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Your Personal Tax Resource – 2017

Dear Clients, Associates, and Friends,

We hope this message finds you well!

Your personal tax deadline is approaching and we want this to be a quick and painless experience. To assist you in organizing your 2017 tax affairs, please find your Personal Tax Resource – 2017, and relevant appendices.

We have worked hard to keep this simple, but there is no question that a lot of information is required. Below you will find four fillable documents, including:

  • The Personal Tax Resource for 2017 which must be completed by each adult submitting a tax return
  • The Appendices  which need to be submitted depending on the answers given on your Personal Tax Resource. In the Personal Tax Resource you will be asked a series of questions and directed to the appropriate appendix if necessary.
  • The T1135 Appendix for foreign property owners.

 

More on The Exchange

Make tax season a breeze with The Exchange, our online client file management portal. This secure system is an easy way to send your tax files to us online. If you used Anchor in the past, simply click here to login. If you are new to our online portal, contact our team at we_are@clearlinecpa.ca or 604.639.0909 to get your secure login details. Want to learn more first? Check out our FAQs.

 

What to Do Next

These forms can be completed on the computer, or by printing them (in black and white or colour). Simply click on the link below to download the files to your computer. If you are using your computer, you may also scan your slips and drop everything in  The Exchange  to make the process even easier. If you are not using your computer, we are happy to receive your printed documents to our office.

 

Important Dates

As you can appreciate, there are high demands on our time during the month of April. Consequently, we cannot guarantee completion of your return if it is not received by us before April 15, 2018.

Canada Revenue Agency’s filing deadline for personal income tax returns is April 30, 2018. If you have an unincorporated business, the deadline for you and your spouse is extended to June 15, 2018 but if you have a tax balance owing for 2017, you are required to pay it on or before April 30, 2018. Unpaid balances will be charged interest at the prescribed rate for each day outstanding. Interest paid on outstanding balances is not deductible for tax purposes. These dates are also in effect for annual GST returns.

To avoid late filing penalties, make sure you file your return and remit any amounts owing by the deadline. Penalties and interest are onerous and are assessed even if you are only one day late. If you cannot file your return on time, please call us to discuss a strategy to minimize your penalty.

 

Questions?

As you review the information below, if you have any questions or concerns, please do not hesitate to give us a call at 604.639.0909. If you would like more information about our firm, please visit our website.

We look forward to working with you,

Team Clearline

 

 

Personal Tax Resource – 2017


In your Personal Tax Resource for 2017 you will be asked a series of questions and directed to the appropriate appendix if necessary. Please fill out this form to the best of your abilities, collecting relevant tax slips and supporting documents as you go.

 

Personal Tax Appendices – 2017


The Personal Tax Appendices are required to be completed based on your answers in the Personal Tax Resource. Please complete the form to the best of your abilities.

 

T1135 Appendix – 2017


The T1135 Foreign Income Verification Statement, must be filed by Canadian resident individuals that at any time during the year own specified foreign property costing more than $100,000. Please complete the form to the best of your abilities.