Did you know...
- You must make your RRSP contribution within the first 60 days of the current year for it to be eligible.
- You have until April 30 to file your taxes.
(Self-employed workers: although you must pay your taxes no later than April 30th, you have until June 15th to file your income tax return.
- You must file a federal and a provincial income tax return.
- You must retain any and all supporting documents for six years.
What must you declare in your income tax return?
- Employment income (T4 and Relevé 1)
- RRSP contributions
- RRSP or RRIF withdrawals (T4RSP and T4RIF)
- Medical expenses (dentist, prescription drugs, eyewear, etc.)
- Public transit costs (remember to keep your pass)
- Charitable donation receipts
- Investment income (T5 and Relevé 5, T3 and Relevé 16, T5008 and Relevé 18)
- Political contributions (federal or provincial parties)
- Union and professional dues
- Federal and provincial notices of assessment from the previous year
- Employment insurance (T4E)
- Pension and annuity income (T4A/RL-2)
- Deductible student loan interest
- Deductible financial costs
Do you own or rent?
- Document provided to the renter by the owner (Relevé 31)
- Homebuyer’s credit (federal and provincial)
- Home Buyer’s Plan (HBP) repayment
- Declaration of sale of a home
Do you have children?
- Amount transferred to an adult child for post-secondary education (provincial)
- Childcare receipts (Relevé 24)
- Revenu Québec advance childcare payments (Relevé 19)
- Child support or spousal support if not established based on a court decision or if no agreement was signed
- Quebec Parental Insurance Plan (QPIP) (Relevé 6)
For the detailed list of refundable and non-refundable tax credits, visit the Canada Revenue Agency and Revenu Québec websites.
Are you self-employed?
Did you know that you can claim your expenses and purchases, and the amortization of your expenses? Visit the Canada Revenue Agency and Revenu Québec websites for more information.