2017 Income Tax Checklist
If you would like to download a PDF of this checklist please click here
| 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) |