Picture this. Tax season has snuck up on you once again and you’re scrambling trying to find all the documents you need, trying to make sure you’re not forgetting anything. 

You may not have an idea of where to start and this is why having a tax checklist is important and a great way to stay organized. In this article, we’ll go through everything you need to have handy when filing your taxes.

What documents do I need to file my taxes?

When you file your taxes you will need certain forms and supporting documents to complete your return.

Personal Information

For starters, you will need to have the following on hand to prepare a tax return:

  • Social Insurance Numbers for you, your spouse, and any dependents (if applicable)
  • Dates of birth for family members
  • Net income amounts for your spouse and any dependents for whom you’re claiming credits such as the Canada Caregiver Amount, which is one of many you may be entitled to.
  • If you’re claiming a tuition transfer from your spouse or child, keep a copy of their completed return handy as you’ll need to enter a few different amounts from it.
  • The total amount of installment payments made to CRA
  • Notice of Assessment from last year’s return. Along with acting as a guide for this year, you’ll also find your unused amounts for tuition, losses, moving expenses, and capital cost allowance.

The only tax checklist you need

Get organized and tackle your taxes like a pro. This tax checklist tells you everything you need to file your 2021 return on time and accurately.

Income Slips

Depending on the type of income you’re bringing in, below is a list of the different forms you may be required to complete.

Employment

Self-employment

Savings and Investments  

Retirement

Social Benefits and Employment Insurance

Tip: Have you signed up for CRA My Account?

If your answer to this question is no, then this is the first thing you need to do. It will allow you to check on the status of refunds, your outstanding balances, RRSP & TFSA contribution room, and as well keeping the Canada Revenue Agency (CRA) up to date on any changes to your personal info. It only takes a few clicks to set up an account!

Expense Receipts for Credits and Deductions 

The CRA offers a variety of credits and deductions to those eligible, which help you reduce your tax owed. Throughout the year, make sure you keep all relevant receipts, bank records, and any other supporting documents as proof of your expenses. 

Here are some of the common receipts you should have handy when you start filing your 2021 tax return:

Work-related Expenses

Tip: if you are self-employed use our expenses calculator to see how your business expenses may affect your taxes and estimate how much tax you can save.

For Families

For Homeowners and Landlords

For Students

Other Common Expenses

Depending on your province of residence, you may also need a few other amounts for certain provincial credits such as rent receipts, property tax, or children’s fitness and arts expenses.

Does CRA need original receipts?

When filing a tax return it’s important to keep all your receipts and documents in case the CRA requests to see them at a later time. Also, note that the CRA requires that you keep the original copy of your paper documents.

Other Documents/Information

It’s also important to keep tax documents from previous years. You may need to include some of this information when filing for the current year. For example:

  • Last year’s notice of assessment from the CRA
  • Tuition carry forward amounts
  • RRSP deduction limit and unused amounts
  • Loss carry forward amounts
  • Other carry forward amounts (business-use-of home, donations, etc.)
  • Other CRA correspondence

Next Steps and More Resources

Keeping a detailed checklist is a great way to stay organized and keep track of what deductions you may be eligible for. 

At TurboTax, we have several tools you during tax season:

  • Our income tax calculator will give you an estimate of how much tax you can expect to pay, as well as your income tax refund
  • Our RRSP calculator will crunch the numbers for you and show how it can change your tax situation
  • Join our community to connect with experts and other users who share your experiences and ask any questions you may have while filing your taxes

When filing a tax return it’s important to stay organized and make sure you have everything handy before you begin the filing process. TurboTax is here to make the filing process as seamless as possible, whether it’s by providing easy-to-use software for you to file on your own or giving you access to a team of tax experts to support you or even submit a return on your behalf. This ensures that tax season is as efficient as possible for you, while getting the best refund possible.

The only tax checklist you need

Get organized and tackle your taxes like a pro. This tax checklist tells you everything you need to file your 2021 return on time and accurately.