What to prepare
Individuals and families
- Your SIN (Social Insurance Number) and the CRA notice of assessment from last year
- Slips: T4 (employment), T4A (pension, scholarships, other income), T4E (EI), T5 (investment income), T3 (trust and mutual fund income), T5008 (securities sold), RRSP and FHSA contribution receipts
- Tuition slips (T2202), medical expenses, charitable donation receipts, childcare receipts
- Rent paid or property tax for the Ontario Trillium Benefit
- Instalments paid to the CRA during the year
- Changes in the year: marriage or separation, new child, move, home purchase or sale
Self-employed and rental income
- Income records (invoices, platform statements) and expense receipts
- Rental income and expenses for each property: mortgage interest statement, property tax, insurance, repairs, utilities, management fees
- Vehicle log and home office details, if applicable
- Purchases of equipment or property during the year
Foreign income and assets
- Foreign income such as interest, dividends, rent or pensions, and any foreign tax paid
- Cost of foreign property (bank accounts, shares, rental real estate) for Form T1135
- Shares in foreign companies (Form T1134)
Moving to or leaving Canada
- Your date of arrival or departure
- World income for the part of the year before arrival (for benefits)
- Value of the property you owned on the date you became, or stopped being, a resident
Corporations
- Bank and credit card statements for the whole fiscal year
- Sales and purchase records, invoices and receipts
- Payroll records, and T4/T5 slips issued
- Shareholder loan transactions and dividends paid
- Asset purchases and sales, and loan statements
- Last year's T2 return, financial statements and notice of assessment
- GST/HST returns filed during the year
Non-residents with Canadian property
- NR4 slips from your tenant or property manager
- Rental income and expenses for the year
- Your NR6 approval, if any
- For a sale: purchase and sale agreements, statements of adjustments and legal invoices
Not sure what applies to you? Contact us or book a consultation — we'll tell you exactly what we need.