• 2021 Personal Income Tax Return Checklist

  • Complete the checklist and click "Submit" on the final page. If you prefer to submit the checklist to us on paper with your documentation, you will have the option to "Print" instead of submitting online.

    This checklist can either be completed as an individual or as a couple. If you have adult children or dependents, they must submit a separate form. Some fields are visible only if the applicable boxes are checked.

    DO NOT SUBMIT THIS FORM IF YOU ARE NOT OUR CLIENT.

  • General Information

  • You are considered "common law" if you are in a relationship for more than 12 consecutive months or have a child with your partner and living together.

  • If we are not preparing your spouse or common-law partner's personal tax return, please provide their personal tax return for review and tax planning.

  • Only one person per family (you or your spouse) can claim the CAI payment. If we are not filing the tax return for your spouse, ask if they have claimed the CAI for the family. By default we will not claim it until this information is confirmed to us.

  • If you lived or worked in another province as of the end of the year, you may be considered resident of the other province. Consider your residential ties (factors to consider are similar for federal tax and provincial purposes)

  • PLEASE FILL OUT A SEPARATE CHECKLIST FOR EACH ADULT CHILD OR DEPENDANT.

  • Dependant: parent, grandparent, grandchild, brother or sister by blood, marriage or common relationship. 

  • Eligible dependant criteria

  • Individual Checklist

  • Foreign Taxes & Principal Residence

  • PLEASE CONTACT OUR OFFICE TO DISCUSS YOUR CIRCUMSTANCES.

  • PLEASE PROVIDE DETAILS.

  • If foreign properties were sold during the year, there are still reporting requirements. Property cost is cumulative for all foreign properties, not per property. Foreign investment property that must be reported may include:

    • Amounts in foreign bank accounts
    • Shares or ownership in foreign companies
    • Foreign securities held with a Canadian broker
    • Interests in non-resident trusts
    • Bonds of debentures issued by foreign government or foreign companies
    • Interests or units in offshore mutual funds
    • Real estate situated outside Canada
    • Other income-earning foreign property (foreign investment property does not include: personal-use property, that is, any property used mainly for personal use and enjoyment, such as a vehicle, vacation property, jewelry, artwork, or any other such property; and assets used only in an active business, such as business inventory or the equipment and building used in a business)
    • Cryptocurrencies

  • TAX RESIDENCY IS A COMPLEX MATTER THAT MUST BE PROPERLY REVIEWED.

  •  

  • PLEASE SUBMIT PURCHASE AND SALES DOCUMENTS.

  • Income

    Please select all that apply, additional fields will open for details.

  • In general, loans from a corporation are reported as income by the employee or shareholder. In very limited circumstances such as buying a home or a car to perform employment duties, the loans may be excluded from income. Contact us if you intend to move and buy a house or buy a new car.

  • If you claim expenses against your employment or commission income attach a copy of form T2200 Declaration of Conditions of Employment provided by your employer. If eligible, consider claiming home office expenses.

    A simplified method is available for 2021 due to COVID-19. Maximum deduction is $2 per day worked from home, up to $500; no receipts required. To be eligible, you must have worked from home for at least 50% of the time over a minimum of 4 consecutive weeks.

  •  

  • Provide us with all self-employed professional revenues and expenses. Include payments made/received after December 31, 2021 that were for expenses incurred/revenues earned prior to the end of the fiscal year.

    New clients - please provide GST number.

  • Provide transaction details and investments statements where available.

  • Provide us with all rental revenues and expenses as well as the purchase and sale documents.

  • Government subsidies received due to the COVID-19 pandemic are included under "Other Income." Also consider income from, or distributions to, foreign entities such as foreign affiliates and trusts.

  • Deductions and Tax Credits

  • More information about eligibility for the Northern Residents Deduction is available here.

  • For more information on repaying the Home Buyers' Plan, click here. For repaying the Lifelong Learning Plan, click here.

  • Loss on investment in shares or loans to small business corporation

  • Consider the eligibility criteria to claim the caregiver amount

  • Provide us with your moving expenses. Expenses reimbursed by employer are not eligible.

  • Non-refundable tax credit for eligible supplies purchased, up to $1,000.

  • Expenses reimbursed under any health plan are not eligible for the Medical Tax Credit.

  • $5,000 non-refundable tax credit for the first-time home buyers (or no house purchased in the last four preceding years)

  • You may be eligible for the GST/HST New Housing Rebate or the New Residential Rental Property Rebate.

  • Up to half of eligible tuition and fees associated with work-related training may be eligible for reimbursement for individuals aged 25 to 64. Provide details on tuition and other fees related to training. Amounts refunded due to the CTC are not eligible for the tuition tax credit.

  • A 15% non-refundable tax credit will apply on amounts up to $500 paid for qualifying digital news subscriptions (primarily written news).

  • Up to $10,000 in eligible expenditures may qualify for a tax credit if made in relation to a renovation or alteration of your home to enhance mobility or reduce the risk of harm for an individual who is either eligible for the disability credit or 65 years of age or older as at December 31, 2021.

  • Couple Checklist

  • Foreign Taxes & Principal Residence

  • PLEASE CONTACT OUR OFFICE TO DISCUSS YOUR CIRCUMSTANCES.

  • PLEASE PROVIDE DETAILS.

  • If foreign properties were sold during the year, there are still reporting requirements. Foreign investment property that must be reported includes:

    • Amounts in foreign bank accounts
    • Shares in foreign companies
    • Foreign securities held with a Canadian broker
    • Interests in non-resident trusts
    • Bonds of debentures issued by foreign government or foreign companies
    • Interests or units in offshore mutual funds
    • Real estate situated outside Canada
    • Other income-earning foreign property (foreign investment property does not include: personal-use property, that is, any property used mainly for personal use and enjoyment, such as a vehicle, vacation property, jewelry, artwork, or any other such property; and assets used only in an active business, such as business inventory or the equipment and building used in a business)
    • Cryptocurrencies

  • TAX RESIDENCY IS A COMPLEX MATTER THAT MUST BE PROPERLY REVIEWED.

  •  

  • PLEASE SUBMIT PURCHASE AND SALE DOCUMENTS.

  • Income

  • In general, loans from a corporation are reported as income by the employee or shareholder. In very limited circumstances such as buying a home or a car to perform employment duties, the loans may be excluded from income. Contact us if you intend to move and buy a house or buy a new car.

  • If you claim expenses against your employment or commission income attach a copy of form T2200 Declaration of Conditions of Employment provided by your employer. If eligible, consider claiming home office expenses.

    A simplified method is available for 2021 due to COVID-19. Maximum deduction is $2 per day worked from home, up to $500; no receipts required. To be eligible, you must have worked from home for at least 50% of the time over 4 consecutive weeks.

  •  

  • Provide us with all self-employed professional revenues and expenses. Include payments made/received after December 31, 2021 that were for expenses incurred/revenues earned prior to the end of the fiscal year.

    New clients - please provide GST number.

  • Provide transaction details and investment statements where available.

  • Including short-term rentals, such as AirBnB.

  • Provide us with all rental revenues and expense as well as the purchase and sale documents.

  • Government subsidies received due to the COVID-19 pandemic are included under "Other Income." Also consider income from, or distributions to, foreign entities such as foriegn affiliates and trusts.

  • Deductions and Tax Credits

  • More information about eligibility for the Northern Residents Deduction is available here.

  • For more information on repaying the Home Buyers' Plan, click here. For repaying the Lifelong Learning Plan, click here.

  • Loss on investment in shares or loans to small business corporation

  • Consider the eligibility criteria to claim the caregiver amount

  • Provide us with your moving expenses. Expenses reimbursed by employer are not eligible.

  • Non-refundable tax credit for eligible supplies purchased, up to $1,000.

  • Expenses reimbursed under any health plan are not eligible for the Medical Tax Credit.

  • $5,000 non-refundable tax credit for the first-time home buyers (or no house purchased in the last four preceding years)

  • You may be eligible for the GST/HST New Housing Rebate or the New Residential Rental Property Rebate.

  • Up to half of eligible tuition and fees associated with work-related training may be eligible for reimbursement for individuals aged 25 to 64. Provide details on tuition and other fees related to training. Amounts refunded due to the CTC are not eligible for the tuition tax credit.

  • A 15% non-refundable tax credit will apply on amounts up to $500 paid for qualifying digital news subscriptions (primarily written news).

  • Up to $10,000 in eligible expenditures may qualify for a tax credit if made in relation to a renovation or alteration of your home to enhance mobility or reduce the risk of harm for an individual who is either eligible for the disability credit or 65 years of age or older as at December 31, 2021.

  • Additional Notes

    Please include any other details or significant life events that we should know about.
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