Your Ultimate Tax Checklist

It is that time of year again… tax season! If you are like most people, doing taxes is something you view as a dreaded task or you procrastinate doing. Do not fear, we have a helpful Tax Season Checklist to make doing your taxes easier to organize. This list will outline all the things we could need from you in order to prepare your income tax return.

Tax Slips

T4 slips (Employment income)
T4e Employment Insurance benefits
T4A (other pensions, annuities, and certain scholarships)
T4AP (CPP benefits)
T4 RSP (RRSP income)
T4 RIF (RRIF income)
T4 A-OAS (old age security)
T3 (Mutual Funds, REITs, ETFs)
T5 (investment income – interest, dividends, certain capital gains)
RC62 (Universal Child Care benefits)
T5007 (Social assistance payments/Worker’s compensation benefits)
T2202A (Tuition/education receipts)
T5031 (partnership income)
T2200 (Condition of employment/allowable employment expenses)
All other information slips

Receipts

RRSP contribution slips
Medical expenses
Support for a child, spouse, or common-law partner
Transit pass receipts
Charitable donations
Office-in-home expenses
Moving expenses (including realtor’s commissions)
Exams for professional certification
Carrying charges and interest expenses
Other interest expenses
Political contributions
Childcare expenses
Adoption expenses
Children’s arts and sports expenses
Tool expenses (tradesperson)
Interest paid on your student loans
Professional or union dues
Attendant Expenses for the disabled person
Other Documentation
Notice of Assessment/Reassessment
CRA Correspondence
Amounts you have paid in tax installments
Rental income and expenses
The sale or deemed sale of stocks, bonds, real estate, etc.
Disability tax credit certificate
Business, farm, or fishing income or expenses
Northern resident’s deduction receipts
Commission employee expenses
Automobile/Travel logbook and expenses (self-employed and commissioned employees)
Volunteer firefighter’s certification
Graduate Retention Certificate
Search and rescue volunteer certificate
Legal expenses to collect alimony, pension, or retirement allowances

Meet The Synergy Business Solutions Team!

LINDA HENDERSON

"My journey as an entrepreneur started in 2011. Previous to that, I worked for 25 odd years for others. My thank you gift for years of services was to be FIRED! This was a devastating day for me and left me reeling from everything that I knew to be true. My career was at an all-time low.

As it turned out, my devastating day turned out to be the beginning of great days. One of the shareholders of Petrotag approached me regarding purchasing the company. My background was primarily in bookkeeping, with some sales and management. I was definitely interested but had a huge learning curve ahead of me. This was a highly technical company that manufactured, installed and serviced tank monitoring in the oil and gas industry. But I really wanted to try it on my own, so we purchased Petrotag Technologies Inc. in the fall of 2011. The purchase price had a 5-year plan to pay it off. By adjusting some low-hanging fruit, we paid it off in 1.5 years!"

DANIELLE ROBSON

At age 18, Danielle Robson was living in Alberta and going to university, with plans to become a lawyer. Her best friend’s dad owned several Tim Hortons franchises in Edmonton and one of Danielle’s jobs was working for him. He recognized something special about Danielle and threw out the idea that she should apply for her own store. With support from her family, they did, and three weeks later, in June 2003, they had their first Tim Hortons store in Saskatoon, on Fairlight Drive.

Fast forward 15 years, and “Hurricane Dani” shows no signs of slowing down, having just opened its tenth Tim Hortons store. They also own two Mr. Mikes restaurants. With over 300 employees and a young family at home with three kids under age 10, what drives Danielle Robson? Talking with Danielle, she’ll admit she thrives in chaos and jokes that if she wasn’t having a baby or opening a store, she would be bored. Her definition of boredom is different from most people’s.

Synergy Business Solutions strive to create a supportive consulting environment for Saskatchewan-based business owners seeking to improve their personal and professional growth.

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