Category: Time Management

Struggling with Summer Chaos?

Don’t let this summer slip away without slowing it down.

INCOME TAX TIME

INCOME TAX TIME

NEED A BOOKKEEPER/ACCOUNTANT

CALL JENNIFER WERRY – BOOKKEEPER AND LEGAL ASSISTANT

2011 Tax Information Checklist

Please check all that apply and keep receipts and information with checklist.

• Personal information about yourself, your spouse and dependents
  • Name
  • Address 
  • Birth dates
  • Social insurance #
  • Email address
• T-slips
  • T4 – wages
  • T5 – Interest & Dividends
  • T5013 – Statement of partnership income
  • T600 – Canada Savings Bonds, etc…
  • T3 – Trust & mutual fund income
  • T4OAS – Old age security
  • T4E – Employment insurance
  • T4RIF, T4A, T4RSP – Pension and annuity income
  • T2202A – Tuition receipts (if transferring, signature and name of designation required)
• Union/ Association Dues
• Notice of Assessment for 2010
• Details of foreign property owned (shares of foreign companies, rental properties, etc…)
• Investments on which interest has been earned, but not received
• Capital dispositions (sale/redemption of mutual funds, sale of shares, real estate)
• Details of rental income earned and expenses
• Details of business income earned and expenses
  • Bookkeeping services available
• Child care expenses
  • Name, address and social insurance number of daycare provider required
• Children’s fitness receipts and sports club registrations
• Alimony/ child support paid/received during the year
  • Name, address and social insurance number of person receiving payments required, and a copy of the separation/ support agreement if not previously submitted
• 2010 income tax instalment receipt – including your December 15^th payment
• Property tax OR rent paid on your residence (receipts are imperative for claim)
• Interest on student loan payments
• Health and dental plan costs (self-employed)
• Ontario Senior Homeowners’ Property Tax Grant Notice

……..cont…..

OTHER Information Slips

• RRSP Contributions
• UCCB (Universal Child Care Benefit – RC62)
• Charitable Donations (Registered Charities)
• Medical Expenses (certification required for prescriptions, travel over 40 kms, meals, etc…)

Business Use of Home Office

Compile these expenses for a yearly total to be prorated for the use of space in your house to earn business revenue

• Heat
• Hydro
• Mortgage interest
• Property tax
• House insurance
• Telephone and internet
• Repairs and maintenance

Business Use of Vehicle

Compile these expenses for a yearly total to be prorated for the use of your vehicle to earn business revenue

• Car insurance
• Parking
• Gas and oil
• Car/ lease payments with amount of interest if included
• Repairs and maintenance
• KM’S driven for the year total and KM’s driven for the year for business

It’s a New Year – Start it off organized!

New Year 2012

Back to School – Elementary

Organizing for Back to School   It is that time of year again and whether you have a child in Elementary, High school or going off to College or University, you need a plan for the next few weeks.   Elementary   Make sure you have any childcare arrangements made so there are no surprises […]