FAQs

Which tax slips will I need to do my taxes ?

  • T4/Relevé 1 - Job

  • T4A/Relevé 2 - Self employed income

  • T4E/Relevé 6 - Employment insurance and parental benefits

  • T4PS/Relevé 25 - Dividends or earnings

  • RRSP contribution receipts

  • T4RSP/Relevé 2 - Income from an RRSP

  • T4A(OAS) - old age security

  • T4A(P) - Pension plan benefits

  • T5/Relevé 3 - Investment income

  • T5007/Relevé 5 - Welfare

  • T2202A/Relevé 8 - Tuition fees

  • Relevé 24 - Child care fees (issued by the provincial)

  • Relevé 31 - Information if you are a tenant (issued by the owner)

Additionally, we can declare:

  • Any medical receipt

  • Political donations or contributions

  • alimony

  • Union dues

  • Interest paid on student loan

  • Examination for professional certification

I will also need...

  • Your taxes from last year

  • Your provincial and federal notices of assessment from last year

Are there any specific documents to provide due to COVID-19?

Yes, you should receive a T4A or T4E slip and a Relevé 1 if you received the CERB during the tax year. In addition, your employer can provide you with documents for the expenses incurred due to remote work. Otherwise, we can still deduct work-at-home expenses on a Prorated basis. To do so, I will need your WFH dates.

Did you know that…

Starting from 2021, some magazine/website/newspaper subscriptions are tax deductible.

For the complete list, click here.

New in 2023

  • The claimable amount up to a maximum of $500 for remote work is still in effect.

  • The basic personal amount has increased this year and is now at $15,000; this means you can expect a bigger tax return.

  • The TFSA contribution limit increases in 2023 and will now be $6,500 for the year.

  • New Old Age Security pension limit, depending on income.

  • Since 2023, the personal income tax rate has been reduced from 15% to 14% for the first income bracket and from 20% to 19% for the second income bracket.

  • CELIAPP, which allows individuals to save for the purchase of their first home, is now effective.

  • Since July 1, 2023, the amounts related to the solidarity tax credit have increased, from $638 to $677 for a single person, from $774 to $821 for a couple without children or a single-parent family and from 1 $046 to $1,109 for a couple with two children.

  • The amount for the purchase of an eligible home increased from $5,000 to $10,000.