Deductions Reference Guide

Deductions Reference Guide

• RRSP Contribution Slips: RRSP Contribution Receipt, including first 60 days of the current year we are in right now (March 1 to February 28)
• Professional Dues and Fees/Union Dues: Receipts from association dues or fees paid
• Child Care Expenses: Child Care Receipts provided by the individual or organization that received the payment. If it is an individual, make sure that the receipt shows the individual’s social insurance number.
• Moving Expenses (greater than 45 KM closer to your work, business or school): Distance between old and new residence, distance between new residence and new work or school location. Detailed summary of all expenses incurred for move.
• Spousal and/or child support payments: Separation/divorce agreement, amounts paid for each
• Interest and Management fees for investments: Statement or other documentation proving amounts paid
• Employment expenses: Completed T2200 signed by your employer, summary of employment expenses.
• Clergy Residence: Completed T1223 signed by your employer, summary of home expenses
• Stock Options from Employment: T4 and documentation for details of stock options
• Armed Forces or Police: T4
• Northern Residents Deduction: Confirm if you live in any of the prescribed zones defined by the CRA (Link – https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-25500-northern-residents-deductions/line-25500-places-located-prescribed-zones.html)
• FHSA (First Home Savings Account) Contribution: T4 FHSA Slip