Your tax slips, allowable deductions and tax credits checklist
For employed Canadians, the deadline for the taxes is April 30th. Any taxes owed for that year must also be paid by this deadline. Self-employed individuals have until June 15th to submit their returns, but taxes owed are still due by April 30th.
Failure to meet these deadlines may result in accruing interest at prescribed rates and potential penalties. At Zoha Accounting & Tax, we specialize in assisting Canadians with their personal income tax returns, offering comprehensive services tailored to your needs.
Tax slips required
- Employment Income (T4, T4A)
- Pension and Annuities (T4A, T4A(OAS), T4A(P), T4RIF, T4RSP)
- Investment Income (T5, T3, T600, T5008, T5013 or T5013A)
- Foreign Assets
- Rental Income
- RRSP Income (T4RSP)
- Schedule of Capital Gains and Losses
- Income from Self-Employment
- Debt Forgiveness
- Other Income (T4E, T4PS, T5007, RC62, RC210)
Allowable deductions
- Employment Expenses (Form T2200)
- Investment Expenses (T101, T102, T5003, T5004, T1-CP)
- Rental Property Expenses
- RRSP Contributions (up to March 1 of the following fiscal year)
- Membership Fees, Union, and Professional Dues
- Moving Expenses
- Child Care Expenses
- Alimony and Maintenance Payments (T1157)
- Disability Support Expenses
- Allowable Business Investment Losses (ABIL)
- Legal Fees
- Stock Options
- Income Tax Installments Paid
- Pension Adjustment Reversal/Past Service Pension Adjustments (T10/T215)
- Fines, Penalties, and Levies
Tax credits
- Spousal Exemption
- Dependents (born earlier than 1993 in the 2013 tax year)
- Disability Amounts (T2201)
- Adoption Expenses
- Tuition, Fees, and Education Amounts (T2202 or T2202A)
- Interest Paid on Student Loans
- Medical Expenses
- Caregiver Amounts
- Charitable Donations (including the first-time donors super credit)
- Federal or Ontario Political Contributions
- Senior public Transit Pass Amounts
- Rent or Property Tax Credit (specific conditions apply)
By entrusting Zoha Accounting & Tax with your personal tax needs, you can ensure accuracy, efficiency, and maximum benefits from available deductions and credits. Contact us today to streamline your tax filing process and maximize your returns via email at contact.zohacpa.com or by phone at 437-776-5464. We look forward to the opportunity to work with you soon.
Have additional questions?
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