2017 Personal Income Tax ChecklistPage 1of 10

2017Personal Income Tax Checklist

Personal Information
Self / Spouse
Name
Date of Birth
Social Insurance Number
If you have moved or changed your contact information, please update the information below:
Address
Telephone Number
Email
Will I be preparing your spouse’s income tax return? /  Yes /  No
If not, please provide their 2017T1 net income amount (line 236): / $
Marital Status as of December 31, 2017:
 Single /  Married /  Separated /  Divorced
 Common-law /  Common-law, same sex /  Widowed
If your marital status changed during 2017, please provide the month and date that it changed:
Foreign Property
Did you own or hold foreign property at any time in 2017 with a total cost of more than CAN$100,000? /  Yes /  No
Please see Schedule 1 for the definition of foreign property and if the answer to this question is “yes”, please contact Sherlynn to discuss what information will be required to complete your 2017 income tax return.
Dependants
Dependant #1 / Dependant #2 / Dependant #3
Name
Date of Birth
Social Insurance Number
TuitionFees (T2202, T2202A, TL11A, TL11B, TL11C, Relevé 8) /  /  / 
Disabled /  Yes /  No /  Yes /  No /  Yes /  No
Will I be preparing your dependant’s tax return? /  Yes /  No /  Yes /  No /  Yes /  No
If not, provide their 2017T1 net income amount (line236): / $ / $ / $
Place of Residence
Residence on December 31, 2017: / Self / Spouse / Dependants
#1 / #2 / #3
Ontario /  /  /  /  / 
Quebec /  /  /  /  / 
Other Province or Country
Elections Canada
Self / Spouse / Dependants
#1 / #2 / #3
Are you a Canadian citizen? /  Yes
 No /  Yes
 No /  Yes
 No /  Yes
 No /  Yes
 No
If yes, do you authorize the Canada Revenue Agency to give your name, address, date of birth and citizenship to Elections Canada for the National Register of Electors?
 Yes
 No /  Yes
 No /  Yes
 No /  Yes
 No /  Yes
 No
Your authorization is valid until you file your next return. This information will be used only for purposes permitted under the Canada Elections Act.
If you are a citizen of another country, please specify which one:
Tax Instalments / Correspondence
Self / Spouse / Dependants
#1 / #2 / #3
2017 Federal Tax Instalments / $ / $ / $ / $ / $
2017 Quebec Instalments / $ / $ / $ / $ / $
(Please prorvide a copy of your February2018Instalment Payment Summary)
Please provide a copy of:
2016 Federal Notice of Assessment /  /  /  /  / 
2016 Quebec Notice of Assessment /  /  /  /  / 
Other CRA/MRQ Correspondence Received /  /  /  /  / 
Financial Changes during Tax Year
Self / Spouse / Dependants
#1 / #2 / #3
Did you close or open any investment accounts in 2017? If so, please provide the details, as this may have tax implications. /  /  /  /  / 
Dispositions of Property
If you disposed of any property in 2017 (e.g. house, cottage, land, stocks, mutual funds, art, etc.) please provide the following details for each disposition:
  • Description of Property
  • Date Acquired
  • Cost
  • Date Disposed
  • Sales Proceeds
  • Expenses for Disposal

NOTE - Individuals who sell their principal residence have to report the sale on Income Tax Return. CRA will only allow the principal residence exemption if you report the sale and designation of principal residence in your income tax return in the taxation year of the sale. Information required to report on your tax return include the year of acquisition of the property, the purchase price, the proceeds of disposition and the full address of the property.
Income
Federal Slip / Dependants
Number / Self / Spouse / #1 / #2 / #3
Employment Income / T4, T4A, T4PS /  /  /  /  / 
Old Age Security Pension / T4A(OAS) /  /  /  /  / 
CPP or QPP Benefits / T4A(P) /  /  /  /  / 
Pension or RRIF Payments / T4A, T4RIF /  /  /  /  / 
Universal Child Care Benefit / RC62 /  /  /  /  / 
Employment Insurance Benefits / T4E /  /  /  /  / 
Interest Dividends / T5 /  /  /  /  / 
Mutual Funds Other Trust Income / T3 /  /  /  /  / 
Foreign Income /  /  /  /  / 
Partnership Income / T5013 /  /  /  /  / 
Rental Income & Expenses / See Schedule 2 for possible expenses
Purchase Sale of Securities(see previous page) / T5008 /  /  /  /  / 
Disposition of Property during the year (seeprevious page) /  /  /  /  / 
RRSP Income (from withdrawals & other) / T4RSP /  /  /  /  / 
Scholarships, Bursaries, Grants / T4A /  /  /  /  / 
Self-Employment Income & Expenses / See Schedule 3 for possible expenses, plus note below
Support/Alimony Payments Received: /  / 
Amount received: / $ / Received from:
Taxable amount: / $ / SIN number:
NOTE – if your self-employment business earns income from internet web-pages or web-sites, then information about this will need to be disclosed on your tax return. If this situation applies to you, please contact Sherlynn to discuss what information will be needed to complete your 2017 tax return.
Deductions
Federal Slip / Dependants
Number / Self / Spouse / #1 / #2 / #3
RRSP Contributions /  /  /  /  / 
Pension Adjustment Reversal / T10 /  /  /  /  / 
Professional or Union Dues /  /  /  /  / 
Child Care Expenses
(maximum $8,000 if child under 7 or $5,000 if aged 7 to 16
or $11,000 if eligible for the Disability Tax Credit) /  / 
Eligible Moving Expenses /  /  /  /  / 
Investment Loan Interest /  /  /  /  / 
Investment Carrying Charges /  /  /  /  / 
Tax Shelters: Partnership, R&D, Film, Oil & Gas / T101, T5003, T5013 /  /  /  /  / 
Employment Expenses:
T2200 signed by Employer / T2200 /  /  /  /  / 
Home Office Other Expenses / See Schedule 2 for possible expenses
Automobile Expenses / See Schedule 4 for possible expenses
Support/Alimony Payments Paid: /  / 
Amount Paid: / $ / Paid to:
Taxable amount: / $ / SIN number:
Please provide a copy of any original signed agreements plus signed documents pertaining to any changes in these documents. As well, please let us know if the court order or written agreement for spousal support has been registered with the CRA.
Tax Credits
Federal Slip / Dependants
Number / Self / Spouse / #1 / #2 / #3
Adoption Expenses /  /  /  /  / 
Attendant Care Expenses /  /  /  /  / 
Charitable Donations /  /  /  /  / 
Disability (provide Certificate of Infirmity) / T2201 /  /  /  /  / 
Eligible Educator School Supplies /  /  /  /  / 
Federal Home Accessibility ExpensesOntario Healthy Homes
Renovation Tax Credit for Ontario Seniors /  /  /  /  / 
Home Buyers’ Amount (first-time home owners) /  /  /  /  / 
Labour-Sponsored Funds Investment / T5006 /  /  /  /  / 
Medical Expenses (less reimbursement) /  /  /  /  / 
Political Contributions /  /  /  /  / 
Premiums Paid for Private Health Service Plans /  /  /  /  / 
Property Tax or Rent Paid (if living in Ontario & low income) /  /  /  /  / 
Public Transit Receipts /  /  /  /  / 
Student Loan Interest /  /  /  /  / 
Tuition Fees Deduction / T2202/T2202A, TL11A /  /  /  /  / 
Employment Insurance Premiums on Self-Employment
Other Eligible Earnings
Dependants
Self / Spouse / #1 / #2 / #3
In 2017, did you enter into an agreement with the Canada Employment Insurance Commission (through Service Canada) to participate in the EI Measure for Self-Employed People? /  /  /  /  / 
Schedule 1 – Foreign Income and Property Reporting
Foreign property includes:
•funds held outside Canada (including foreign bank accounts);
•tangible property located outside Canada (including real estate but excluding personal use property and property used in the course of carrying on an active business);
•an interest in a non-resident trust including a foreign mutual fund trust;
•intangible property located outside Canada including rights to royalties and shares of a Canadian corporation deposited with a foreign broker;
•debt, such as, a note, bond or debenture owed or issued by a non-resident; and
•shares in non-resident corporations.
But does not include:
•foreign property held in a registered plan such an RRSP or an RPP; and
•Canadian mutual funds that contain foreign investments.
If the aggregate cost of foreign property at any time in 2017 exceeded $100,000 CAD, Form T1135 “Foreign Income Verification Statement” must be completed and filed with your 2017 return. If you meet the reporting criteria, please provide details about your foreign properties, including: a description, cost amount, location and related income generated (if any).
Did you earn any income or realize any gains from foreign property in 2017? /  Yes /  No
Please note: Canadian residents are required to report income from all sources, both inside and outside Canada.
Did you loan or transfer funds or property to a non-resident trust in 2017, or any previous years? /  Yes /  No
If "yes”, you are required to file Form T1141 “Information Return in Respect of Transfers or Loans to a Non-Resident Trust” no later than April 30, 2018. A separate form is required for each non-resident trust. This information return is filed separately from your income tax return. This return is not required in the year that an individual immigrates to Canada.
Did you receive funds or property from, or were you indebted to, a non-resident trust in 2017 in which you were beneficially interested? /  Yes /  No
If "yes", you are required to file Form T1142 “Information Return in Respect of Distributions from and Indebtedness to a Non-Resident Trust” no later than April 30, 2018. A separate form is required for each non-resident trust. This information return is filed separately from your income tax return. This return is not required in the year that an individual immigrates to Canada.
Did you have an interest in a foreign corporation in 2017 where the equity percentage held by you together with related persons was equal to or greater than 10%? /  Yes /  No
If "yes", you may be required to file Form T1134-A “Information Return Relating to Foreign Affiliates That Are Not Controlled Foreign Affiliates” or Form T1134-B “Information Return Relating to Controlled Foreign Affiliates” no later than March 31, 2018. A separate form is required for each non-resident corporation. This information return is filed separately from your income tax return. This return is not required in the year that an individual immigrates to Canada.
Schedule 2 –Rental Property or Home Office Expenses
Mortgage Interest / (n/a for employees)
Property Taxes / (n/a for employees unless on commission)
Insurance / (n/a for employees unless on commission)
Rent
Maintenance & Repairs
Heat
Electricity
Water & Sewer
Other Utilities
Alarm/Security Monitoring
Other Expenses
Area of home (or number of rooms) used for business:
Total area of (or number of rooms in) home:
Please note: Home Office expenses may only be claimed if you have no other office or if you routinely meet clients at your home office.
Schedule 3 – Self-Employment Expenses
Advertising Promotion
Automobile Expenses / See Schedule 4
Fees, Licenses, Dues, Memberships Subscriptions
Home Office or Outside Office / See Schedule 2
Insurance
Interest Bank Charges
Internet
Laundry Uniforms
Legal, Accounting Professional Fees
Maintenance Repairs (of Equipment)
Management Administration Fees
Meals Entertainment (at 100%)
Office Expenses
Office Supplies
Parking
Salaries Wages (including Benefits)
Telephone (Cell phone, Pager, Long Distance)
Travel (not including Meals)
Other Expenses
Capital Assets Purchased
(e.g. computer, printer, software, furniture, etc.)
Schedule 4 – Automobile Expenses
Vehicle 1 / Vehicle 2
Make
Model
Purchase/Lease Date
Cost
(If vehicle purchased in 2017, provide copy of sales receipt and if vehicle sold
in 2017 provide information on trade-in value received or proceeds from sale)
2017 Distance Driven for Business / km / km
2017 Total Distance Driven / km / km
Fuel and Oil
Maintenance, Repairs & Washes
Insurance
License & Registration
Interest
Other Expenses
Leasing Costs
(If a new lease in 2017, provide copy of lease agreement, and if a lease
ended in 2017,provide a copy of the final payment information)
Reimbursements (if any)
Example – per km amounts received