Tax Checklist

At Coastal Tax, we make it as simple and painless as possible to file your taxes! Check out this short video about Intuit Link, the secure client portal we use to collect your tax documents. There is no in-person meeting required. This is the easiest way to have your taxes professionally prepared without leaving the house!

From the software company that brought you QuickBooks and Turbo Tax, Intuit Link will allow you to:

  • Review a custom checklist set up for you by Coastal Tax based on last year’s tax return
  • Use your smartphone or tablet to snap pictures of tax slips or receipts and attach them directly to the checklist
  • Respond to a short questionnaire created for you by Coastal Tax

Pricing starts at $80 for a simple return (up to 3 slips or items).

Here is a sample checklist that you can use if you plan to prepare your own taxes:

Slips:

T4 slips (Employment income)
Employment insurance benefits (T4E)
Interest, dividends, mutual funds (T3, T5)
Tuition / education receipts (T2202A)
Universal Child Care Benefit (RC62) – Phased out, applicable to older years
Old Age Security and CPP benefits (T4A-OAS, T4AP)
Other pensions and annuities (T4A)
Social assistance or Workers’ compensation (T5007)
Statement of Securities Transactions (T5008) & Realized Statement of Capital Gain/Loss
RRSP contribution slips
RRSP withdrawal (T4RSP)

Receipts: 
Spousal support payments
Professional or union dues
Tool expenses (Tradespersons)
Medical expenses (Portion not reimbursed by medical plan)
Transit pass receipts
Charitable Donations
Political Party Donations
Child care expenses / Summer camp fees
Children’s arts/music
Moving Expenses (if you moved more than 40km for work or school)
Interest paid on student loans
Exam fees for professional certification
Carrying charges and fees related to investments

Other documents:

CRA Notice of Assessment or Reassessment from previous year
Copy of Tax Return from previous year – New Clients
Any other Canada Revenue Agency correspondence
Annual investment statements for Sale of stocks and bonds
Sale of Real Estate – NEW for 2016 Sale of Principal Residence must be disclosed
Rental Income and Expenses
Business, Farm or Fishing Income and Expenses & Capital Asset Additions
Business Use of Home Expenses
Mileage Logbook for Business Use
Disability Tax Credit Certificate
Northern Residents Deductions
Declaration of Conditions of Employment (T2200) & Employment Expenses
First Time Home Buyer
Volunteer Firefighters certification
Lifelong Learning Plan or Home Buyers Plan Repayment
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5 thoughts on “Tax Checklist

  1. Pingback: How to File Your Taxes Without Leaving the House in 5 Easy Steps | COASTAL TAX AND ACCOUNTING SERVICES

  2. Pingback: Need to file your 2015 taxes? | Coastal Tax and Accounting Services

  3. Pingback: How to File Your Taxes Without Leaving the House in 5 Easy Steps | Coastal Tax and Accounting Services

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