Expenses Sheet for business clients is attached with this email. Please see the attached PDF File

1. Location and Working Hours and Contact Info

Brampton :  4535 Ebenzer Road, Unit 8, Brampton Ontario L6P 2P1.

Phone 647-280-4590, Fax 905-915-8893  Email inforaj05@yahoo.ca    website www.rajsingla.ca, twitter @inforaj05, Facebook  rajsingla

(Check Out my new web site www.rajsingla.ca for Directions and other Tax Related Information)

Working Hour  from 10 to 7:30  Lunch Time 3 to 4:30 all days including Saturday Sunday    accept Monday and Friday . Monday and Friday from 12 to 7:30

Woodbridge  In Epass Office in Italian Bank  7766 Martin Grove Rd Woodbridge On

Working Hour  From 10 to 12  Monday and Friday

2. Major Changes for 2016
3. Fitness credit and arts credit for children will be eliminated from Jan 1 2017. In 2016 tax year It will be 50%
4. b. Income splitting will be gone for parents with children starting with jan 1 2016.
5. Big one Student tution credit will be eliminated from tax year 2017 and onwards. So no more tution and taxt book credit and no more transfer to parents
6. Big news for Teachers and early childhood educator a new tax credit of $1000 equal to $150 for school supplies they use.
7. Waiting period for employment insurance benefit will now be one week instead of two weeks
8. Reduction in Dividend Tax Credit

Checklist and Important information before coming to me

Requirement for tax and paper you have to prepare for Taxes. This is not exhaustive List. So bring everythingthing which is think is important for taxes. Donot over depend on that list. Tax book is more then 400 pages and it is impossible to put everything here. Here i have put all the important things.  Please come prepared when u come to me Because tax time is 2 and half months. Do not wait for last Date. If you have anything payable and you did not file Taxes by due date. CRA will charge 5% penalty and 1% per month interest on the amount payable.

Personnel Clients who donot have business

1. Total:  Please Total everything for the whole Year and write on piece of paper before coming to me.
2. Medical: if you Have medical expenses you have to bring in that format. Medical expenses you will get benefit only if it is more then 3% of your income
3. Name of patient, Name of Doctor Pharmacy,  Description of exp eg dental prescription,  Amount paid. I need one total per doctor or pharmacy
4. b. if you go to pharmacy or dentist they can print for you the one total for the whole year whatever you spent on Medicine.
5. Donation: Everybody should do Donation at least 1% of income if possible. Following are the benefit you get from donation.
6. First 200                               21%
7. Greater then 200             39%
8. Political Donation you can get back 75% of first 400$ and 50 % of the excess amount
9. Thats the money you get back when you do donation
10. VoidCheque: If you are not on Direct Deposit then bring void Cheque or Pre Authorised form from Bank then i will do direct deposit for you.
11. Transit: You can only claim for Transit if you get pass which given you continuous travel for at least 20 Days in Month.  Merely you have a presto Card does not mean that you can claim for transit
12. Name date of birth SIN for new Clients. For old Clients i already have no need to give.
13. New Born baby:  Please tell me if you have new baby born in tax year 2016. Its almost impossible for me to remember everybody personnel information. So Remind me please
14. 8. Address info for new clients but for old clients please tell me if there is change of address, email, Phone no. Please for new clients tell me the condo/unit No if you live in condo or units
15. Notice of Assessment for 2015 tax year. But if you donot have then its Ok> it is needed for RRSP Limit and Home Buyer Plan
16. All Slips T4,T4RSP,T5,T3,T4E,T4A,T4P,T4OAS. RRSP slip
17. Property tax or rent paid. address where PT/rent paid, Postal code, No of month rent paid, Amount paid for every month
18. For education you can claim only if You have t2202A slip. This slip you can print it from College website by logining in. Without this slip you cannot claim education amount. If you have t2202a slip you then donot need any other paper.
19. Transit amount. You can only claim if you get monthly pass or passes of Longer Duration.
20. RRSP you can claim from Period March 01, 2013 to Feb 28, 2014. Please when you come bring the RRSP Info bring what RRSP You did for Jan and Feb 2014. Please do not bring the Slips for Jan and Feb 2013. For Home buyer plan you only need to do RRSP equal to that Amount
21. Please note that if you missed any income Revenue Canada might charge you a penalty of 20% of unreported Income. They definetly charge penaly if it happens Last year also. So be Careful to bring all slips and tell me all income. Please Raise concern if you see major difference in the refund or tax payable between what i calculate or what you think. Please look at the paper carefully before signing.
22. Interest on line of credit or other interst you can claim only if you paid it to earn dividend or interest income. You cannot claim Interest if  you have used the money to buy RRSP
23. Donation Slip you can claim for 5 Years together because on first 200 u get 20% and after you get 40%. On political donation u can get back 75% on first 400$ .
24. Medical expenses you can claim for prescriptions and dental vision if you have slip
25. For Rental income you have to bring me the total for  Hydro, Heat, Water, Property Tax, Mortgage Interest (not actual mortgage), Maintenance, Home Insurance
26. For Day Care u need SIN/Business no of person to whom you are paying it besides the name.
27. Only Child Tax money which is taxable is UCCB 100$ per month. That you get if child is less then 6 Year old.
28. You can Claim $500 for child fitness and $500 for Child arts credit. It is for each child
29. Union dues Receipts.
30. Very Important :Please make sure that you go through your bank statement and find out if you have any additional income which you did not get slip or interest income which you are not going to get any slip.

CRA charges 20% penalty on unreported income if you are cought Second time. Please be careful.

Other Informations

How you can get refund from CRA

1. If you paid Taxes to CRA through tax deducted on T4 or you paid the taxes by instalment
2. If your income is low and you are working. You can get working income tax refund close to $1000 if you are single person or $2000 if you are married.
3. Refundable medical supplement. This you can get if you spent lot of money on medical and you are working also and your income is low.
4. Children fitness refundable tax credit: if you spent money on children fitness less then age 16
5. If you contributed to  CPP and EI ove the required Limit

There is no other way you can get a tax refund from CRA. So please donot waste your time and my time by asking me that i m not making any money and why i m not getting any refund.

Imp Info: There is a myth that i work overtime i will have to pay more taxes. Its completely wrong.  What  Tax is deducted is just a deposit with CRA. Actual Tax is calculated when u come to me. If you do overtime and eg you make $100 and you pay $30 in tax still $70 is in you pocket.