Canadian Checklist
2023 PERSONAL TAX CHECKLIST
Name: _________________________________________
Any changes to:
[ ] Name Provide details
[ ] Address Provide details
[ ] Email address Provide new one
[ ] Marital status Provide details (considered married if living common law)
[ ] New dependants Provide names, date of birth, SIN, income if applicable
[ ] Credits to be transferred to you Provide details (tuition, public transit, aqe, disability)
[ ] 2020's Assessment Notice from CRA Copy of all pages
[ ] Any reassessment notices received Copy of all pages
[ ] Any installments paid Copy of statement - T2DR
EMPLOYMENT INCOME
[ ] Regular earnings All T4's or pay slips
[ ] Odd jobs, tips Pay slips, details
[ ] Director's fees T4's or details
[ ] Profit sharing income T4PS slip
[ ] loans from employer Full details
[ ] Any other employment benefits Full details
PENSION, RETIREMENT, ANNUITY INCOME
[ ] Old Age Security T4A(OAS) slip
[ ] Canada Pension T4A(P)
[ ] Foreign (eq. U.S. Social Security) Details, foreign slips
[ ] Employment (including retiring allowance) T4A
[ ] Registered Retirement Income Fund T4RIF
[ ] Withdrawal from a R.R.S.P. T4RSP slips, details
[ ] Annuity Payments Full details, information slips
[ ] Other Details
INVESTMENT INCOME
[ ] Interest T5 slips or pass books
[ ] Term deposits or G.I.C.'s T5 slips or details
[ ] Mutual fund investment income T3 slips or statements
[ ] Dividends - Canadian corporation T5 slips
[ ] Interest - Canada Savings Bonds T5, T600 or T600C slips (Details if no slips – for accrual)
[ ] Interest - joint account with spouse Details of split
[ ] Interest - mortgage or other loans Details, amortization schedule
[ ] Foreign interest or dividends foreign slips or details
[ ] Interest - Treasury bills Full details of transactions
[ ] Royalty or other investment income details
[ ] Partnership income T5013
[ ] Other T5008 or other information
INCOME FROM SELF EMPLOYMENT
[ ] General Record of all revenues & expenses
[ ] Assets purchased, sold during year dates, descriptions, details
[ ] Any partners Name(s) and share(s)
[ ] Salary paid spouse Details of work done
[ ] Inventory Value of closing inventory
[ ] Accounts receivable, payables List of each
[ ] Any special elections in prior years Details
SALE/EXCHANGE OF INVESTMENTS
[ ] Stocks, bonds, trust units Transaction slips/details, broker statements (for any month with a transaction, plus for month of
December), information circular (for takeovers, share exchanges, reorganizations, etc.)
[ ] Real estate and other properties Sale documents, details of purchase
[ ] Any properties gifted to others Full details
[ ] Elections in Prior Years(s) Full details
[ ] Prior year Reserves Full details
RENTAL INCOME
[ ] General Details of all revenue & expenses
[ ] New properties Purchase agreement & details
[ ] Rental of part of residence Details of split
[ ] Change of use of rental property Date and details
[ ] Sale of rental property Sale documents and details of purchase
OTHER INCOME
[ ] Employment Insurance Benefits T4E Slip
[ ] WCB benefits T4, T5007, details
[ ] Social assistance payments Full details, slips
[ ] Alimony or child support received Full details
[ ] Scholarships, bursaries Details, T4A slip(s)
[ ] Universal Child Care Benefit RC62 slip
[ ] Other Full details
EMPLOYMENT RELATED EXPENSES
[ ] General - required by employer to pay Form T2200
Certain expenses
[ ] Travel Auto Records of expenses and calculation of business
mileage
[ ] Moving expenses Details of charges
[ ] Other expenses Details of charges
[ ] Transport employees Form TL2
[ ] Union or Association Dues Official tax receipts
INVESTMENT EXPENSES
[ ] Borrow money to earn investment income Record of interest paid
[ ] Borrowed on margin account (stocks) Records from broker
[ ] Safety deposit box use Record of charges
[ ] Accounting fees to record income Details of charges
[ ] Investment counsel and investment management fees Details of charges
[ ] Tax shelters Purchase documents
LIFETIME CAPITAL GAINS DEDUCTION
[ ] Assets that would still qualify to claim the enhanced Complete details, as follows - date acquired, cost
$750,000 capital gains deduction (for example, and value Dec 31/71 (if owned before that date)
ALL OTHER DEDUCTIONS AND
CREDITS
[ ] Alimony or separation allowance paid Record of payment & details
[ ] Tuition fees over $100 paid (post-secondary) Official tax receipt(s)
[ ] Registered Retirement Savings Plan Official tax receipt
[ ] Stocks/bonds rolled over into RRSP Official tax receipt, details
[ ] Donations to registered charities Official tax receipts
[ ] Unused prior year donations Full details
[ ] Amounts paid for child care Details of payments
[ ] Medical Expenses for any 12 month period ended in tax
year, including private insurance (i.e. Blue Cross, travel
Receipts, details health ins.) premiums and amounts deducted from your pay cheque for same
[ ] Political Contributions paid Official tax receipts
[ ] Loss on shares of or loss on loans to a private company Full details
[ ] Self or dependent attend University Form T2202 of T2202A
[ ] Disability Credit Form T2201 (first year)
[ ] Incurred disability support costs Full details, Form T929
[ ] Contribute to support of relative Full details
[ ] Parent or parents (over 65) live with you Full details
[ ] Non resident dependants supported Full details
[ ] Oil & Gas, Mining investments Full details
[ ] Canadian Feature Films, Videos Full details
[ ] Public transit passes Receipts
[ ] Children's fitness credits / non-fitness activities such as chess, music Receipts
[ ] Adoption expenses Full details
[ ] Other, if not mentioned Full details
FOREIGN REPORTING REQUIREMENTS &
MISCELLANEOUS
[ ] Please fill out the banking spreadsheet.
[ ] Received any funds from a foreign trust after 1995, have ever
Transferred or loaned property to a foreign trust.
Full details - discuss situation
[ ] Own over 1 % of a foreign corporation or trust, and together with related parties own over 10% Full details - discuss situation
[ ] Owned assets outside Canada with a cost in excess of 100,000(Canadian funds) during the year. Full details - discuss situation
[ ] Became or ceased to be a resident of Canada during the year Date of status change
FIRST TIME HOME BUYER “HBTC”
[ ] Purchased first home during the year Details of purchase
TAX FREE SAVINGS ACCOUNT
[ ] Please let us know if you own and/or made a contribution to a TFSA.
Last Updated Monday, January 29 2024 @ 12:08 PM PST|14,192 Hits 
