By now, you should have received your T4 as well as most of the other slips and receipts that you need for Canadian tax season. Your T4 slip will generally note your taxable income, benefits, allowances, deductions, and pension plan contributions. Remember, if you changed jobs or had multiple employers last year, you’ll need to make sure that you have T4 slips from all of them.
You may have additional tax documents. Here’s a list of documents that you may have received, with links to the CRA for more information:
- T4, Statement of Remuneration Paid
- T4A, Statement of Pension, Retirement, Annuity, and Other Income
- T4A(OAS), Statement of Old Age Security
- T4A(P), Statement of Canada Pension Plan Benefits
- T4E, Statement of Employment Insurance and Other Benefits
- T4RIF, Statement of income from a Registered Retirement Income Fund
- T4RSP, Statement of RRSP Income
- T5, Statement of Investment Income
- T5007, Statement of Benefits
- T5008, Statement of Securities Transactions
- T3, Statement of Trust Income Allocations and Designations
- RC62, Universal Child Care Benefit statement
- RC210, Working Income Tax Benefit Advance Payments Statement
- RRSP contribution receipt
Once you have your T4 in hand, you’re ready to get started. The question is: how are you going to file your taxes this year?
You may be planning to follow the same tax filing system that you used last year. But is that really the best option? Are you really using the best income tax planning software? Did you know that most tax filing systems leave large gaps for human error? People miss many potential tax credits because they are using inadequate filing methods. What tax credits might you be missing?
That’s why we created the TAXplan app. It’s the only tax app in Canada that pushes your information directly to a professional tax planner – a TAXpro – for filing. When you file your taxes through the TAXplan app, a TAXpro will help to reduce income taxes overall and ensure that you never miss a potential tax credit.
The app offers human expertise and communication. You also benefit from the convenience of technology with the choice of both a web app and smartphone app; choose between them or toggle in between. The two platforms sync for complete convenience. You can access TAXplan’s certified TAXpros to ask questions anytime and from anywhere using the messaging system. You won’t find a more convenient, cost effective, stress-free way to have your tax return processed, maximized, and filed by a professional.
The app has been designed to meet the needs of individuals, families, students, and the self-employed. With your T4 in hand, you can get started right away. There’s a customized checklist and secure file sharing vault that make it easy and convenient for you to interact with your TAXpro.
What if you don’t have your T4 slip?
If you’ve lost or misplaced your slip—or if you never received it in the first place— you’ll need to ask your employer for a copy. If you have any questions, you are welcome to contact us and we can advise on the best course of action.
If you’ve got your T4, there’s no reason to wait to start your taxes. With TAXplan, filing income tax online could be faster than ever. Create your free online profile today and get a personalized quote. Remember, the sooner you submit your return, the sooner you’ll get your potential tax refund. Start now.