Simple Checklist to Make Filing Your Taxes Easier
Written by Robin Taub

Monday, April 4th, 2022

You have to file a tax return if you either owe tax, or you're owed a refund for overpaid taxes, Canada Pension Plan, or Employment Insurance. So use this checklist to help make filing your taxes as efficient and convenient as possible.

Get Organized at Tax Time 

To make sure nothing falls through the cracks, organize your paperwork with an accordion file folder big enough to hold the following documents.

Tax Information Slips:

  • T4 – employment income

  • T4A – RESP payments, pension income, lump-sum payments, self-employed commissions or annuity income. This slip will also report any benefits you received from the CRA due to the COVID-19 pandemic, like the Canada Emergency Response Benefit (CERB).

  • T4E – CERB if applied with Service Canada or any Employment Insurance (EI) benefits.

 

  • T2202A – post-secondary tuition and enrolment certificate

Receipts For:

 

Records Related To:

 
 

Note Important Deadlines

  • For individuals (other than trusts), the deadline for filing your return is normally April 30, but since it falls on a Saturday, it's the next business day, May 2, 2022. All taxes owing are also due on this date.
  • If you're self-employed, the filing deadline is June 15, 2022, however, all taxes owing must be paid by May 2, 2022.

Manage Your Tax Information Online

  • If you haven't already done so, register with the Canada Revenue Agency (CRA)'s My Account in order to check your RSP/RRSP limit, register for direct deposit, view the status of your return and much more.

Prepare Your Return

  • Use NETFILE-certified tax software to guide you through the various forms and schedules on the tax return.
  • Let the information held by the CRA populate into your tax return, and review for accuracy.
  • Don't feel like you have to complete your tax return all in one sitting. Come back and fill in outstanding information as you receive it.
  • Don't file until your return is complete, otherwise you may have to file an adjustment.
  • If your tax situation is complicated, consider seeking the advice of a tax professional, like a CPA.

File Your Return

  • File online with the CRA using NETFILE, which is fast, easy and secure.
  • Pay any tax owing or wait for your refund!
Share now

Interested in growing your savings with Tangerine?

Saving, tracking your spending and staying on top of your finances can all be a breeze.

Related posts

Savings tips from three Canadian social media influencers
Savings tips from three Canadian social media influencers
April 18th, 2023 | Sandy Yong
Cleaning Up Your Personal Finances
Cleaning Up Your Personal Finances
March 24th, 2023 | Preet Banerjee
7 things to know about TFSAs (Video)
7 things to know about TFSAs (Video)
March 1st, 2023 | Tangerine
Legal Stuff
This article or video (the “Content”), as applicable, is provided by independent third parties that are not affiliated with Tangerine Bank or any of its affiliates. Tangerine Bank and its affiliates neither endorse or approve nor are liable for any third party Content, or investment or financial loss arising from any use of such Content.
The Content is provided for general information and educational purposes only, is not intended to be relied upon as, or provide, personal financial, tax or investment advice and does not take into account the specific objectives, personal, financial, legal or tax situation, or particular circumstances and needs of any specific person. No information contained in the Content constitutes, or should be construed as, a recommendation, offer or solicitation by Tangerine to buy, hold or sell any security, financial product or instrument discussed therein or to follow any particular investment or financial strategy. In making your financial and investment decisions, you will consult with and rely upon your own advisors and will seek your own professional advice regarding the appropriateness of implementing strategies before taking action. Any information, data, opinions, views, advice, recommendations or other content provided by any third party are solely those of such third party and not of Tangerine Bank or its affiliates, and Tangerine Bank and its affiliates accept no liability in respect thereof and do not guarantee the accuracy or reliability of any information in the third party Content. Any information contained in the Content, including information related to interest rates, market conditions, tax rules, and other investment factors, is subject to change without notice, and neither Tangerine Bank nor its affiliates are responsible for updating this information.
Tangerine Investment Funds are managed by Tangerine Investment Management Inc. and are only available by opening an Investment Fund Account with Tangerine Investment Funds Limited. These firms are wholly owned subsidiaries of Tangerine Bank. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.