Prepare for your Appointment

☐ Your completed Deductions Workbook*. If you’re claiming self-employment income, make sure you’re getting all the deductions you’re entitled to by categorizing and totalling your expenses as best you can in our Deductions Workbook. Please don’t use an older version of the workbook. Make sure you’ve left yourself enough time to complete it in advance. If you don’t have your workbook ready on appointment day, you may be subjected to filing delays and/or additional fees. Request the current workbook.

☐ Your new car lease contract or details*. If you use your personal vehicle to earn self-employment income and have entered into a new (or new to Personal Tax Advisors) lease, we will need details about the lease, e.g. MSRP of the vehicle, interest rates, payment amounts, length of lease.

☐ Any relevant letters or documents you’ve received from the Canada Revenue Agency.

☐ Income slips for the year. This includes T4s, T4As, T3s, T5s, etc. Note: don’t panic if you can’t find these. We can often obtain them for you directly from the Canada Revenue Agency.

☐ RRSP receipts for the year. Remember that any RRSP contributions made within the first 60 days of a year belong to the previous year’s taxes. I.e., if we’re doing your 2024 tax return, remember to bring your RRSP receipt from February of 2025.

☐ Total medical expenses not reimbursed by insurance. We may not need to use these, but they’re good to have just in case. Medical expenses for you and your family usually must exceed 3% of your or your spouse’s income to have an impact on your tax outcome.

☐ Charitable donation receipts or total donation amount for the year.

☐ Spouse’s income for the year. An estimate is sufficient. However, if your spouse has already filed his or her taxes, please bring his or her tax return.

☐ Did you sell your principal residence in the year? Don’t forget to let us know. It has to be reported, even if it isn’t taxable. We’ll need to know the year in which you purchased it and the amount for which you sold it.

☐ Did you own foreign property costing over 100,000CAD at any time in the year? If so we’ll need a summary of the amounts of your investments and/or the value of any foreign real estate holdings.

☐ Did you own 10% or more of a foreign corporation at any time in the year? We’ll need a summary of your holdings of the foreign corporation(s) in question.

* Applies to self-employed clients only. Be sure to email your Deductions Workbook ahead of time, especially if you’re new to this.