Preparing for Your Personal Tax Return

Below is a list of common items to consider when organizing and preparing for personal tax season. This list does not include everything, and not all items apply to every individual.

Income Sources

• Employment - T4

• Pension - T4A(P), T4A(OAS), T4RSP

• Other - T4A

• Investment - T3, T5, T5008

• Self-employment - T2125: ask me for my business template to help with the income and expense summary

• Rental - T776: ask me for my business template to help with the income and expense summary

• Farm - T2042

Deduction and Credits

• RRSP contributions

• Charitable donations

• Childcare expenses

• Employment expenses - T777: T2200 from employer

• Tuition slips - T2202

• Medical expenses

• Investment fees paid on non-registered accounts

• Political contributions

Tips

• Start early to avoid last‑minute stress

• Review last year’s tax return or Notice of Assessment to identify expected slips

• Check your CRA online account for slips that may not have been received by mail

• Consider whether foreign reporting may apply, such as T1134 or T1135, if you owned certain foreign assets with a total cost exceeding $100,000 CAD at any point in the year

Organizing your information in advance helps ensure a smoother and more efficient tax filing process. If you are unsure which items apply to your situation, professional guidance can help clarify next steps. Feel free to reach out for support.

Disclaimer
The information provided in this blog is for general informational purposes only and does not constitute accounting, tax, or legal advice. Tax laws and reporting requirements vary based on individual circumstances and are subject to change. Readers should not act on this information without seeking professional advice specific to their situation. Reading this blog does not create a client‑advisor relationship.