Personal Tax Return (T1) Checklist 2011

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Personal Tax Return (T1) Checklist 2011

To help you assemble your financial information for the preparation of your personal income tax return, please keep this checklist handy. The checklist should be completed and returned to us together with the financial information assembled.
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General Information	Yes/No/NA	Provide/Instructions
a) Change in address		Provide complete mailing address:
b) Dependant children		Provide full details: names, birthdays, details of income (if any) if over 21 and at University, details:
c) Marital status changed		Date and details. (Note that you are considered married if living common law.)
d) Spouse		If I am not preparing a tax return for your spouse, provide full details of spouse's income for the year, SIN, etc.
e) Provide a copy of the Notice of Assessment for your 2010 tax return (including Notices of Reassessment, if any).
f) Provide a copy of the statement showing instalments made for the 2011 taxation year, if any.
g) Provide a copy of last year's T1 tax return.		(Only if I did not prepare your return last year.)
h) Do you want your tax refund deposited directly to your bank account?		Please complete form T1-DD(1): Direct Deposit Form

Employment & Other Income	Yes/No/NA	Provide/Instructions
a) Regular earnings		All T4's. Enter name of each employer:
b) Commission and other earnings		All T4A's. Enter name of each employer:
c) Director's fees		All T4's. Enter name of employer or provide details:
d) Profit sharing income		T4PS slip
e) Loans from employer		Full details

Pension, Retirement, Annuity Income	Yes/No/NA	Provide/Instructions
a) Old Age Security		T4A(OAS) slip
b) Canada Pension		All T4A's
c) Registered Retirement Income Fund		T4RIF
d) Withdrawal from a R.R.S.P.		T4RSP slips. Enter name of financial institution and date of withdrawal.
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Investment Income	Yes/No/NA	Provide/Instructions
a) Interest savings account		T5 slips. Enter name of issuer (bank, financial institution, mutual fund company, etc)
b) Term deposits or G.I.C.'s		T5 slips. Enter name of issuer.
c) Mutual fund investment income		T5 slips. Enter name of issuer.
d) Dividends - Canadian corporations		T5 slips. Enter name of issuer
e) Interest - Canada Savings Bonds		T5, or T600 slips (Details if no slips - for accrual)
f) Interest - joint account with spouse		Please specify if the interest income is to be split with your spouse and the percentage.
g) Interest expense on investment loans		Details and amount of interest expense
h) Foreign interest or dividends		Foreign slips or details
i) Interest Treasury bills		Full details of transactions
j) Royalty or other investment income		Details
k) Partnership income		T5013 Slip. Enter name of each partnership.
l) Other		T5008 or other information

Sale of Investments	Yes/No/NA	Provide/Instructions
a) Stocks, bonds, trust units		Transaction slips/details, broker statements
b) Real estate and other properties		Sale documents, details of purchase
c) Any properties gifted to others		Full details

Sale of Non-RRSP Stock (Please provide Broker's receipts for the purchase and sale, including Broker's statements.)
Name of Stock	Number of Shares	Sale Price *	Purchase Price*	Commissions Paid



* Price per share
Sale or Transfer of Non-RRSP Mutual Funds Please provide the December 31, 2011 year-end statements for all of your non-RRSP mutual funds. These statements were sent to you by the mutual fund companies in January 2012. The statements show all transactions for 2011, including any sale, redemption, or transfer of your shares in the mutual funds during the year. Please list all of your mutual funds that had shares sold or transferred during 2011.
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Other Income	Yes/No/NA	Provide/Instructions
a) Employment Insurance Benefits		T4E slip
b) WCB benefits		T4, T5007, details
c) Alimony or child support received		Full details
d) Scholarships, bursaries		T4A slip(s). Enter name of each donor.
e) Other sources of income		Full details

Home Office Expenses	Yes/No, NA	Provide/Instructions
Note: This section only applies if you work from home and are a sole proprietor, or your employer has completed and provided you with form T2200.
a) Electricity, heat and water		$
b) Maintenance		$
c) Insurance		$
d) Mortgage Interest		$
e) % Use of Home for Business/Employment		%
f) Do you spend more than 50% of your time performing your work in your home office?
g) Do you regularly use the home office to meet clients or customers?
h) Have you been reimbursed for the above expenses by your company/ employer?		Please explain:
i) Copy of completed form T2200		Please provide, if applicable
Please note that home office expenses, may or may not be deductible, depending on your situation.

Motor Vehicle Expenses	Yes/No/NA	Provide/Instructions
Note: This section only applies if you use your car for work/business and 1) You are a sole proprietor, or 2) Your employer has completed and provided you with form T2200.
a) Fuel & Oil		$
b) Insurance		$
c) License and registration		$
d) Maintenance and repairs		$
e) Lease costs		$
f) Business parking fees		$
g) Total kilometres driven during year		KM
h) Kilometres driven for business or employment		KM
i) Copy of completed form T2200		Please provide, if applicable.
j) Did you purchase or lease a new automobile in the year?		Provide a copy of the lease or purchase agreement.
k) Did you sell your previous vehicle?		Provide details.
l) Did you receive an allowance from your employer, if so, how was it calculated (e.g. per kilometre, flat rate, etc.)?		Provide details.
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Employment Related Expenses (not reimbursed by Employer)	Yes/No/NA	Provide/Instructions
a) Are you required to pay for certain expenses for work?		Copy of completed Form T2200
b) Accounting fees (explain)		$
c) Legal fees (explain)		$
d) Moving expenses (explain)		$
e) Office rent (explain)		$
f) Salary to an assistant (explain)		$
g) Supplies (explain)		$
h) Union or Association Dues		Official tax receipts

Investment Expenses	Yes/No/NA	Provide/Instructions
a) Interest expense on money borrowed to earn investment income		$
b) Safety deposit box expense		$
c) Accounting fees		$
d) Investment counsel and investment management fees		$

Tax Credits	Yes/No/NA	Provide/Instructions
a) Did you or your dependent attend a post-secondary level institution in 2011?		Provide official receipt for tuition fees paid and a Form T2202 or T2202A or TL11A (if outside Canada).
b) Are you or your dependent eligible for a disability tax credit?		If yes, provide a completed T2201.
c) Do you intend to claim a tax credit for: - Medical expenses - Charitable donations - Federal or provincial political donations		Provide receipts for medical expenses (for you, your spouse and dependents) incurred. Medical expenses include private insurance (i.e Blue Cross, travel health ins. premiums, amounts deducted from your pay cheque for same). Provide official receipts for charitable and political donations. Note: Cancelled cheques are not official receipts.
d) Did you pay any interest on a Student loan?		Provide a statement from the lending institution of the interest paid in 2011.
e) Did you use public transit in 2011?		Provide copies of your January 1, 2011 through December 31, 2011 monthly bus passes and receipts or a pass that indicates the cost and provides identification. (Credit is only provided for passes of a duration of one month or longer).
f) Did you register a dependent child in a sports program that was at least 1 class per week for a period not less than 8 weeks or a children's camp that lasted more than 5 consecutive days?		Provide receipts and details of programs.
g) Did you register a dependant child in an artistic, cultural, recreational, or developmental activity program?		Provide receipts and details of the programs.
h) Are you a first time home buyer?		You are a first time home buyer if you did not live in another home owned by you or your spouse or your common law partner in the year of acquisition or in any of the four preceding years. Provide the closing date and purchase agreement.
i) Did you incur adoption expenses in 2011?		Provide copies of receipts.
j) As a small business owner, did you hire individuals under apprenticeship or under a Co-Operative education program in 2011?		Provide invoices and documents relating to the apprenticeship or co-operative program your company participated in.
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All Other Deductions	Yes/No/NA	Provide/Instructions
a) Alimony or separation allowance paid		Record of payment & details.
b) Registered Retirement Savings Plan		Provide copies of all RRSP contribution slips. Enter name of the financial institution for each RRSP slip.
c) Amounts paid for child care		Details of payments
d) Does a parent(s) (over 65) live with you?		Full details

Foreign Reporting Requirements & Miscellaneous	Yes/No/NA	Provide/Instructions
a) Owned assets outside Canada with a cost in excess of $100,000 (CDN) during year		Provide details.

Rental Income	Yes/No/NA	Provide/Instructions
a) Details of owners and partners		Provide first and last name, % ownership.
b) Address of property		Provide complete address.
c) New properties acquired		Provide purchase agreement & details
d) Change of use of rental property		Provide date and details.
e) Sale of rental property		Provide sale documents and details of sale
f) Gross revenue (excluding sales tax)		$
• Advertising		$
• Insurance		$
• Interest		$
• Maintenance & Repairs		$
• Management and administration fees		$
• Office expenses		$
• Legal, accounting, professional fees		$
• Property taxes		$
• Salaries		$
• Subcontractors expense		$
• Travel		$
• Utilities		$
• Other expenses (explain)		$
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