• WHAT DOCUMENTS DO I NEED TO BRING WITH ME WHEN I FILE MY TAXES ?

    Mohamed Al Bayoumi |

    LIST OF DOCUMENTS YOU MAY NEED: T4 ‒ Employment Income T4A(OAS) ‒ Old Age Security T4A(CCP) ‒ Canada Pension Plan Benefits T3 ‒ Trust Income Allocations and Designations T5 ‒ Investment Income T4E ‒ Employment Insurance Benefits T4A ‒ Pension, Retirement, Annuity & Other Income T4RSP ‒ Registered Retirement Savings Plan Income T4RIF ‒ Income from a Registered Retirement Income Fund Social assistance payments Workers’ compensation benefits Sale of stocks, bonds or real estate Support for a child, spouse, or common-law partner RRSP contributions Professional fees or union dues Tool expenses T2202A ‒ Tuition/Education amounts Interest paid on student loans Transit passes Charitable donations Political contributions Child care expenses Adoption expenses Children’s fitness programs Moving expenses Automobile expenses for business/self-employed Travel expenses for business/self-employed Office-in-home expenses Rental income &…

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  • WHEN IS THE DEADLINE FOR FILING MY TAXES ?

    Mohamed Al Bayoumi |

    April 30 is the deadline.

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  • CAN I FILE MY TAXES AFTER THE DEADLINE ?

    Mohamed Al Bayoumi |

    Sure you can, and also you need to be aware that there might be penalties or interests to be collected in case you owe the CRA. Also you may get benefits payouts delayed such as GST or child tax benefits. So it’s always better to file your taxes as early as possible and on or before the due date.

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  • WHAT IS THE PENALTY FOR FILING MY TAX RETURN LATE ?

    Mohamed Al Bayoumi |

    Late-Filling penalty can be found on the CRA website. we will quickly mention that “the penalty is a 5% of your 2014 balance owing, plus 1% of your balance owing for each full month your return is late, to a maximum of 12 months.” Please visit the CRA website for more information.

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  • IF I DID NOT FILE MY TAKES LAST YEAR OR ANY YEAR, CAN WE STILL FILE THE MISSING YEARS ?

    Mohamed Al Bayoumi |

    Yes! you have the ability to file passed years.

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  • DO YOU TAKE A PERCENTAGE FROM MY RETURN ?

    Mohamed Al Bayoumi |

    No your return is fully your’s, we have a fixed fee.

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  • WHEN IS THE LAST DAY FOR RRSP CONTRIBUTION ?

    Mohamed Al Bayoumi |

    March 2, 2015 is the deadline for contributing to an RRSP for the 2014 tax year. Age limit for contributing to an RRSP. December 31 of the year you turn 71 years of age is the last day you can make a contribution to your RRSP

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  • HOW LONG SHOULD I KEEP MY INCOME TAX RECORDS ?

    Mohamed Al Bayoumi |

    The recommended amount CRA provides is 6 years. Of course, it never hurts to keep all your records in order!.

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  • I LOST MY T4, HOW DO I OBTAIN PRIOR YEARS' T4 SLIPS ?

    Mohamed Al Bayoumi |

    Call CRA at 1-800-959-8281 for prior years’ T4 slips

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