Due to the increasing complexity of the Canadian taxation system, proper tax planning and timely reporting are integral parts of our daily activities. The Canadian tax system is built around the premise of self-assessment, where taxpayers, as individuals are responsible for determining, reporting and remitting the respective taxes owing to the Canadian tax authorities. This can be a daunting task, especially for those with little or no knowledge about Income Tax legislation. The legislation itself is in a state of constant modification to adjust for changes in the Canadian economy and political environment. Without an updated understanding of this legislation, the Canadian taxpayer can find themselves lost in the legalese of the Income Tax Act.
	For the most part, the Canadian tax system has been setup so that individuals can get the information they require in order to satisfy their obligations under the Income Tax legislation. An excellent resource is the Canada Revenue Agency’s website, which provides links to forms and publications on a variety of common tax issues.  Despite this, most Canadians seek the advice of professionals to assist them as they may not have the time, ability or desire to deal with these obligations. In order to assist our valued clients, we are providing a number of resources to aid in understanding and preparing for your Income Tax obligations. In order to help you organize your documentation, we have provided a checklist outlining the required information and documentation to prepare your returns. For our corporate clients, we have also included a checklist for the information required to complete your corporate Income Tax returns. Please feel free to contact us if you have any questions or require further information with respect to these checklists. We are also available if you would like a customized information package designed specifically for the needs of you or your company. Please note that all information presented on this website is general in nature and may or may not apply to your or your company’s situation specifically. For information related to you or your company’s particular situation, please contact us directly.