CloudTax wants you to get every deduction and tax credit you are entitled to. So, before getting started on your tax return, get all the income records and receipts together. Here’s a checklist for before filing your tax return.
Canadian Individual Taxpayer Checklist before filing your tax return
T4 slips (for employment income)
Employment insurance (EI) benefits (form T4E)
Interest, dividends and mutual funds (forms T3, T5, T5008)
Tuition and education receipts (form T2202A)
Universal Child Care Benefit (form RC62)
CPP Benefits and Old Age Security (Forms T4AP and T4A-OAS)
Other pensions or annuities (form T4A)
Social assistance payments (form T5007)
Workers’ compensation benefits (form T5007)
Other information slips
RRSP contribution receipts
Support for a child, spouse or common-law partner
Professional and union dues
Tools expense (for Tradespersons and apprentice mechanics)
Transit passes (receipts)
Charitable donation receipts
Political contribution receipts
Childcare expense receipts
Adoption expense receipts
Arts and sports programs for children
Interest on student loans
Carrying charges or interest expenses
Home Office expenses
Professional certification exams
NOA (Notice of Assessment/Reassessment)
Any previous CRA correspondence
Sales or deemed sales of stocks, bonds or real estate
Receipts for Northern resident deductions
Rental income and expenses
Business, farm and fishing income and expenses
Automobile Travel logbook and expense receipts
Disability Tax Credit Certificate
Declaration of Conditions of Employment (form T2200)
Volunteer Firefighter certification
Search and Rescue volunteer certification
Custody Arrangements documentation
When it’s time to prepare your Canadian personal tax return, the details can be overwhelming. And, create problems to delay your tax refund. So, using CloudTax to keep track of all your detailed information makes it all easier. Then, you organize your paperwork and use this checklist to ensure you have everything ready to get started.
Personal Information Checklist before filing your tax return
If you changed your marital status, your name or you moved since filing last year, first update that information with CRA. Make the changes instantly online in your CRA MyAccount. Some changes, like changing both your first and last names at the same time, mean you must contact CRA directly.
Have the following close by (NOTE: next year CloudTax will carry-forward the information for you)
• Social Insurance Numbers
• Dates of birth for every family member
• Net income amounts for anyone you claim credits like the Canada Caregiver Amount, and others which CloudTax oversees for you.
• Instalment payments
• Notice of Assessments from last year
If you have unused losses or credits to apply, have last year’s return and your NOA handy.
CloudTax saves your progress as you go along. So, if you do need to find some paperwork, you can come back to complete your taxes. Get every deduction and tax credit you are entitled to. But before you begin working on your tax return, use this checklist before filing your tax return.