Income

Description

Articles of Incorporation establish a business in Canada and are received when registering a company.

Tip

This document was provided to you when you opened your corporation at the government registry.

How to obtain this

You likely have this information on file. If you do not have a copy of it, a government registry can likely retrieve it for you.

Description

Bank statements from each account where your pay is being deposited are required. Sometimes, we also need business bank statements to verify car payments being made from a business account.

Tip

The bank statements should include your name, account number, and show the account is a business account, not personal. They should also include a complete and unaltered transaction history of those accounts that shows all withdrawals and deposits in the last 90 days.

How to obtain this

Log in to your online banking portal and download a PDF of your bank statement for the appropriate time period.

Description

Your business license proves you are eligible to operate your business.

Tip

This is a government issued document.

How to obtain this

You likely have this information on file. If not, this document can be obtained from your local government registry.

Description

The Canada child benefit (CCB) is administered by the Canada Revenue Agency (CRA). It is a tax-free monthly payment made to eligible families to help with the cost of raising children under 18 years of age. The CCB may include the child disability benefit and any related provincial and territorial programs. Please provide the Canada child benefit (CCB) notice that is provided by the Government after you have filed your taxes.

Tip

Provide all pages, including the cover page, the explanation, and the entitlement schedule.

How to obtain this

You would have had this mailed to you. You can also access this on the Government of Canada MyCRA website.

Description

This is a letter stating your new employment. This is only applicable if you are starting a new position later within the year.

Tip

This document should show the details of your future employment (including how much you will be paid).

How to obtain this

You likely have this document on file. If not, contact your future employer for a copy.

Description

When your accountant completes the annual tax return for your corporation, they will provide you with a summary called "Corporate Financials". These statements should cover the most recent two years.

Tip

Some accountants will call this the'Notice to Reader'.

How to obtain this

Contact your corporation's accountant.

Description

This is the agreement between you and your employer that you signed before you started working for them.

Tip

It will outline your employment details and information about your probation period (if any)

How to obtain this

You likely have this document on file. If not, contact your employer for a copy.

Description: Financial document that summarizes a company's revenues, expenses, and profits or losses over a specific period, typically a quarter or year. It is used to assess the financial performance of a business, showing how income is generated and spent, and is an essential component of financial reporting for businesses. 

How to obtain this: Requesting it from the company's accounting department if you are part of the organization, or having a professional accountant create it based on the financial records of the business.

Description

This is the agreement between you and your employer that you signed before you started working for them.

Tip

It will outline your employment details and information about your probation period (if any)

How to obtain this

You likely have this document on file. If not, contact your employer for a copy.

Description: The NOA is issued by the Canada Revenue Agency (CRA) to summarize a taxpayer’s income, credits, and deductions for the year. It outlines taxes paid, amounts owed, or refunds due.

How to obtain this: Available via CRA’s website or mailed annually. An accountant may also have a copy. Obtainable via SnapNOA with client consent.

Description

The pay stub should be your most recent (within the last 30 days), and is provided by your employer for every pay cheque they give you.

Tip

Make sure the pay stub includes year to date figures, current deductions, and year to date deductions.

How to obtain this

If your employer has a web portal, it may contain records of your pay history. Alternatively, you can contact your supervisor or HR department.

Description

The Canada Revenue Agency (CRA) can provide you with a proof of income statement, which is a simple generic version of your tax assessment. This document summarizes your income and deductions for a specific tax year.

Tip

This is used to provide proof of income to a lender.

How to obtain this

You are able to get one online via your CRA 'My Account' link.

Description

This is a form used to complete your personal tax return (what you or your tax preparer send to the CRA).

Tip

This document has many pages and numerous schedules. All schedules must be included.

How to obtain this

You likely have this information on file. If you have an accountant, they might also have this info. You can also download a version of this from your own Canada Revenue Agency online account.

Description

The T2 Corporation Income Tax Return or T2 is the form used in Canada by corporations to file their income tax return. All corporations other than registered charities must file a T2 return for every taxation year, regardless of whether tax is payable.

Tip

All resident corporations (except tax-exempt Crown corporations, Hutterite colonies and registered charities) have to file a corporation income tax (T2) return every tax year even if there is no tax payable. This includes non-profit organizations. tax-exempt corporations.

How to obtain this

From your accountant or via your corporate CRA online login (go to mycra.gc.ca)

To order a T2 return by phone:

From anywhere in Canada and the United States, call 1-800-959-5525 from Monday to Friday 9 am to 6 pm (local time), Saturday and Sunday closed.

From outside Canada and the United States, 613-940-8497.

Description

This tax slip is used by your employer to indicate what you have been paid before deductions.

Tip

You use the information on this slip when you complete your tax return.

How to obtain this

You likely have this document on file. This document is provided to you once per year by your employer. If you do not have this document, contact the applicable employer for a copy.

Description:   The T4A(OAS) is a tax form issued by the Canada Revenue Agency (CRA) to report income from Old Age Security (OAS) payments. It may also cover other pension income, annuities, or taxable benefits. The form is used to calculate taxes owed on this income and report any eligible deductions or credits. Accurate completion of the T4A(OAS) is essential for proper tax filing in Canada.

How to obtain this:  The CRA sends this form out in February each year. It may be attached to the T1 general tax return, or an accountant may have a copy.

Description: The T4A(P) is a Canadian tax slip used to report pension or annuity income. It is issued by employers, pension administrators, and other payers to individuals receiving such payments. This slip is used to report income to the Canada Revenue Agency (CRA) and to calculate the taxes owed. It also helps determine eligibility for certain deductions and benefits.

How to obtain this: The CRA sends this form by the end of February each year, and it can also be accessed through CRA’s My Account.

Description

This slip is issued when you receive income from pensions, retiring allowance, annuities, commissions or other income.

Tip

Examples of other income include medical premium benefits, payments from the registered disability savings plan (RDSP), the Apprenticeship incentive grant, death benefits, payments from a registered education savings plan (RESP) or a tax-free savings account (TFSA).

How to obtain this

Slips are prepared by your employer, payer, or administrator

Description

This is a tax information slip issued by Service Canada to tell you and the Canada Revenue Agency (CRA) the gross amount of Employment Insurance benefits paid to you for the previous tax year, the income tax deducted and any amount paid toward an overpayment.

Tip

Through My Service Canada Account, you can view and print your T4E as early as February 1st. You will need to login to or register for My Service Canada Account to access your T4E online. Another option is to receive your T4E through the mail

How to obtain this

Through our partnership with snapNOA, we are able to receive your statement directly from Canada Revenue Agency.

T4 Slips (T4, T4A, T4RSP, T4A(P), T4A(CPP), T4A(OAS), T4E, T4RIF)

Description

Depending on the source(s) of your income your mortgage professional may need to have access to one or more of your T4 income slips that you have available.

Tip

Your mortgage professional will use these to confirm your income with your lender.

How to obtain this

Through our partnership with snapNOA, we are able to receive your statement directly from Canada Revenue Agency.

1. Please check your email and sign the consent form.

2. Your Mortgage professional will receive and upload the documents on your behalf.

T4 Slips (T4, T4A, T4RSP, T4A(P), T4A(CPP), T4A(OAS), T4E, T4RIF)

Description

Depending on the source(s) of your income your mortgage professional may need to have access to one or more of your T4 income slips that you have available.

Tip

Your mortgage professional will use these to confirm your income with your lender.

How to obtain this

Through our partnership with snapNOA, we are able to receive your statement directly from Canada Revenue Agency.

1. Please check your email and sign the consent form.

2. Your Mortgage professional will receive and upload the documents on your behalf.

Description

Statement of investment income slip can include interest, dividends, and certain foreign income. A T5 slip must be prepared by a bank or a financial institution and issued to you (the taxpayer) and to the Canada Revenue Agency (CRA). You use it to report any investment income you have on your tax return. You will not receive a T5 slip for interest earned less than $50.00, but it must be reported on your tax return.

Tip

This will be used for qualification for mortgage financing.

How to obtain this

Through our partnership with snapNOA, we are able to receive your statement directly from Canada Revenue Agency.

1. Please check your email and sign the consent form.

2. Your Mortgage professional will receive and upload the documents on your behalf.

Description: Tax slip to help recipients prepare their income tax return. It includes the amount of provincial assistance issued to in a tax year.

How to obtain this: Download the fillable PDF at your issuing agency or check your online account with the Canada Revenue Agency (CRA) for access.