What Documents Do I Need for Tax Season?

What documentation should you include with your return and which records should you maintain? If filing electronically, retain all receipts and documents as the CRA may request them later. For paper filings, the information provided will specify necessary attachments like certificates, forms, schedules, or receipts. It's advisable to retain all receipts and documents for at least six years post-filing to accommodate potential CRA reviews.

Regarding record-keeping, it's prudent to keep copies of your return, the associated notice of assessment, and any notice of reassessment. These documents aid in completing subsequent returns, incorporating details like unused tuition, education, and textbook amounts carried forward. Access to your notice of assessment or reassessment online is available through My Account for Individuals.

For slips, if filing electronically, maintain all related documentation. For paper returns, include one copy of each information slip received, indicating income received during the year and associated deductions. Common slips include T4 for employment income, T4A for scholarships, fellowships, and bursaries, and T5 for investment income.

Regarding receipts, if filing electronically, keep them handy. For paper returns, include receipts for claimed amounts.

When it comes to supporting documents, maintain all necessary records if filing electronically. For paper returns, attach completed schedules as required, but refrain from sending supporting documents for amounts claimed on those schedules.

If you have any questions, make sure you contact our office so you don’t miss anything.