What You Need to Provide for Your Tax Filing

Welcome to Henry & Sophia CPAs: Simplifying Your Tax Season with Expert Services

At Henry & Sophia CPAs, we provide assurance, tax, and bookkeeping services designed to make your financial journey smooth and stress-free. Here's a quick guide to help you prepare for working with us, so we can deliver the best results for you.

What You Need to Provide for Your Tax Filing

We make tax preparation seamless, but your preparation helps us work even more efficiently. Here’s what we recommend:

1. Set Up Your CRA My Account

Ensure your CRA My Account is active. It lets you access key details like:

• Refund statuses

• Outstanding balances

• RRSP & TFSA contribution room

• Notices of Assessment (NOA)

This also keeps your address and personal information updated. We can also help you learn how to register for CRA My Account.

2. Share Life Changes

Tell us about any major life updates. These events can significantly impact your tax return:

• Marriage, divorce, or new dependents

• Property sales, moves, or renovations for accessibility

• Starting a business, side gig, or rental property

• Reaching retirement or collecting CPP

• Education expenses for you or your child

3. Organize Your Paperwork

Keep your documents ready! These are the common items we’ll need:

• Income Slips: T4s, T4As, T5s, T3s, and other relevant slips (many of these can be conveniently retrieved directly from your CRA My Account).

• Receipts: RRSP contributions, medical, donations, childcare, moving expenses

• Rental or business records: Income and expense summaries

• Property documents: Mortgage or property tax statements

• Education records: Tuition and interest forms

Pro Tip: Keep all documents (physical or digital) for at least 6 years, as required by the CRA.

4. Fill in the Gaps

Not sure if you have all the records? Here’s how to track missing details:

• Medical expenses: Request annual summaries from pharmacies, practitioners, and health plans.

• Travel for healthcare: Log dates, distances, and receipts for travel to specialists.

• Employer health plans: Claim your premium costs as a deduction if applicable.

Why Choose Henry & Sophia CPAs?

• Expert Tax Filing: Our professionals ensure your taxes are accurate and maximize your credits and deductions.

• Convenience First: Upload your documents securely online—no in-person visits required.

• Tailored Services: Whether you need tax preparation, bookkeeping, or assurance, we customize solutions to meet your needs.

Ready to experience a stress-free tax season? Let’s get started! Contact us today to schedule a consultation or upload your documents.

Henry & Sophia CPAs – Your Success is Our Priority.