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Tax form

HOME
ABOUT
Income Tax Services
Bookkeeping Services
Services For Business
Tax form

Tax form

Regent Bookkeeping

1332 Regent St.(Across the Shell gas station) Sudbury, Ontario
English: text messages to: 705 662 1345 - Liba Buchal
libabuchal@regentbookkeeping.ca
For service in Spanish message to Business Whatsapp : 705-562-5422
assistant@regentbookkeeping.ca
It's importatnt to remember that this form gathers information on an individual
basis. Consequently, if any family member is required to file their tax return, they
must do so individually and ensure that all necessary paperwork is attached
accordingly.

Tax Form 2024

In Canada, the requirement to file tax returns hinges on various factors, such as
the nature and sum of income earned, alongside individual circumstances. Below
are some overarching principles to guide who should file tax returns in Canada.

Residents of Canada:

Typically, Canadian residents are required to file a tax return every year,
regardless of whether that income originates domestically or internationally.
Residents encompass Canadian citizens, permanent residents, and individuals
with a permanent residence in Canada. Additionally, individuals working in
Canada, irrespective of their permanent residency status, are likely obligated to file
a tax return if they earn income within the country.

People who work in Canada:

If you work in Canada and earn income, regardless of your permanent residency
status, you are required to file a tax return. This obligation applies to individuals
holding a work permit, as well as students with a study permit who are authorized
to work and receive income under current legislation.

Non-residents in Canada:

If you're not a resident of Canada but earn income from Canadian sources, such as
salaries, rents, or investment profits, you may be required to file a tax return in
Canada.

First Name *

Last Name *

S I N"-NUMBER *

Country of current nationality *(newcomers only)

Date of arrival in Canada* *

(newcomers only)

Income or payments received before the date of arrival in Canada in Canadian dollars (newcomers only)If your arrival in the Canada is after January 1, of last year, you must report in Canadian dollars all the income received from January 1 of last year. until the date of your arrival, including the income obtained in your country of origin or any other income received outside Canada. ( newcomers only)

Email *example@example.com

Note: We request automatic authorization from RCA *YES, I AUTHORIZEIF YOU DO NOT AUTHORIZE, WE CANNOT CONTINUE WITH OUR PROCESS

Phone *

Birthday date *

ADDRESS

Street Address *

Apt. Unit, Etc

City

State / Province

Postal / Zip Code

Marital Status *

Occupation *

Add expenses

Financial data *

Annual value *

Additional information that must be uploaded to the Canada Revenue Agency Tax System:

1. Can we authorize CRA (Canada Revenue Agency) to provide your name and address to "Elections Canada"? *IfNo

2. Did you or your spouse acquire any property abroad valued at more than $100,000 Canadian dollars? *IfNo

3. Are new client? *IfNo

4. Did you buy your first home in Canada ? *IfNo

A BELOW IS A LIST OF PERSONAL TAX INFORMATION THAT WE MAY REQUIRE TO COMPLETE YOUR TAX RETURN:

(Please select the ones that apply to you)

Working income / Deductions: (T4 & T4A)

No file chosen

Form T4 is used by employers to report employees' income, deductions and taxes withheld. It contains information about salaries, bonuses, commissions, taxable benefits, income tax deductions, contributions to Employment Insurance (EI) and the Canada Pension Plan (CPP), among other details. Employers issue a T4 to each employee who has received income from the employer during the tax year.

T4A:

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The T4A form is used to report income that is not related to employment, such as pension payments, retirement benefits, investment income, scholarships and other similar income. Payers, such as pension plan administrators, financial institutions or government agencies, issue a T4A to people who have received these types of income.

T4E:

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The T4E form is used to report employment insurance (EI) benefit payments received during the fiscal year. These benefits include regular IS benefits, sickness benefits, maternity benefits, parental benefits and other types of financial support provided to workers who are unemployed or on medical leave.

TPS4:

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The T4PS form is used to report the income, deductions and withholding taxes related to the income of trusts, companies and associations. This form is used by income payers of trusts and companies to inform beneficiaries or partners about the income and deductions that correspond to them.

Employment expenses (a "Conditions of employment" T2200 signed by your employer is required)

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Form T2200, also referred to as the "Declaration of Conditions of Employment for Expense Deductions," is a document issued by employers in Canada. Its purpose is to facilitate the deduction of specific work-related expenses by employees on their tax returns. Essentially, the T2200 serves as a statement where the employer confirms that the employee meets certain conditions of employment that necessitate incurring particular expenses related to work. Examples of such expenses include using the home as a workplace, work-related car expenses, office supplies, work-related cell phone bills, and other job-specific costs. The completion and signing of Form T2200 by the employer are necessary, after which it is provided to the employee. Subsequently, the employee can utilize this document as evidence to support their claims for work-related expense deductions when filing taxes with the Canada Revenue Agency (CRA). It's crucial to note that having a signed T2200 does not automatically guarantee the deductibility of expenses. Employees must still adhere to specific requirements outlined by the CRA to be eligible for deducting those expenses on their tax returns.

Receipts of union/professional fees

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Additional Supporting paperwork

It is intended for self-employed workers; this will allow a first initial evaluation to be carried out

Expenses of self-employed, professional and commission income

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Home office expenses (including the square ft of the house and the square feet used for the office)

No file chosen

Vehicle expenses (including the total annual mileage and the mileage used for business / employment)

No file chosen

Foreign income or other pension income:

Investment Income / Deduction *Note only upload the files that apply to you*

T3 (Quarterly Beneficiary Declaration):

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Form T3 is used to report income and distributions of trusts, including real estate investment trusts (REIT), family trusts, and other types of trusts. It provides information about the income obtained by the trust and how this income is distributed to the beneficiaries.

T5 (Investment Declaration):

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Form T5 is used to report investment income, such as interest, dividends, and capital gains. It is issued to taxpayers by financial institutions, brokers, trusts and other financial institutions that pay taxable income.

T5013 (Declaration of Association):

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Form T5013 is used to report income and deductions from associations and collective societies in Canada. It provides details about the income, expenses, distributions to the partners and other financial transactions of the association.

T600 (Canada Income Tax - Withholding Tax Certificate):

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The T600 form is used by income payers to certify the withholding of taxes on interest payments, dividends and other forms of income subject to withholding tax.

T101 (Declaration of Changes in Profits, Income and Losses):

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The T101 form is used by Canadian corporations to report changes in their income, profits and losses, as well as adjustments in their accounting balances. It is used for corporate tax filing purposes and to provide financial information to the Canadian Revenue Agency (CRA).

Other Income and expenses:

Other income / deductions *Note only upload the files that apply to you*

Benefits received by Governments and Provinces

(RC210 ACWB) Advanced Canada workers benefit

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Advanced Canada workers benefit provides a financial benefit to eligible workers, and can be received through advance monthly payments during the fiscal year or as a tax credit. It must be reported in your 2024 return, you should receive this benefit in the year 2024, in the case you must receive it you must receive a letter or review your account in the CRA to download this form

T5007:

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The T5007 is a form used in Canada to report pension income and other similar sources of income, such as disability benefits, to the Canada Revenue Agency (CRA). Specifies the payments made to individuals who are eligible for provincial or territorial government assistance programs. This form is issued by various institutions, such as social assistance programs, disability programs, among others. Individuals who receive income reported in a T5007 must include that income on their tax return. It is important to keep in mind that the issuance of the T5007 and the responsibility for reporting income correspond to the specific province or territory in which you reside, and not to the Canada Revenue Agency directly. Therefore, the details and specific rules may vary slightly between different regions.

Tuition payment receipts issued from college or university (T2202)

No file chosen

The T2202, also known as "Tuition, Education, and Textbook Amounts Certificate," is a form used in Canada to report the tuition amounts and other educational expenses that are eligible for tax credits. This form is issued by educational institutions such as colleges and universities to students who have incurred educational expenses during the fiscal year. T2202 provides details about the amount of tuition and the eligible educational expenses that a student has paid during the fiscal year. This may include tuition, registration costs, expenses for required educational materials and other education-related expenses.

Maintenance of children and spouses received/paid

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Receipts of medical expenses:

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Receipts of charitable donations

No file chosen

Declaration of interest on student loans

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Receipts for child care expenses (including the name of the caregiver and SIN for individuals)

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Taxes reported previous year (T1)

No file chosen

This applies if you did not file the taxes with us in previous years.

FAMILY NUCLEUS

"It is important to keep in mind that this form collects information individually. Therefore, if any family member must file their tax return, they must also complete the form individually and attach the corresponding slips."

family data

Relationship

Names

Last name

Phone

Birthday date

Occupation

S I N"-NUMBER

E-mail

Date of Arrival in Canada

Your family member will file a tax return?

Additional notes that you want to comment on

Consent *We request automatic authorization from RCA, you can receive online notification with reference to email

SUSCRIBE FORM

Email adress

libabuchal@regentbookkeeping.ca