Tax Preparation Checklist Questionnaires

Tax Preparation Checklist Questionnaires

Section 1 of 4
If you have any questions or concerns during your tax document preparation or service engagement with K Liu Accounting Services Inc., please contact us promptly at info@kliuaccounting.com or Schedule a Call. Our team is here to support you in a timely manner.

Please complete a SEPARATE Tax Preparation Questionnaire

per TAX FILING individual
Are You a New or Existing Client?*

NewExisting
Referred by: (if applicable)
Legal Name*

First NameLast Name
Which Tax Year(s) Do You Require Services For?*

202420232022202120202019201820172016Other
Email - please provide your own(not shared) individual email account for privacy & confidentiality protection requirements*
example@example.com
Mobile Phone Number*
Estate Planning
Key Personnel Contact Information

For estate planning purposes, please feel free to share with K Liu Accounting Services Inc. the contact information of key personnel involved in your estate planning process. We will keep this information on file for your family and other key personnel in the event you will require them to attend to matters on your behalf.

Please ensure you have completed the Authorization document below as part of your estate planning tasks, and ensure timely updates when changes are made to authorized third-parties. K Liu Accounting Services Inc. will ONLY share confidential information with authorized individuals listed under your signed document below:

Client Authorization - Third-Parties Information Sharing Request & Authorization to Release & Share Information

Available Estate Planning Resources

Government of Canada

	Full Name	Company	Phone Number	Email
Power of Attorney
Will & Estate Lawyer
Financial Advisor

General Information
If you have become or ceased to be a resident of Canada in the tax year,

please provide ONE of the following dates:
Entry Date

MonthDayYear
Date
Exit Date

MonthDayYear
Date
Decease Date (if applicable)

MonthDayYear
Date
Bankruptcy Date (if applicable)

MonthDayYear
Date
Please select following situations that apply to you*

NOT APPLICABLEProperty disposition - principal residence or other properties in the tax yearProperty change of use to rental or business operation, or back to principal residenceDisposed of capital asset & Eligible Capital Property in the tax yearQualifying Business Transfers (QBT)Business ActivitiesFarm ActivitiesReal Estate Rental Activities (Long Term)Real Estate Rental Activities (Short Term)Crypto-Assets Related ActivitiesE-Commerce / Digital Platform Related ActivitiesEmployee Home Office ExpenseAutomobile & Office-In-Home ExpensesT2200 Employee ExpensesT2200 Commission EmployeeT2200 Tradesperson's/Apprentice Mechanic Tools ExpensesT2200 Labour Mobility DeductionT2200 Music Instrument ExpensesT2200 Artists' Employment Expenses paid to earn employment incomeT2200 Transport Employee Expenses paid to earn employment income TL2Income received that was not reported on Tax slipElect for tuition transfer to maximize tax savingElect to split-pension to maximize tax savingsSetup CRA auto payment (please provide bank account details)Register for Electronic CRA mail delivery for CRA My AccountRequest for Express Notice of Assessment (NOA) if availableProvide my information to Elections CanadaConfined to prison for 90+ days of tax yearConfined to prison on Dec 31st of tax Year for 6+ monthSocial assistance received in tax yearShared custody for my dependent (require custody details)Were an officer or servant of the government of another country e.g. diplomat, family member who resided with such a person, or an employee of such a personA person in respect of whom a Children's Special Allowance (CSA) was payable during the tax yearElect to correct previously & miss filed taxes years through Voluntary Disclosure Program (VDP) - a second chance to correct your taxes with potential penalties & prosecution relief. When VDP is not applicable to the tax situation, a fairness request may be made.Underused Housing Tax of 1% on value of vacant or underused residential property directly or indirectly owned by non-resident non-CanadiansReceived COVID-19 Program PaymentsRepayment of COVID-19 benefitsOther
ONLY for Clients Requiring Services for Multiple Years: Please list the years applicable for above selected situations
Available Resources to correct inaccurate or incomplete information, disclose information not reported in a tax return you previously filed.

Voluntary Disclosure Program

Request for Taxpayer Relief
Foreign Property Verification
Complete this section if TOTAL COST of all specified foreign property held at any time during the year exceeds $100,000. Personal-use-properties are excluded & do not need to be reported.

The penalty for failing to file a return is $25 per day for up to 100 days (minimum $100 and maximum $2,500) Click here for full details of Penalties

If you have missed reporting in past years, Voluntary Disclosure Program (VDP) may be available - A second chance to correct your taxes with potential penalties & prosecution relief

Foreign Property Reporting - Click to Open
Please select following situations that apply to you -

Funds held outside CanadaShares of non-resident corporations (other than foreign affiliates)Indebtedness owed by non-residentInterests in non-resident trustsReal property outside Canada (other than personal use and real estate used in an active business)Other property outside CanadaProperty held in an account with a Canadian registered securities dealer or a Canadian trust company
What property do you have to report?

You are required to report all specified foreign property in accordance with
subsection 233.3(1) of the Act which includes:
- funds or intangible property (patents, copyrights, etc.) situated, deposited or held outside Canada;
- tangible property situated outside of Canada;
- a share of the capital stock of a non-resident corporation held by the
  taxpayer or by an agent on behalf of the taxpayer;
- an interest in a non-resident trust that was acquired for consideration,
  other than an interest in a non-resident trust that is a foreign affiliate for
  the purposes of section 233.4 of the Act;
- shares of corporations resident in Canada held by you or for you
  outside Canada;
- an interest in a partnership that holds a specified foreign property
  unless the partnership is required to file Form T1135;
- an interest in, or right with respect to, an entity that is a non-resident;
- a property that is convertible into, exchangeable for, or confers a right to acquire a property that is specified foreign property;
- a debt owed by a non-resident, including government and corporate
  bonds, debentures, mortgages, and notes receivable;
- an interest in a foreign insurance policy; and
- precious metals, gold certificates, and futures contracts held
  outside Canada.
Specified foreign property does not include:
- a property used or held exclusively in carrying on an active business;
- a share of the capital stock or indebtedness of a foreign affiliate;
- an interest in a trust described in paragraph (a) or (b) of the definition of
  "exempt trust" in subsection 233.2(1) of the Act;
- a personal-use property as defined in section 54 of the Act; and
- an interest in, or a right to acquire, any of the above-noted excluded
  foreign property.

Personal Information
MANDATORY for NEW Clients &

EXISTING Clients with Changes/Updates to the Following:

Legal Name, Contact Information, Social Insurance #, Citizenship, Mailing Address & Province of Residence, Marital Status Change, Family Structure & Situation Change

Personal & Family Information Changes/Updates - Click to Open
Social Insurance #
Birth Date

MonthDayYear
Date
Gender

MaleFemale
Canadian Citizen

YesNo
Mailing Address

Street Address

Street Address Line 2

CityState / Province

Postal / Zip CodeCountry
Physical Address (Province/Territory of Residence on December 31st of Tax Year if different than above)
Marital Status on December 31st of Tax Year
Marital Status Change
Date of Marital Status Change within Tax Year

MonthDayYear
Date
Previous Marital Status
Family Information

Family Members - Personal Information

	Spouse	Dependent #1	Dependent #2	Dependent #3	Dependent #4
First Name
Last Name
Relationship
Birth Date (MMDDYY)
Social Insurance #
Confined to prison for 90+ days of tax year (if applicable)
Confined to prison on Dec 31st of tax Year for 6+ month (if applicable)
Decease Date (if applicable MMDDYY)
Date of Bankruptcy (if applicable MMDDYY)
If filing SEPARATELY Provide Net Income $ from Line 236 of T1 Individual Tax Return

Disability & Infirmity

Disability & Infirmity - Click to Open

Family Members - Disability & Infirmity

	Taxpayer (SELF)	Spouse	Dependent #1	Dependent #2	Dependent #3	Dependent #4	Dependent #5
Have Shared Custody for Dependent
Residing in Same Residence
Disability Tax Credit Approved By CRA with Valid T2201 on File
Have Mental/Physical Infirmity
Primary Caregiver for Dependent with Mental/Physical Infirmity
Transfer Disability Tax Credit to Caregiver *If maximize tax deductions

Key Personnel Contact Information

For estate planning purposes, please feel free to share with K Liu Accounting Services Inc. the contact information of key personnel involved in your estate planning process. We will keep this information on file for your family and other key personnel in the event you will require them to attend to matters on your behalf.

Please ensure you have completed the Authorization document below as part of your estate planning tasks, and ensure timely updates when changes are made to authorized third-parties. K Liu Accounting Services Inc. will ONLY share confidential information with authorized individuals listed under your signed document below:

Client Authorization - Third-Parties Information Sharing Request & Authorization to Release & Share Information

Available Estate Planning Resources

Government of Canada

	Income Type (Employment, Interest, Pension, Social Security, etc.)	Income $ in Foreign Currency	Foreign Currency	Taxes Paid on Income $
Foreign Income #1
Foreign Income #2
Foreign Income #3
Foreign Income #4
Foreign Income #5

	Disposition #1
Units
Name, Address or Legal Description of Property
Name of Issuer (if applicable)
Face Value (if applicable)
Maturity Date (if applicable)
Year of Acquisition
Year of Disposition
Proceeds of Disposition
Adjusted Cost Base
Outlays & Expenses (from dispositions)

	Disposition #3
Units
Name, Address or Legal Description of Property
Name of Issuer (if applicable)
Face Value (if applicable)
Maturity Date (if applicable)
Year of Acquisition
Year of Disposition
Proceeds of Disposition
Adjusted Cost Base
Outlays & Expenses (from dispositions)

	Disposition #3
Units
Name, Address or Legal Description of Property
Name of Issuer (if applicable)
Face Value (if applicable)
Maturity Date (if applicable)
Year of Acquisition
Year of Disposition
Proceeds of Disposition
Adjusted Cost Base
Outlays & Expenses (from dispositions)

Tax Preparation Checklist Questionnaires

Estate Planning

General Information

Foreign Property Verification

Personal Information

Family Information

Disability & Infirmity

Income Information & Capital Gains/Losses

Income Slips Description & Reference Guide

Income Information

Other & Foreign Income Information

Capital Gains/Losses

Deductions & Credits

Other Provincial/Territorial Credits & Rebates

Alberta Provincial Credits & Rebates

British Columbia Provincial Credits & Rebates

Manitoba Provincial Credits & Rebates

Ontario Provincial Credits & Rebates

Quebec Credits & Rebates

Saskatchewan Provincial Credits & Rebates

Other Provincial/Territorial Credits & Rebates

Other Statements of Activities & Schedules

TERMS & CONDITIONS