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2021 Individual Income Tax Filing

Posted 1/7/2022

It's time to get your 2021 tax return prepared and filed on time. We hope the checklist can help you have gather the required tax information to complete your tax return. Please feel free to contact us if you have any questions. We will be able to help you for additional information like moving expenses, more detailed information needed for rental income reporting etc.

 

2021 T1 Checklist

CSRS4200

The new Canadian Standard on Related Services (CSRS) 4200, Compilation Engagements replaces Section 9200, compilation engagements and Assurance and Related Services Guideline AuG-5, Compilation Engagements - Financial Statement Disclosures. CSRS4200 is effective for compiled financial information for periods ending on or after December 14, 2021.

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Basis of Accounting

 

A note describing the basis of accounting applied is required to improve the understandability of financial information. Management is required to obtain third party approval of the expected basis of accounting.

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