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  • Writer's pictureTaxChick

Income Tax Online Help: What slips you need to file your 2018 Income tax returns In Canada.

Its tax time again no need to freak-out, not this year, as your tax experts here at Executive -Bookkeeping have your back and are committed to making your income tax experience awesome and amazing. We want to make sure that all your income tax needs are met but before we can do this you must know what to bring: Here is a general list of what you will need to have your income tax returns prepared and filed. Not all will apply to you but you will need one or more of these slips to file your income tax returns for this year (2018).

Income Tax Slips

· All T4 slips (Employment income)

· Employment insurance benefits (T4E)

· Interest, dividends, mutual funds (T3, T5)

· Tuition / education receipts (T2202A)

· Old Age Security and CPP benefits (T4A-OAS, T4AP)

· Other pensions and annuities (T4A)

· Social assistance payments (T5007)

· Workers’ compensation benefits (T5007)

· All other informational slips

Deductible Receipts

These receipts give you a dollar for dollar deduction (if you are entitled to them). For example, your gross income is $10,000.00 if you contributed $2000.00 to your RRSP that year. Your taxable income is now $8000.00 instead of $10,000.00. This is what you call a dollar for dollar deduction, which is awesome, in tax terms. Look at you understanding taxes.

· RRSP contribution slip

· Support for a child, spouse or common-law partner

· Professional or union dues

· Tool expenses (Tradespersons)

· Medical expenses

· Transit pass receipts

· Charitable donations

· Political contributions

· Child care expenses

· Adoption expenses

· Children’s arts and sports programs

· Moving expenses

· Interest paid on student loans

· Carrying charges and interest expenses

· Office - in-home expenses

· Exams for professional certification

Other Documents Needed to Support Your Income Tax Returns

Notice of assessment/reassessment

Canada Revenue Agency correspondence

Sale or deemed sale of stocks, bonds or real estate

Northern residents deductions

Rental income and expense records

Business, farm or fishing income/expenses

Automobile / Travel logbook and expenses

Disability Tax Credit Certificate

Declaration of Conditions of Employment (T2200)

Volunteer Firefighters certification

A void cheque for direct deposit request

At this point, you are either smiling to yourself at how prepared you are for this year's taxes. Or you have a glazed look on your face thinking its time for some advance googling, either way. We are here for you if you are ready to have your income tax prepared by the best professional experts in Montreal and receive everything you are entitled too from the governments . Give us a call at 514-585-7934

Best Regards,

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21 Μαΐ 2020

I've used executive bookkeeping to get me caught up on past years and kept me currently up to date

Shannon was my rep she is more then professional she is also caring such as taking time to explain things and answers all questions.honestly who would have thought talking to an accountant would be so fun

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