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Tax Checklist

Tax Slips:
• All T4 Slips
• All other information slips (T3, T5, T4E, T4A, T4AP)
• Employment Income
• Old Age Security and CPP benefits
• Other pensions and annuities
• Employment insurance benefits
• Social assistance payments
• Workers’ compensation benefits

• Interest and dividends
• Rent
• Receipt of support for a child or spouse or common-law
• RRSP income or withdrawals
• Receipt for professional or union dues
• Tools expenses
• Medical expenses
• Tuition/Education receipts for qualifying students
• Transit pass receipts
• Receipts for charitable donations
• Receipts for political contributions
• Child care expenses
• Adoption expenses
• Children’s sports programs
• Moving expenses
• Interest paid on student loans
• Carrying charges and interest expenses
• Automobile expenses
• Travel expenses
• Office-in-home expenses

Receipts & Documents
• Universal Child Care Benefit confirmation
• Disability Tax Credit application (T2201)
• Declaration of Conditions of Employment (T2200)
• Rental income & expense records
• Capital gains/losses records

Tax Tips

Many Canadians are looking abroad when adopting a child but it can be an expensive process. However, there is now some tax relief for adopting parents. You may claim a non-refundable tax credit for expenses relating to the adoption of a child up to a maximum of $10,445. The credit can only be claimed in the year the adoption is finalized but may include eligible expenses from previous years.

Turning 65 doesnít mean you canít contribute into an RRSP. The rules do allow you to contribute to your own RRSP up until the end of the year in which you turn 71, or to your spouse or common-law partner's RRSP. But remember, you will need available contribution room.

RSS News: Canada Revenue Agency

Interest rates for the fourth calendar quarter September 7, 2010
Minister Keith Ashfield announces the winners of the second CRA YouTube video contest August 6, 2010
Reminder: TFSA return deadline extended to August 3rd July 26, 2010