Dear Client,
The time has come to begin thinking about the preparation and timely filing of your 2020 personal income tax returns.
We kindly ask that you send us your tax information using one of the methods below:
- Send your Baker Tilly contact all your tax documents in one email via “Secure File Drop” – please refer to the Appendix A below for your contact’s secure upload link
- Drop off your tax documents in the Dropbox at our office
Click here to access the detailed organizer for 2020 - Personal Income Tax Checklist.
Please be sure to complete the checklist and send it back to us along with all your relevant tax documents.
We have updated the checklist this year to make it more user friendly – you can now download it and fill it in on your computer! You can also still print it out and fill it in by hand if that is preferable.
***NEW! Other employment expenses ***
If you worked from home in 2020 due to COVID-19, you may be able to claim certain employment expenses.
For more details, please refer to our “Home Office Worksheet” within our “Personal Income Tax Checklist” package which provides details on the eligibility criteria and information we will need for the claim.
***NEW! Digital news subscription expenses ***
For the 2020 to 2024 tax years, you may be able to claim a non-refundable tax credit for expenses you paid in the year for a digital news subscription with a qualified Canadian journalism organization. You can claim up to $500 for amounts you paid in 2020 for qualifying subscription expenses.
***NEW! Canada training credit (CTC) ***
You can claim the CTC for eligible tuition and other fees paid to an eligible educational institution in Canada for courses you took in 2020, or fees paid to certain bodies, in respect of an occupational trade or professional examination taken in 2020, if all of the following apply:
You were a resident in Canada for all of 2020
You were between 26-66 years old at the end of 2020
You have a Canada training credit limit for 2020 on your 2019 notice of assessment or reassessment
A FEW IMPORTANT REMINDERS:
- Realized gain or loss summary – Please ask your broker for a realized gain or loss summary.
- Foreign Income Reporting Requirements – Please ask your broker to provide a detailed summary of your foreign reporting information
- Prescription Drug Summary – Pleas ask your pharmacist for a summary of all prescription medication sold to you, your spouse and your children in 2020
Please contact us if you have any questions.
BAKER TILLY MONTREAL, S.E.N.C.R.L./LLP
Appendix A
Please use one of the following links below to upload your documents to your Baker Tilly contact securely
*If your Baker Tilly Montreal contact is not listed above, please contact them directly to request their Secure File Drop link.