Ph/ Fax # Cell: INCOME TAX INFORMATION UPDATE

Transcription

1 OAKBANK OFFICE WINNIPEG OFFICE Box 302, Unit Main St Suite Portage Ave Oakbank, MB R0E1J0 Winnipeg, MB R3J3T7 Ph/ Fax # Cell: INCOME TAX INFORMATION UPDATE PLEASE UPDATE ANY CHANGES FROM LAST TAX YEAR (Marital Status, Birth Date, Change in Dependent Status) Full Legal Name Work Ph. # Home Ph. # Cell Fax (consent to CRA Y/N) Address SIN # Date of Birth Spouse s Full Legal Name Spouse s SIN # Spouse s Date of Birth Dependents: Name: SIN # DOB Name: SIN # DOB Name: SIN # DOB ATTACH NOTICE OF ASSESSMENT Tax Years to be filed

2 ARE YOU A US PERSON (by Birth or by Residency)? YES NO DO YOU HAVE US SOURCED INCOME? YES NO DO YOU WANT DIRECT DEPOSIT (PROVIDE VOID CHQ) YES NO FOR CRA CORRESPONDENCE YES NO EDUCATION PROPERTY TAX CREDIT YES NO LEASE/ RENT TAX CREDIT YES NO Please note: If you had income but were not issued a T-slip for it, you must discuss this with the issuer. As a taxpayer, you, not your income provider or CRA, are ultimately responsible for researching, tabulating, and reporting all your income.

3 ELIGIBLE DEDUCTIONS NOTE: Medical total expenses have to be more than either 3% of your net income (line 236 of your return) or $1,728, whichever is less. PRINCIPLE RESIDENCE Starting with the 2016 tax year, you will be required to report basic information (date of acquisition, proceeds of disposition and description of the property) on your income tax and benefit return when you sell your principal residence to claim the full principal residence exemption. 1. Date of Acquisition 2. Proceeds of Disposition 3. Description of Property 4. Capital Improvements (Total Cost) 5. Real Estate Commissions and Legal Fees RENTAL PROPERTIES CRA Form T776- Statement of Real Estate Rentals (starts at $50.00) Summary of Income and Expenses to be provided (lease agreements if applicable) Proceeds of Dispositions (including ACB (Original Cost and date of purchase) and Sale Price and date of sale. Cost of Improvements (receipts may be required by CRA) Legal Fees and Real Estate Costs BUSINESS EXPENSES CRA Form T2200 Declaration of Conditions of Employment (starts at $50.00) Receipts/ Summary of Expenses to be provided Floorplan/ Sq Ft/ Summary of Expenses if Home Office is being claimed. SELF EMPLOYED INDIVIDUALS: CRA Form T2125 (starts at $75.00, preparation/ bookkeeping/ accounting fees as applicable)

4 Statement of Professional Activities (categorized spreadsheet or accounting software report req d) CRA forms T2124 and T2032 Business Use of Home (attached) SOLE PROPRIETER AND PARTNERSHIP RETURNS 1. COMPLETE THE TAX PREPARATION WORKSHEET OR PROVIDE ACCOUNTING (ie: Quickbooks Reports) **If Bookkeeping/ Accounting services are required to organize the information, additional fees will be applied** Additional Information Required 1. Summary of Installments paid 2. Mileage- Vehicle Log Attached 3. CCA Schedule (confirm original date and purchase price of vehicles, etc) All deductions claimed by the taxpayer are subject to CRA approval. You, the taxpayer, must pursue all rejected or disputed deductions at your own expense. Refer to Engagement Document ACCOUNTING AND INCOME TAX SERVICES Individual Income Tax Preparation= starts at $95 (plus applicable CRA Schedules) Joint Income Tax Preparation= starts at $175 (plus applicable CRA Schedules)

5 Sole Proprietor Tax Preparation Level 1- you prepare the spreadsheets (categorized entries) or provide your in house financial statements (ie: Quickbooks) Level 2- you provide your receipts/ information to be categorized and filed unaudited ( Bookkeeping Fees will apply as per the below) Level 3- Level 1 or 2 and financial audit will be completed by CFO (CFO Fees will apply as per below) Bookkeeping Services= $35.00 per hour plus Quickbooks/ Sage 50 monthly fee CFO/ Controller Services= $65.00 per hour CLIENT ENGAGEMENT SIGNATURE X X **FINANCIAL PLANNING/ PRIVATE CLIENT DISCOUNT APPLICABLE** Professional Fees for Financial & Business Planning are invoiced to the client and are potentially tax deductible. Late fees and interest will apply to accounts in arrears at 21% annum. Should collection be required, additional fees may apply. Payment is due in full prior to EFiling.