Personal Tax Returns:
As a rule of thumb the following are the sources of income tax slips that are usually seen apart from the personal tax return:
- Employment Income- T4, T4A
- Pension and Annuities- T4A, T4A(OAS), T4A(P), T4RIF, T4RSP
- Investment Income- T5, T3, T600, T5008, T5013 OR T5013A
- Foreign Assets
- Rental Income
- Registered Retirement Savings Plan (RRSP) Income- T4RSP
- Schedule of Capital Gains and Losses
- Income from Self Employment
- Debt Forgiveness
- Other Income, including the following slips- T4E, T4PS, T5007, RC62, RC210
The following is a list of tax credits that are commonly seen used on a T1 return:
- Spousal Exemption
- Dependents (born earlier than 1993 in the 2013 tax year)
- Disability Amounts- T2201
- Adoption Expenses
- Tuition, Fees and Education Amounts- T2202 or T2202A
- Interest Paid on Student Loans
- Medical Expenses
- Caregiver Amounts
- Charitable Donations- 2013 was the first year of implementation of the first time donors super credit
- Federal or Ontario Political Contributions
- Public Transit Pass Amounts (must be monthly passes or passes for four consecutive weeks)
- Rent or Property Tax Credit (specific conditions apply)
- Child Fitness Credit (max. $500 per child)
- Children’s Arts Tax Credits (max. $500 per child)