Our engagement letter provides a clear understanding of the nature of our involvement as the preparer of your (and your family’s) personal income tax return(s) as well as your responsibilities as a taxpayer.
Personal Tax Checklist
The Personal Tax Checklist provides us with basic information to complete your personal tax return. Please note any changes to your contact information or dependant information from the prior year. Please submit it with your tax slips and receipts.
There are foreign reporting requirements that must be completed detailing your financial activities with any person, entity or company who is outside Canada. This legislation could apply to you. There are severe penalties for not filing the prescribed forms. In order to help us decide whether to include one or more of these forms with your tax return, complete the Foreign Reporting checklist.
Increased Foreign Reporting Requirements
Canadian taxpayers (i.e. individuals, corporations and trusts) are required to report all specified foreign property owned during the year if the cost base of all specified foreign property exceeds $100,000 at any point during the year. Any income earned during the year from the specified foreign property must also be separately reported. This reporting is satisfied by filing Form T1135 – Foreign Income Verification Statement with your tax return.
A pdf version and a fillable version of the Foreign Income Verification Statement is available on the CRA website.
Deceased Taxpayers Information Gathering Form
This form will help estate trustees to gather information on a deceased person’s assets at date of death to prepare their final return. Complete and return this form, along with the documents listed at the bottom of page 2 of the form.
Business Expense Summary
This summary is useful in summarizing your business expenses by categories.
Car Expense Schedule
If you use your personally owned vehicle for business purposes, please complete this schedule.
Home Office Schedule
If you use a portion of your home for business, please complete this schedule.
Moving Expense Schedule
Please use this schedule to summarize the expenses you incurred with your move.
Please use this schedule to summarize the income and expenses you have with your rental properties.
U.S. Tax Questionnaire
You should be aware that there are U.S. tax filing requirements that must be completed if you are a U.S. Citizen, resident or Green Card holder. This legislation could apply to you. There are severe penalties for not complying with the U.S. filing requirements.
U.S. Financial Accounts Summary
The following forms will help you in summarizing your Canadian investments if you are a U.S. Citizen, resident or Green Card holder.