Tax Preparation

At Pratz Bookkeeping & Tax we’re determined to get you the best return possible. Whether you are an individual or a corporation, we’ve got the job covered.

Time does go by quickly and sometimes, before you know it, your taxes haven’t been done in years. If this sounds familiar, you need to come and see us. We are experts in completing back taxes and can certainly provide some mediation with the CRA if necessary.

Not sure what to bring to get your personal taxes done? Here’s a checklist for you. Corporate Taxes and Sole Proprietor Taxes are different and require additional documentation. For more information on that, contact us and we’ll send you a different list.

  • Slips

    • T3 (Mutual funds, REITS, ETFs)
    • T4 (Employment income)
    • T4A (Certain scholarships)
    • T4A (Other pensions & annuities)
    • T4E (EI Benefits)
    • T4A-OAS (Old Age Security benefits)
    • T4AP (CPP benefits)
    • T4 RSP (RRSP income)
    • T4 RIF (RRIF income)
    • T5 (Investment income (interest, dividends, certain capital gains)
    • T5007 (Worker’s compensation benefits and/or social assistance payment)
    • T5013 (Partnership income)
    • T2200 (Conditions of employment/allowable employment expenses)
    • T2202A (Tuition)
    • RC62 (UCCB benefits)
    • T101 (Exploration and development expenses)
  • Receipts

    • RRSP contribution slips
    • Medical expenses
    • Transit pass receipts
    • Charitable donation receipts
    • Political donation receipts
    • Interest paid on your student loans
    • Other interest expenses
    • Carrying charges (including safety deposit box)
    • Child care expenses
    • Children’s fitness and arts receipts
    • Adoption expenses
    • Child support/alimony payments or receipts
    • Moving expenses (including realtor’s commissions)
    • Work-space-in-home expenses
    • Tool expenses (tradespersons)
    • Exams for professional certification
    • Receipts for your rent/property tax (certain provinces only)
    • Attendant expenses for a disabled person
  • Other Documents & Information

    • Amounts you have paid in tax instalments
    • Last year’s notice of assessment or reassessment (for carry-forwards)
    • Other CRA correspondence
    • Other carry-forwards (for example, use-of-home expenses)
    • Capital gains and losses information for stocks, bonds, real-estate, etc.
    • Disability tax credit certificate
    • Rental income & expenses
    • Small business income & expenses
    • Commissioned employee expenses
    • Vehicle logbook (self-employed people & commissioned employees)
    • Volunteer firefighter’s certificate
    • Graduate retention certificate (SK only)
    • Northern residents information
    • Legal expenses to collect alimony, pension or retiring allowances
    • Business investment loss (if you invested in a company that went bankrupt)

Tax planning is an important step in reducing taxes. Together, throughout the year, we will discuss various tax strategies that could potentially save you thousands of dollars. This will enable you to make all the necessary adjustments before the end of the year so that you have some control over how much you pay in taxes.