What to bring to your appointment

GUIDELINES FOR PREPARING YOUR DOCUMENTS

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In order to help us serve you even better and thus maximize the time we spend together, please follow the following guidelines for the preparation of your documents

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·PLEASE TAKE ALL YOUR DOCUMENTS, T4S AND SLIPS OUT OF ALL YOUR ENVELOPES, AND DO NOT CUT ANY PAPERS OR SEPARATE THE FEDERAL FROM THE PROVINCIAL

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· Categorize your T4/RL-1,2, your T3/RL-16 and T5/RL-16, T5008/RL-18 investments together as well as all your RRSP statements (period of the rest of the year 2023 and 60 first days 2024) and make sure you have them all.

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· Categorize all your other documents, such as your child care expenses and your sports activity receipts, to name a few.

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· Clearly separate all your documents from those of your spouse or children.

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· If you are self-employed or if you have an income property: bring ALL your invoices IN ORDER (unfolded invoices) including purchases of fixed assets or notarized contracts.

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· If you want to receive the solidarity tax credit and you are the owner, we need your municipal tax account. If you are a tenant, bring us the new RL-31 slip that your landlord gave you.

 

· Bring your notices of assessment from Revenu Québec and Revenue Canada for the past year. By following these guidelines and sorting through all your documents before coming to meet with us, this will allow us to use the time we devote to you to properly answer your questions and to ensure that we do not go alongside any tax credit you may be entitled to. Note that additional charges will apply if we have to sort your documents for you or if you take an inordinate amount of time to do so in front of us.

 

DOCUMENTS TO BRING(depending on your situation of course)

•  RL-31 slip: Provided by your landlord or your municipal tax account, if you are a landlord, in order to receive the solidarity tax credit.

 

•  T4/Relevé 1: Employment income of ALL your employers during the year

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•  T4A/RL-1,2: Other employment income (eg: salary insurance, severance pay, etc. PCU, PCRE)

 

•   T3/RL-16 and T5/RL-3: Interest and dividend income issued by banks, credit unions and others

And T5008/RL-8 transactions relating to the sale of shares **see below

 

•  Relevé 22 for construction workers

 

•  Relevé 5/T5007 from the CSST, SAAQ, IVAQ and social assistance

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•  T4E Employment Insurance Benefit, Quebec Parental Insurance Plan

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• Professional dues, receipt for a dues paid to a union, a professional association, a parity committee, CCQ dues (Example: nurses, engineers, lawyers, veterinarians, etc.).

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• For meal expenses for truckers, the formsTL2/TP-66 signed by the employer,as well as details of the number of meals/trips/duration of the year (Number of trips Canada and/or USA)  and digital or paper LOG BOOKS.

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• Employment expenses for employees and commission workers (if applicable),   T2200/TP-64.3 forms completed by your employer.  *** For the year 2022, if your employer does not give you these forms and you have been teleworking, the maximum deduction is $ 500.00. Don't forget to let us know the number of teleworking days!

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• Care expenses :RL-24 slip  including   babysitter's name, address and social insurance number (MANDATORY).Attention !! The Relvé 24 is MANDATORY in 2022,therefore no house receipt will be accepted by the 2 levels of government! THERL-19 slipfrom Revenu Québec if you have requested the anticipated child care expenses!

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• Children's fitness: Receipts from physical and sports activities eligible for the tax credit for the fitness of a child under 16 (18 if the child is disabled).

•  T4(OAS) Old Age Security Pension

 

•  T4A(P) Quebec Pension Plan

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•  T4A/RL-2-1 Retirement pension plan, taxable benefit life insurance

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•  T4RSP/RL-2 Income/RRSP withdrawal

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•  T4RIF/RL-2 Income/RRIF withdrawal

 

•  Relevé 19:

      Advance payments for home care of an elderly person,
  advance payments of the tax credit for childcare expenses,
    advance payments of the tax credit relating to the work premium (Prov.).

 

• Home care: Invoices for care and services applicable to this program. Condominium owners - forms TPZ-1029.MD.5.   If you are a tenant and are over 70 years old, a copy of your lease and/or letter of increase if a new lease has not been signed.

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•  AProvisional accounts: Proof of payment / Federal and Provincial (payment slip for March of the following year: it shows the amount of confirmed money received for the previous year

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• T5013/RL-15 Income from partnerships

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•  Financial costs (for investment loan, RRSP loan), statement of interest paid for the year

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•  Fees paid to an investment advisor

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•  Interest paid to earn investment income (NON-RRSP)

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• T5008/RL8 Statement of securities transactions (sale of securities) As well as the statement of Capital Gains and Losses Why:For the sale of shares: Please note that in all cases of share sales,we must know at least the purchase cost of the shares sold as well as the date of purchase.  During tax season, we are unable to communicate with your investment advisors and it is your responsibility to provide the necessary documents to establish your capital gain or loss.

 

• RL-26 slip Capital régional et coopératif Desjardins (acquisition of shares)

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• Forsales of buildings or land, you must provide the following documents:

 

   Purchase and sale contract, invoices for purchase and sale costs (e.g. notary, surveyor, real estate agent, etc.), transfer tax on purchase.

 

If you are selling your personal property

You must also provide the documents relating to the transaction even if the gain is not taxable. 

 

• RRSP: Official receipts after March 1 of the year and the first 60 days of the following year.   Receipts for other periods will be subject to correction. (Relevé 10 for 2023 after the first 60 days and Relevé 10 for the first 60 days of 2024 for Reer FTQ and CSN)

 

•  Charitable donations: Official receipts from charities recognized by the CRA.

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• Alimony: Proof of alimony payment, if the alimony is deductible (when paid to a spouse and not a child)

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• Legal fees: Lawyer fees for alimony (if applicable), specific rules apply and are subject to regular verification by tax authorities, bills of fees must be detailed and accurate to be eligible for the deduction .

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• Medical expenses: Receipts for eligible medical expenses, proof of payment of health insurance premiums excluding salary insurance if this information is not entered on the T4 slip (Box 85)._cc781905-5cde- 3194-bb3b-136bad5cf58d_ Recorded detailed from January 1 to December 31 of the amounts submitted vs amounts paid by your group insurance, for the whole family, for all treatments. 

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• T2202A/Relevé 8: Certificate relating to studies issued by the Cégep, the University or a recognized educational institution. If these fees are transferred to a parent, the student must sign the back of the T2202A form.

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• Student loan: Interest paid for an eligible student loan is tax deductible, you must provide proof of payment (statement of account, letter from the financial institution.)

 

If you have children:

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• Date of birth of each child

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• Social Insurance Number (SIN) if they have one.

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• If possible, a written agreement justifying the period of custody with the other spouse (if there is joint custody) or the legal document to this effect

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 • Custody fees:RL-24 slip  including   babysitter's name, address and social insurance number (MANDATORY).Attention !! The Relvé 24 is MANDATORY in 2022,therefore no house receipt will be accepted by the 2 levels of government! THERL-19 slipfrom Revenu Québec if you have requested the anticipated child care expenses!

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• If they are in school, the T2202A slip provided by the Cégep or the University must be signed by the student if they want their tuition fees transferred to you. If their income exceeds + or - $15,000.00 while studying, a calculation is required to determine the transferable portion of tuition fees.

*** Don't forget to bring the necessary documents for the preparation of their taxes too) If they produced their declaration themselves or elsewhere, bring a copy.

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 If you have a spouse

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If you have a spouse with no or low income and you have children with no income: under the age of 18, your spouse must file their income tax return in order to receive child tax benefits.

If you do not have children, you will still have to file your provincial declaration in order to benefit from certain tax advantages.

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  If you are self-employed:

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Your detailed business income and expenses must be available and ready to be verified, accounted for by a recognized person/organization; Your GST/QST reports must have been produced.*****Please contact me BEFORE bringing anything. SEE APPENDIX below.

 

If you have a home office:

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• Municipal and school taxes (Complete and detailed invoices, not just the payment slip)

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• Heating and electricity bill of all these costs: each bill, all pages)

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• Home and professional insurance if applicable

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• Mortgage interest (your detailed December bank statement, where it clearly states “Total mortgage interest charges paid between January 1 and December 31)

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• Cost of rent (if you are renting)

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• Basic line and cell phone (every month, every page)

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• Maintenance and repair of your office/residence space (all bills)

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• If you use your car as a self-employed person

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• Petrol (all bills)

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• Maintenance and repair as part of your employment (all invoices)

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• Interest on car loan (Financing contract)

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• Vehicle insurance, registration and license

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• Rental cost if applicable (Financing contract)

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• Kilometers driven for business only IMPORTANT:

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•AND Kilometers traveled in total during the year. If you have a home, You must determine the percentage of business/vs personal (KILOMETER REGISTER) NO DETAILED MILE REGISTER, NO DEDUCTIONS)

 

If you have a building with rental income

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 • Advertising (all invoices)

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• Mortgage interest income (duplex or rental portion (if applicable) (your detailed December bank statement, where it is clearly stated "total mortgage interest charges paid between January 1 and December 31st)

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• Heating, electricity (all bills)

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• Multiple dwelling insurance

Details of the number of months rented and how much

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• Municipal and school taxes (complete invoices)

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• Maintenance and repair (all invoices, in order of supplier)

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• Any other costs deemed essential

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If you acquired your income property this year, bring the notarized purchase contract as well as the distribution of disbursements made before a notary. The notary provides you with this document. Also bring the fees paid to the notary as well as the transfer rights (welcome tax).

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Salary insurance: In certain cases (more specifically BOMBARDIER employees) if you received insurance this year, you can deduct from this income the premiums paid for the insurance. Attention employees since the beginning of your employment or since the last application for insurance.

See the Bombardier insurance manager at your employer's office so that he can provide you with a document justifying the salary insurance premiums paid.

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If you are a student:

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• T2202A/RL-8 (slip provided by the educational institution justifying the amount of eligible tuition fees as well as the number of months of studies.)

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• If you want to transfer some or all of your tuition fees to one of your parents or your spouse, the T2202A slip you received from the school must be Read this if you have to complete and sign it. 'student.

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• Student loan interest (you must provide bank statements).

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If you have moved:

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• If you have moved at least 40 KM closer

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• Km traveled during the move minus 40 km from your place of work:

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• Costs of renting a truck / Gasoline

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• If you sold and/or if you bought

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• Commission paid to the real estate agent who purchased a house as part of this move

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 • Legal fees (notaries) in certain cases moving:

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• Lease termination fees

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• Costs of change of address to all (We need supporting documents government services of all these costs such as notarized contracts

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• Expenses for maintaining the old residence as well as the distribution of disbursements left vacant (maximum $5,000.00) by the notary when buying the house).

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• Transfer duty (welcome tax)

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Buying a new house

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If you bought a house this year and you haven't owned it in the last 5 years, you are entitled to a tax credit. Mention it to us.

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(Accession plan If you have in the past years withdrawn from RRSPs to acquire a first property): house, you may be required to repay these RRSPs (1/15 per year.) The Notice of Assessment from Revenue Canada gives you the details. Bring it to us.

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If you have Medical Expenses:

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Bring all your receipts (Chiro, glasses, dentist, orthodontist, tax receipt from the pharmacy (not all small receipts) etc.

If you have private drug insurance, the statement of costs paid vs. costs reimbursed in detailed format.

If you are housing a relative over 60 who is disabled or over 65 without a disability, you are entitled to tax credits for them.

Bring their tax papers to do OR if they are already produced or bring us the complete copies as they were given to you.

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PLEASE BRING YOUR REVENUE CANADA ASSESSMENT NOTICE YOU RECEIVED LAST SPRING, IT CONTAINS IMPORTANT INFORMATION.

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Tax credit for the purchase of a first home (CIAPH)

For 2022 and subsequent tax years, the budget proposes to increase the amount of the CIAPH to $10,000, which would provide a tax credit of up to $1,500 to buyers of a qualifying home.

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TAX CREDIT FOR THE RENOVATION OF MULTIGENERATIONAL HOUSING

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Since January 1, the federal government has offered a new tax credit to help Canadians live with their parents or a loved one with a disability.

The “Multigenerational Home Renovation Tax Credit,” announced in April in the 2022 budget, came into effect on January 1.

The new tax credit targets expenses related to the renovation of a house that will create a second home to allow a senior or a disabled person to live close to a relative.

The tax credit is 15% of the lesser of eligible expenses and $50,000, up to a maximum credit of $7,500.

Eligible accommodation must be for a loved one over the age of 65 or living with a disability. It can be a grandparent, parent, child, grandchild, sibling, aunt or uncle and niece or nephew.

This second dwelling is defined as “an independent dwelling having a private entrance, a kitchen, a bathroom and a space to sleep”. It could be a new construction or a dwelling created from an existing space "that did not already meet the requirements of a second dwelling".

In addition, the house being renovated must already be lived in, or at least reasonably expected to be within 12 months of the completion of the renovations.

Certain expenses, such as the purchase of household appliances and the cost of housekeeping or other services, are not eligible for the new federal tax credit.

The Parliamentary Budget Officer has estimated that this tax measure will cost the federal government $44 million over the next five years.

This tax credit was one of a number of new “affordable housing” measures promised by the Liberals in the last election. They were included in the 2022 budget last April.