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.

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

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)

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

Unless the foreign tax is from a tax slip provided by a financial institution, we will defer claiming foreign taxes until the tax return has been filed in the foreign country. When available, please provide a copy of the filed tax return to our office.

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

The Underused Housing Tax (UHT) is a new annual tax return and 1% tax on the value of non-resident, non-Canadian owned residential real estate considered to be vacant or underused. Many entities exempt from the tax liability are still required to file a UHT return. The UHT went into effect on January 1, 2022, with filings and/or taxes first being due on April 30, 2023.

In addition to non-resident non-Canadian individuals, the UHT also applies to:

• Corporations
• Partners of a partnership
• Trustees of a trust

Consider the following which may apply to you:

• Speculation and vacancy tax
• MRDT
• PST

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

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.

$10,000 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).

New in 2022 - Individuals with type 1 diabetes will be deemed to meet the requirements to claim the disability tax credit, regardless of the time actually spent on life-sustaining therapy. The criteria for mental functions impairment and life-sustaining therapy categories have also been expanded.

Various provincial credits are available depending on province of residence.

Up to $20,000 in eligible expenditures may qualify for a federal 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, 2022.

Note: the amount of eligible expenditures was $10,000 for 2021. If you incurred additional expenses up to $20,000 in 2022, we can claim the additional amount as a credit.

Unless the foreign tax is from a tax slip provided by a financial institution, we will defer claiming foreign taxes until the tax return has been filed in the foreign country. When available, please provide a copy of the filed tax return to our office.

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

The Underused Housing Tax (UHT) is a new annual tax return and 1% tax on the value of non-resident, non-Canadian owned residential real estate considered to be vacant or underused. Many entities exempt from the tax liability are still required to file a UHT return. The UHT went into effect on January 1, 2022, with filings and/or taxes first being due on April 30, 2023.

In addition to non-resident non-Canadian individuals, the UHT also applies to:

• Corporations
• Partners of a partnership
• Trustees of a trust

Consider the following which may apply to you:

• Speculation and vacancy tax
• MRDT
• PST

Including short-term rentals, such as AirBnB.

Consider income from, or distributions to, foreign entities such as foriegn affiliates and trusts.

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

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.

$10,000 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).

New in 2022 - Individuals with type 1 diabetes will be deemed to meet the requirements to claim the disability tax credit, regardless of the time actually spent on life-sustaining therapy. The criteria for mental functions impairment and life-sustaining therapy categories have also been expanded.

Various provincial credits are available depending on province of residence.

Up to $20,000 in eligible expenditures may qualify for a federal 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, 2022.

Note: the amount of eligible expenditures was $10,000 for 2021. If you incurred additional expenses up to $20,000 in 2022, we can claim the additional amount as a credit.

If you require any templates for expenses (Auto, Business/Home Office, Fellowship, Medical Professional, Moving, or Rental), please download the appropriate spreadsheet from this link prior to submitting your checklist.

First Home Savings Account - This new registered plan would give prospective first-time home buyers the ability to save $40,000 on a tax-free basis. Like a RRSP, contributions would be tax-deductible, and like a TFSA, withdrawals to purchase a first home would be non-taxable. The government expects that Canadians will be able to open and contribute to an FHSA at some point in 2023. No matter when this happens in 2023, Canadians would be allowed to contribute the full $8,000 annual limit in that year. If you are interested, reach out to your financial institution for information on setting up an account.

Residential Property Flipping - This new measure became law on December 15, 2022, and introduces considerations for Canadians who are thinking about selling their residential real estate. Specifically, the sale of residential property that the owner has held for fewer than 12 months will be considered flipping and the profits from the sale will be taxed as business income. It will apply to residential properties (including rental properties) sold on or after January 1, 2023. 

Multigenerational Home Renovation Tax Credit - This new tax credit provides relief on up to $50,000 of eligible expenses to construct a secondary suite for a senior or person with a disability to live with a relative, effective January 1, 2023. Hang on to your renovation receipts!

Quick Assignment Sales - Profits from an assignment sale would be business income if the rights to purchase the property were assigned less than 12 months after their acquisition unless a particular exception is met. This provision would apply in respect of transactions occurring on or after January 1, 2023.

Flow-Through Shares for Oil, Gas & Coal - Such expenditures are not permitted to be renounced to share purchasers under flow-through share agreements entered into after March 31, 2023.