What kinds of tax material should I be collecting?
Crowe Soberman’s annual client tax package will be delivered February 2021 and includes a detailed checklist of due dates, information, and tax materials we’ll need to collect. If you are a new client, please review your 2019 slips and receipts as well.
Let us know about any significant life changes that occurred over the past year that may impact the tax materials you submit. Examples of significant life changes would include starting post-secondary school, change in marital status, selling a home, collecting
government COVID-19 relief subsidies (CERB, CRB, EI, etc.), collecting Canada Pension Plan (CPP) or Registered Retirement Income Fund (RRIF), starting a business, or a change in investment strategy. Don’t forget to let us know if your contact information (phone, address, email) has changed too.
For those requesting information regarding their Tax-Free Savings Account (TFSA) contribution room, we advise using your banking information to investigate your own records. Unfortunately, the only access to information from the CRA that our professionals have is limited to TFSA room allotment as of January 1, 2021.