2017 Income Tax Checklist
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Employment Income | |
[__] Regular earnings | (All T4’s or pay stubs) |
[__] Odd jobs, tips | (Details or pay stubs) |
[__] Director’s fees | (T4’s or details) |
[__] Profit sharing income | (T4PS) |
[__] Any other employment benefits | (Full details) |
Pension, Retirement, Annuity Income | |
[__] Old Age Security | (T4A (OAS)) |
[__] Canada Pension | (T4A(P)) |
[__] Foreign | (Foreign slips) |
[__] Employment | (T4A) |
[__] Registered Retirement Income Fund | (T4RIF) |
[__] Withdrawal from a R.R.S.P. | (T4RSP, statements) |
[__] Annuity Payments | (Information slips) |
Investment Income | |
[__] Interest | (T5) |
[__] Term deposits or G.I.C.’s | (T5) |
[__] Mutual fund investment income | (T3) |
[__] Dividends-Canadian corporation | (T5) |
[__] Interest-Canada Savings Bonds | (T5, T600 or T600C) |
[__] Interest-joint account with spouse | (Details) |
[__] Interest-mortgage or other loans | (Details) |
[__] Foreign interest of dividends | (Foreign slips) |
[__] Interest-Treasury bills | (Details of transactions) |
[__] Royalty or other investment income | (Details) |
[__] Partnership income | (T5013) |
Income from Self Employment | |
[__] General | (All income and expenses) |
[__] Assets purchased-sold during year | (Details) |
[__] Any partners | (Names and shares) |
[__] Salary paid spouse | (Full amount paid) |
[__] Inventory | (Value of opening and closing) |
[__] Accounts receivable, payable | (Lists of each) |
Sale/Exchange OF Investments | |
[__] Stocks, bonds, trust units | (Broker statements) |
[__] Real estate and other properties | (Sale documents) |
Rental Income | |
[__] General | (Income and expenses) |
[__] New properties | (Sale agreement) |
[__] Rental of part of residence | (Details) |
[__] Change of use of rental property | (Details) |
[__] Sale of rental property | (Sale documents) |
Other Income | |
[__] Employment Insurance Benefits | (T4E) |
[__] WCB benefits | (T4, T5007) |
[__] Social assistance payments | (T5008) |
[__] Alimony or child support received | (All receipts) |
[__] Scholarships, bursaries | (T4A) |
[__] Universal Child Care Benefit | (RC62) |
Employment Related Expenses | |
[__] General – required by employer to pay | (T2200), Certain expense |
[__] Travel Auto | (Expenses and mileage) |
[__] Moving expenses | (Receipts) |
[__] Union or Association Dues | (Tax receipts) |
[__] Investment Expenses | |
[__] Safety deposit box use | (Receipt) |
[__] Accounting fees to record income | (Receipt or invoice) |
All other Deductions and Credits | |
[__] Alimony or separation allowance paid | (Receipts) |
[__] Tuition fees over $100 paid (post- secondary) | (T2202 or T2202A) |
[__] Registered Retirement Savings Plan | (Tax receipt) |
[__] Stocks/bonds rolled over into RRSP | (Tax receipt) |
[__] Donations to registered charities | (Tax receipt) |
[__] Unused prior year donations | (Details) |
[__] Amounts paid for child care | (Receipts) |
[__] Medical expenses for any 12 month Period ended in tax year |
(Receipt) |
[__] Political contributions paid | (Tax receipts) |
[__] Self or dependent attend University | (T2202 or T2202A) |
[__] Disability credit | (T2201 first year) |
[__] Incurred disability support costs | (T929) |
[__] Public transit passes | (Receipt or pass) |
[__] Children’s fitness credits (non-fitness activities such as chess, music) |
(Receipts) |
[__] Adoption expenses | (Details) |
First Time Home Buyers “HBTC” | |
[__] Purchased first home during the year | (Sale agreement) |
Tax Free Savings Account | |
[__] Made a contribution to a TFSA | (Contribution slips) |