Personal Tax

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All Canadian residents need to submit their current year income tax return by April 30th of next year. Team Imperial assists the taxpayers in identifying the income tax slips and make sure all applicable deductions are included as well as to ensure all tax credits are applied correctly on taxpayer’s personal income tax return to obtain maximum refund.
The listed items (as applicable) usually required to complete personal tax return:

Income Slips
  • Employment Income – T4, T4A
  • Investment Income – T5, T3, T600, T5008, T5013/T5013A
  • Pension and Annuities – T4A, T4A(OAS), T4A(P), T4RIF, T4RSP
  • Rental Income
  • Trading Summary for Stock Trading
  • Income from Self Employment
  • Other Income, including the following slips- T4E, T4PS, T5007
  • Foreign Assets
  • Debt Forgiveness
Deductions
  • Employment Expenses
  • RRSP Contributions
  • Membership Fees, Union & Professional Dues
  • Investment Property’s Expenses
  • Moving Expenses
  • Child Care Expenses
  • Alimony & Maintenance Payment
  • Disability Support Expenses
  • Legal Fees
  • Income Tax Installments Paid
  • Pension Adjustment Reversal/Past Service Pension Adjustments
Tax Credits
  • Disability Tax Credit
  • Tuition Paid for Post-Secondary Institution – T2202 or T2202A
  • Interest Paid on Student Loans
  • Medical Expenses
  • Caregiver Amounts
  • Charitable Donations
  • Political Contributions