Personal income tax checklist
For 2025, we have outlined the key tax issues in the checklist below.
Online Client Portals
The NEW TaxDome Portal
The old Client Track Portal* Available for a limited time
Resources
If you require further information, please call our office – we’re happy to discuss any of the topics briefly outlined below
TAX FORMS
Please fill out the forms below if requested
Personal
Business
CRA
Client Track
Helpful Links
Personal
FINANCIAL CONSUMER AGENCY OF CANADA
Canadian federal agency working to protect and educate consumers of financial services. It oversees insurance, banking, and investing. There are several helpful calculators to take advantage of – including budget and mortgage calculators.
CANADIAN RETIREMENT INCOME CALCULATOR
The calculator’s results are rough estimates based on the information that you provide. Although the results should not be considered financial advice, it is a great tool to help you get started.
CPP CALCULATOR
Curious about how your contributions to the Canada Pension Plan (CPP) impact your retirement income? Use the CPP Benefits Calculator to estimate your future benefits. This tool helps you understand how much you can expect from CPP based on your contributions and retirement age.
TaxTips.ca Basic Canadian Tax Calculator
The Basic Canadian Income Tax Calculator provides a simple way to estimate your tax. Whether you’re filing for the current year or a previous one, this tool helps you get a rough estimate by factoring in your income, captial gains, and dividends.
What You Should Know Before You Transfer Life Insurance
Planning for all of life’s events is not always possible. The same can be said for the transfer of a life insurance policy to a new owner, whether an individual or corporation. While it’s best to avoid the need to transfer life insurance entirely – and the accompanying tax consequences, which can be complex and onerous – it’s not always possible to foresee every future circumstance, and so sometimes, it just needs to be done.
Passing on the family cottage
For many families, a summer or winter home or cottage is one of their most treasured assets. Most cottage owners want the cottage to stay in the family for generations. However, this requires significant thought and planning. Families need to know that legal costs and family disputes come with poorly managed cottage succession. This article identifies common problems and some solutions for passing on the cottage. It is not meant to be exhaustive. Legal advice should be sought so that the particular circumstances of each family and cottage can be considered.
Business
BDC ENTREPRENEURS FIRST
BDC’s mission is to help businesses grow and succeed through flexible financing, business consulting and venture capital. As Canada’s business development bank, they work with entrepreneurs in all industries and stages of development, with a focus on small and medium-sized enterprises.
DOING BUSINESS – MEASURING BUSINESS REGULATIONS
The Doing Business project, launched in 2002, looks at domestic small and medium-size companies and measures the regulations applying to them through their life cycle.
BIZPAL
BizPaL is jointly managed by a partnership involving governments at the federal, provincial, territorial and municipal levels. Provinces, territories and hundreds of municipalities have collaborated together to provide you with the permits and licences that may be required to start and grow your business.
Heading for the Exit: Preparation for the Sale of your Business
You’ve spent years, maybe decades, tirelessly building your business. When the time to sell approaches, the realization sets in that the success of that sale will impact not just your retirement, but also the legacy you leave for employees, the community and your family. At the same time, most businesses are not “sale ready”. Below is an overview of key considerations as you prepare for a sale.
CRA
CRA CHECKLIST FOR SMALL BUSINESS
Use this checklist to understand each stage of your business’ lifecycle. Although the checklist may not show everything you need to know, you may find it a great place to start. You can find more information from the links supplied.
CRA CHARITIES AND GIVING
Information about regulating the political activities of charities
CRA YOUTUBE CHANNEL
The Canada Revenue Agency (CRA) administers tax and benefits programs, and ensures compliance with Canada’s tax laws. There are many helpful videos to peruse on their channel, discussing topics such as filing online, e-services and direct deposit.
CRA APPROVED MEDICAL EXPENSES
Do you have a handful of medical-related expenses? Not sure if they are claimable? Medical Travel to another city for a specialist, gluten-free products for a beloved Celiac, essential supplies for those with Diabetes… Even if you are covered, premiums paid to private health services plans can be claimed. We encourage everyone to take a thorough look at CRA’s detailed list of Eligible Medical Expenses. And remember: Every little bit helps!
SCAMMER RECOGNITION
Scammers often impersonate the CRA to steal personal information or demand payments. Visit the CRA’s official webpage to learn how to recognize the warning signs of fraud, understand when the CRA may contact you, and what steps to take if you suspect a scam.
GST/HST Registy Search
Looking to verify business HST information? Use the Business Registration Online Registry.
Client Track
PORTAL LOGIN
UPLOADING TO CLIENT TRACK
This page makes it easy to upload a file to our Client Track portal.
HOW TO USE E-SIGNATURE
How to e-Sign with the Client Track portal.
Helpful Links
Internet Archive Wayback Machine
The Wayback Machine is a digital archive of the World Wide Web founded by the Internet Archive, a nonprofit based in San Francisco, California. Created in 1996 and launched to the public in 2001, it allows the user to go “back in time” and see how websites looked in the past.