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Canadian Personal Tax Preparation Checklist: 2022-2023

Updated: Sep 8, 2023

Plan beforehand so that you can file your taxes easily. A thorough checklist can help you keep track of potential tax deductions and maximize your tax savings. We've put together a comprehensive tax preparation checklist to make sure you don't forget anything when you file your 2022 income tax return. Get started by checking out our checklist before the end of year.

Canadian Personal Tax Preparation Checklist

Canadian Personal Tax Preparation Checklist: 2022-2023

what documents do you need to file your

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2022 income tax return?

Tax Slips for Income

  • Employment income (T4)

  • Fees for services (T4A)

  • Contract payments (T5018)

  • Partnership income (T5013)

  • Interest and mutual funds (T3,T5008)

  • Dividends (T5)

  • Old age security (T4A-OAS)

  • CPP benefits (T4A-P)

  • Pension and annuity income (T4A)

  • RRSP and RIF income (T4RSP, T4RIF)

  • Employment insurance benefits (T4E)

  • COVID-19 benefits received (T4A)

  • Social assistance payments (T5007)

  • Workers' compensation benefits (T5007)

  • Research grants, scholarships (T4A)

  • Other income not reported on tax slip

Receipts for Expenses

  • Receipts for RRSP contributions

  • Tuition receipts (T2202A)

  • Union dues and professional membership

  • Exams for professional certification

  • Teacher's school supplies

  • Employment costs (T2200)

  • COVID-19 home-work expenses (T2200S)

  • Childcare expenses, support payments

  • Disability tax credit for self or dependents

  • Medical expenses

  • Personal attendant/facility care expenses

  • Charitable donations

  • Political contributions

  • Home accessibility expenses

  • Moving expenses for study/job

  • Student loan interest amounts

If You Own Personal Residence

  • Receipts for mortgage interest payment

  • Insurance premium, property tax

  • Energy efficient upgrade

  • Sale or purchase of primary house

If You Own Rental Property

  • Rental Income

  • Insurance premium, professional fees

  • Receipts for repairs and maintenance

  • Mortgage interest, property tax paid

If You Self-Employed

  • The gross amount of self-employment earnings from a business/profession/commission

  • Expenses - office, supplies, utilities, sub-contracts, maintenance, meals, fees, interests, insurance

  • A list of capital goods (i.e. motor vehicle, equipment, furniture etc.)

  • Vehicle expenses, miles traveled for self-employment purposes, logbooks for mileage

Personal Information

  • Name, social insurance number, date of birth, mailing address, residency status and location

  • Information about spouse/common-law partner, children and other dependents

  • Net income of spouse/common-law partner/dependents

Prior Tax Years' Information

  • Last year's Notice of Assessment or Notice of Re-assessment

  • The amount of tuition carried over from prior years

  • Leftover unused RRSP from the previous years, RRSP contribution limit amount

  • Tax installment paid,

  • Any balance owing amount to CRA

  • Other carry forwarded amounts (donation, investment loss, moving expense, student loan)

Absolutely, taking the time to gather all the necessary paperwork and documents for your Canadian personal tax preparation checklist is a crucial step in ensuring that you can make the most of any available tax deductions and credits. Being thorough and organized can potentially lead to significant tax savings and reduce the likelihood of errors or omissions in your tax return. Here are a few additional tips to help you make the process smoother:

  1. Start Early: Begin collecting your tax-related documents early in the year so that you have ample time to review them and seek clarification if needed.

  2. Use Digital Tools: Consider using digital tools or apps to help you organize and store your receipts and documents. Many apps can scan and categorize your receipts, making it easier to track deductible expenses.

  3. Consult a Tax Professional: If you have a complex tax situation, investments, or are unsure about specific tax rules, consulting a tax professional can be a wise investment. They can help you maximize your deductions and ensure compliance with tax laws.

  4. Stay Informed: Keep an eye on changes to tax laws and regulations that might impact your tax return. Find out about changes to tax rules or tax credits by going to the Canada Revenue Agency (CRA) website or talking to a tax pro.

  5. Plan for Future Tax Savings: As you go through your tax preparation process, take note of strategies and opportunities for future tax savings. This might include planning for RRSP contributions, tax-efficient investments, or other tax-minimization strategies.

  6. Set Reminders: Use calendar reminders or digital tools to keep track of important tax deadlines, such as the filing deadline, RRSP contribution deadline, and payment due dates.

Remember that while collecting and organizing your tax documents may require some effort, the potential tax savings and financial benefits make it a worthwhile endeavor. It can also reduce the stress associated with last-minute tax preparation and help you file your taxes accurately and on time.


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