benefits
• T5008 – Statement of Securities Transactions
• T5013 – Partnership income
• T101 – Resource expenses

DEDUCTIONS & CREDITS:

• RRSP contributions (up until March 1, 2019)
• Investment expenses
• Investment loan expenses
• Moving expenses
• Medical expenses
• Charitable & political donations
• Child care expenses
• Adoption expenses
• Child support and alimony payments
• Tuition or examinations fees
• Student loan interest
• Professional and union dues
• Car / travel logbook and expenses
• Rent / property tax (in certain provinces)

GENERAL INFO:

• Previous year’s tax return(s)
• Previous year’s Notice of Assessment
• Tax instalment payments
• Any reassessments or other correspondence received from CRA

CARRYFORWARD AMOUNTS:

• RRSP contributions
• Moving expenses
• Charitable donations
• Tuition, education, and textbook amounts
• Student loan interest
• Capital losses