Did you know that...

• You must make your RRSP contribution no later than the first 60 days of the current year for it to be deductible in the previous year's tax return;
• It is mandatory to file your return, both federally and provincially. You must keep supporting documents related to your taxes for six years.

Discover elements not to forget when preparing your tax return for the year.

• RL-1 and T4: Employment income
• RL-2/T4A: Pension and annuity income
• RL-3/T5, RL-16/T3, RL-18/T5008: Investment income
• T4E: Employment insurance
• T4RSP and T4RIF: RRSP or RRIF withdrawals
• RL-6/QPIP Benefit (Quebec Parental Insurance Plan)
• RL-19: Advance payment of tax credits for childcare expenses
• RL-31: Information about housing occupancy
• Medical expenses (dentist, medication, glasses, etc.)
• Charitable donation receipts
• RRSP contribution receipt
• Political contribution receipt (federal or provincial party)
• Union and professional dues
• Last year's federal and provincial notice of assessment
• Interest paid on eligible student loans
• Deductible carrying charges

Are you a homeowner or tenant?

• First-time home buyer's credit (federal and provincial)
• HBP repayment (Home Buyers' Plan)
• Declaration of home sale

Do you have children?

• Amount transferred by a child of age in post-secondary studies (provincial)
• Childcare expense receipts (RL-24)

To know the detailed list of refundable and non-refundable tax credits, visit the CRA and RQ websites.

Are you self-employed?

• You can deduct your current expenses and asset acquisitions as well as depreciation on your current expenses. A detailed section is dedicated to you on the Canada Revenue Agency and Revenu Québec websites.
• Optimize your refund thanks to deductions and tax credits.

There are several tax credits and deduction possibilities to obtain a better tax refund.

Friendly Advice

Do not hesitate to prepare tax returns for all family members at the same time. Why? Because expenses that provide no benefit to some could be transferred to another family member, who could then benefit from them.

Need help filling out your tax return?

If you have a low income or are unable to prepare your tax return yourself, know that the Canada Revenue Agency trains volunteers across the country each year to lend a hand. To find a volunteer near you, call 1 800 959-7383 and visit the Community Volunteer Income Tax Program website. Or at least use the services of a chartered accountant.