Corporate Tax Documents

• Previous year’s T2 Corporation Income Tax Return (if available)

• Notice of Assessment (NOA) from the CRA for the previous year

• Corporate minute book or shareholder register

Financial Statements

• Year-end Income Statement (Profit & Loss Statement)

• Year-end Balance Sheet

• Trial Balance or General Ledger summary

• Adjusting journal entries (if any)

Income Records

• Summary of all business revenue and sales

• T4 slips for employees (if applicable)

• T4A slips issued to contractors

• Investment income slips (T5, T3, etc.)

Expense Documentation

• Categorized summary of all business expenses

• Receipts and invoices for major purchases (especially over $500)

• Vehicle expense logs (mileage or detailed method)

• Travel, meal, and entertainment expense records

Asset & Equipment Information

• List of assets purchased or sold during the year (date, cost, and description)

• Details required for Capital Cost Allowance (CCA) calculations

• Lease agreements for vehicles or equipment

Shareholder & Payroll Information

• Record of salaries, bonuses, and dividends paid to shareholders

• Shareholder loan balances and transactions

• Details of any related-party transactions

GST/HST Documents

• GST/HST filing summaries for the year Input Tax Credit

• (ITC) supporting documents GST/HST registration number
   

Other Supporting Documents

• Bank and credit card statements (if requested) Prior year corporate tax working papers (if switching accountants)

• Any CRA correspondence or notices received during the year