- T2 Corporate Tax Returns
- T1 - T2125 - Sole Proprietorship Tax Returns
- T1 Personal Tax Returns
CHECK LISTS
T1 – Personal Tax Returns
T1 – T2125
Sole Proprietorship Tax Returns
T2 – Corporate Tax Returns
- T4 slips (Employment income)
- Employment insurance benefits (T4E)
- Repayments of COVID-19 benefits
- Interest, dividends, mutual funds (T3, T5, T5008)
- T2202 Tuition and Enrollment Certificate
- Old Age Security and CPP benefits (T4A-OAS, T4AP)
- Other pensions and annuities (T4A)
- Social assistance payments (T5007)
- Workers’ compensation benefits (T5007)
- Advance Canada Workers Benefit (CWB) payments (RC210)
- Workers’ compensation benefits (T5007)
- T4FHSA First Home Savings Account Statement
- All other information slips
Other documentation
- Notice of Assessment/Reassessment
- Canada Revenue Agency correspondence
- Sale of principal residence
- Sale or deemed sale of stocks, bonds or real estate
- Northern residents deductions receipts
- Rental income and expense receipts
- Business, farm or fishing income/expenses
- Automobile/Travel logbook and expenses
- Disability Tax Credit Certificate
- Declaration of Conditions of Employment (T2200)
- Volunteer Firefighters certification
- Search and Rescue volunteers certification
- Written certification for eligible educator school supplies
Receipts
- RRSP contribution receipts
- Support for a child, spouse or common-law partner
- Professional or union dues
- Tool expenses (Tradespersons & apprentice mechanics)
- Labour Mobility Deduction for Tradespeople
- Office-in-home expenses
- Other employment expenses
- Teacher’s school supplies
- Medical expenses
- Home renovations (seniors and disabled)
- Multigenerational home renovation tax credit
- Charitable donations
- Political contributions
- Childcare expenses
- Adoption expenses
- Moving expenses
- Interest paid on student loans
- Carrying charges and interest expenses
- Exams for professional certification
- Digital news subscription
- Gross Income or Professional Income
- COGS
- Advertising
- Meals and entertainment
- Bad debts
- Insurance
- Interest and bank charges
- Business taxes, licences and memberships
- Office expenses
- Office stationery and supplies
- Professional fees (includes legal and accounting fees)
- Management and administration fees
- Rent
- Repairs and maintenance
- Salaries, wages and benefits (including employer’s contributions)
- Property taxes
- Travel expenses
- Utilities
- Fuel costs (except for motor vehicles)
- Delivery, freight and express
- Motor vehicle expenses (not including CCA) (amount 16 of Chart A)
- Capital cost allowance (CCA). Enter amount ii of Area A minus any personal part and any
CCA for business-use-of-home expense - Other expenses (specify):
Other documentation
- Notice of Assessment/Reassessment
- Canada Revenue Agency correspondence
- Sale of principal residence
- Sale or deemed sale of stocks, bonds or real estate
- Northern residents deductions receipts
- Rental income and expense receipts
- Business, farm or fishing income/expenses
- Automobile/Travel logbook and expenses
- Disability Tax Credit Certificate
- Declaration of Conditions of Employment (T2200)
- Volunteer Firefighters certification
- Search and Rescue volunteers certification
- Written certification for eligible educator school supplies
Receipts
- RRSP contribution receipts
- Support for a child, spouse or common-law partner
- Professional or union dues
- Tool expenses (Tradespersons & apprentice mechanics)
- Labour Mobility Deduction for Tradespeople
- Office-in-home expenses
- Other employment expenses
- Teacher’s school supplies
- Medical expenses
- Home renovations (seniors and disabled)
- Multigenerational home renovation tax credit
- Charitable donations
- Political contributions
- Childcare expenses
- Adoption expenses
- Moving expenses
- Interest paid on student loans
- Carrying charges and interest expenses
- Exams for professional certification
- Digital news subscription
- Adjusted Trial Blance
General
- Last Year’s Tax Return (If This Is Our First Year)
- Last Year’s Notice of Assessment (NOA)
- Details Of Changes in Directors or change in shareholding
- Details in case of Amalgamation, Merger or conversion or new related or associated corporation
- Amounts Paid By Tax Instalments.
Financial Documents:
- Backup of Accounting Software
- Bank Statements/ Reconciliation
- Property, Plant & equipment – Addition, Disposal
- Mortgage documents, loan or lease documents
- Sales register
- Payroll Summary and returns
- GST/HST returns
Vehicle Expense
- Total Kms/Miles Driven During the Year
- Kms for Business Use
- Auto Gas/Fuel
- Auto Repairs and Maintenance
- Auto Parking
- Insurance
- License
- Auto Loan Interest
- Leasing Costs
Home Expense
- Space (Sq. Ft.) Used For Business
- Total Sq. Ft. Of Home for Business Use
- Mortgage Interest from Annual Mortgage Statement
- Rental Income
- Utilities (Heat, Hydro, Water)
- Condominium Fees
- Property Taxes
- Any Maintenance Expenses
Other documentation
- Preparing T2 – Sch 200, Identification section and importing GIFI – Sch 100, 125,141
- Schedule 1 – Accounting income vs. Taxable income, deductible vs. non-deductible items
- Schedule 2 – Charitable donations and gifts
- Schedule 3 – Portfolio, connected and non-connected dividends received, Part IV tax, RDTOH, and Capital dividends
- Schedule 4 – Capital and non-capital loss carry back request and loss carry forward
- Schedule 6 – Disposition of capital property i.e. shares, bonds, real estate; calculation of capital gain/loss
- Schedule 7 – Aggregate investment income vs. Active Business Income; Additional refundable tax on passive income i.e. interest income & rental income
- Schedule 8 – CCA Classes, Calculation of CCA deduction, recapture, and terminal loss
- Schedule 9 & 23 – Related and Associated Corporations; Sharing of SBD limit
- Schedule 50 – Shareholder Information