SWAP TAX WORK SHOPA GUIDE TO HELP YOU FILE YOUR TAXES

THE BASICS

THE TAX YEAR IS THE SAME AS THE CALENDAR YEAR

“TAX SEASON” RUNS FROM JANUARY UNTIL THE END OF APRIL

THE DEADLINE TO FILE IS APRIL 30

RESIDENCY STATUS

RESIDENTS

Have lived in Canada for 6 months or more

AND / OR

Have residential ties including: renting/owning a home, having a Canadian credit card or bank account, owning property (furniture/car), social ties

NON-RESIDENTS

Normally live outside of Canada

You don’t have residential ties to Canada and you have lived in Canada for less than 6 months

SELF-DETERMINED

COLLECT DOCUMENTS

2011 T4 SLIPS FROM ALL EMPLOYERS

2011 MONTHLY BUS PASSES

CHARITABLE DONATION RECEIPTS

3,621.31

3621.31

64.47

176.83

143.16

3621.31

COLLECT FORMS/GUIDES

RESIDENTS

T1 General 2011

Schedule 1 – Federal Tax

Provincial 428 forms (you select the province that you lived/worked in the longest)

NON-RESIDENTS

T1 General 2011

Schedule 1 – Federal Tax

Provincial 428 forms (you select the province that you lived/worked in the longest)

Schedules A and B

T1, Schedule 1 & Provincial 428: http://www.cra-arc.gc.ca/formspubs/t1gnrl/bc-eng.html Schedule A & B available: http://www.cra-arc.gc.ca/formspubs/t1gnrl/nnrsdnts-eng.html

ORGANIZE YOUR FORMS

RESIDENTS

1. T1 General pages 1-3

2. Schedule 1 – Federal Tax

3. Provincial 428 forms

4. T1 General page 4

NON-RESIDENTS

1. T1 General pages 1-3

2. Schedules A and B

3. Schedule 1 – Federal Tax

4. Provincial 428 forms

5. T1 General page 4

T1 GENERAL – PAGE 1

FILL IN YOUR MAILING ADDRESS WHERE YOU’D LIKE TO RECEIVE YOUR STATEMENT

YOU ARE NOT ELIGIBLE TO VOTE

YOU ARE ALLOWED TO APPLY FOR THE GST/HST CREDIT

x

T1 GENERAL – PAGE 2

THIS DOCUMENT HELPS ESTABLISH YOUR TOTAL INCOME FOR 2011

THE DETAILS FOR LINES 1031AND 102 ARE FOUND ON YOUR T4 SLIP.

IF YOU HAVE MORE THAN ONE T4, ADD THE AMOUNTS

IF YOU MADE TIPS AT WORK YOU MUST REPORT THE AMOUNT ON LINE 104

IF YOU ARE FILING AS A RESIDENT REPORT YOUR FOREIGN INCOME ON LINE 130

THE OTHER LINES WILL NOT APPLY TO SWAPPERS, BUT REVIEW IN CASE

3621.31

7895Foreign income

1156.31

T1 GENERAL – PAGE 3

ENTER YOUR NET INCOME ON LINE 150

IF YOU ARE FILING AS A RESIDENT DEDUCT YOUR FOREIGHN INCOME ON LINE 256

LINE 260 IS YOUR TOTAL INCOME FOR 2011

1156.31

1156.31

Foreign income 7895 78953621.31

T1 GENERAL – PAGE 2 NON-RESIDENTS

THIS DOCUMENT HELPS ESTABLISH YOUR TOTAL INCOME FOR 2011

THE DETAILS FOR LINES 1031AND 102 ARE FOUND ON YOUR T4 SLIP.

IF YOU HAVE MORE THAN ONE T4, ADD THE AMOUNTS

IF YOU MADE TIPS AT WORK YOU MUST REPORT THE AMOUNT ON LINE 104

NON-RESIDENTS DON’T REPORT FOREIGN INCOME ON LINE 130

THE OTHER LINES WILL NOT APPLY TO SWAPPERS, BUT REVIEW IN CASE

3621.31

3621.31

T1 GENERAL – PAGE 3 NON-RESIDENTS

ENTER YOUR NET INCOME ON LINE 150

IF YOU ARE FILING AS A RESIDENT DEDUCT YOUR FOREIGHN INCOME ON LINE 256

NON-RESIDENTS DO NOT NEED TO REPORT ANY FOREIGN INCOME ON THIS DOCUMENT

LINE 260 IS YOUR TOTAL INCOME FOR 2011

3621.31

3621.31

3621.31

NON-RESIDENT FORMS

These forms explain your status in Canada

They also determine whether or not you are eligible for any tax credits

To complete these forms you need to include how much you earned outside of Canada

SCHEDULE A

You must include all sources of income from 2011 including income sources from outside of Canada 3621.31

3621.31

7895

789511516.31

11516.310

SCHEDULE B

DIVIDE THE AMOUNT FROM LINE 236 OF T1 GENERAL BY THE AMOUNT FROM LINE 14 OF SCHEDULE A

MULTIPLY BY 100

IF THE PERCENTAGE IS LESS THAN 90 YOU DO NOT QUALIFY FOR THE BASIC PERSONAL AMOUNT CREDIT.

IF IT IS 90 PERCENT OR MORE YOU DO QUALIFY FOR THE BASIC PERSONAL AMOUNT, PUBLIC TRANSIT AMOUNT, OR CANADA EMPLOYMENT AMOUNT

3621.3111516.31

30

SCHEDULE 1 – FEDERAL TAX RESIDENTS

THE BASIC PERSONAL AMOUNT FOR 2011 IS 10,527 AND IS PRO-RATED

TO FIND YOUR BASIC PERSONAL AMOUNT DIVIDE THE NUMBER OF DAYS YOU WERE IN CANADA BY 365 AND MULTIPLY IT BY 10,527

194÷ 365 X 10,527 = 5595.17

ONCE YOU’VE CALCULATED YOUR PERSONAL AMOUNT DOCTOR YOUR FORMS TO REFLECT YOUR PRO-RATED AMOUNT

YOU MAY CLAIM THE CANADIAN EMPLOYMENT AMOUNT ON LINE 363 AND THE COST OF MONTHLY TRANSIT PASSES ON LINE 364

5595.17

143.16

64.47

1065 Claim 363 if you worked in 2011

324

7191.801078.771078.77

SCHEDULE 1 – FEDERAL TAX RESIDENTS PAGE 2

FOLLOW THE EQUATION TO THE BOTTOM OF THE FORM

THE AMOUNT ON LIKE 420 IS THE NET FEDERAL TAX FOR 2011

3621.31

3621.313621.31543.19543.19

543.19 543.1

91078.77

1078.770

00

000

0

SCHEDULE 1 – FEDERAL TAX NON-RESIDENTS

IF YOU ARE FILING AS A NON-RESIDENT WITH LESS THAN 90% ON “LINE A” OF SCHEDULE B YOU DO NOT QUALIFY FOR THE BASIC PERSONAL AMOUNT. YOU MUS PUT ZERO ON LINE 300

ONLY INCLUDE THE AMOUNT THAT YOU PAID INTO CPP AND EI ON LINES 308 AND 312

143.16

64.47

207.6331.14

31.14

SCHEDULE 1 – FEDERAL TAX NON-RESIDENTS PAGE 2

FOLLOW THE EQUATION TO THE BOTTOM OF THE FORM

THE AMOUNT ON LIKE 420 IS THE NET FEDERAL TAX FOR 2011

3621.31

3621.313621.31543.19

543.19

543.19543.1931.14

31.14512.05

00

000

512.05

PROVINCIAL FORMSPAGE 1 RESIDENTS

THE BASIC PERSONAL AMOUNT FOR 2011 IS 11,088 AND IS PRO-RATED

TO FIND YOUR BASIC PERSONAL AMOUNT DIVIDE THE NUMBER OF DAYS YOU WERE IN CANADA BY 365 AND MULTIPLY IT BY 11,088

194 ÷ 365 X 11,088 = 5893.34

ONCE YOU’VE CALCULATED YOUR PERSONAL AMOUNT DOCTOR YOUR FORMS TO REFLECT YOUR PRO-RATED AMOUNT

NON-RESIDENTS WITH LESS THAN 90% ARE NOT ELIBIBLE FOR THE BASIC PERSONAL AMOUNT

143.16

5893.34

64.47

6100.97 6100.97915.14

915.14

PROVINCIAL FORMSPAGE 2 RESIDENTS

3621.31

3621.313621.31183.23

183.23

183.23

183.23915.14

915.14 915.14

39411516.31 0

0 0000

394394

FOLLOW THE EQUATION TO THE END OF PAGE 3

THE AMOUNT ON LIKE 420 IS THE NET PROVINCIAL TAX FOR 2011

PROVINCIAL FORMSPAGE 3 RESIDENTS

0

0

PROVINCIAL FORMSPAGE 1 NON-RESIDENTS

THE BASIC PERSONAL AMOUNT FOR 2011 IS 11,088 AND IS PRO-RATED

TO FIND YOUR BASIC PERSONAL AMOUNT DIVIDE THE NUMBER OF DAYS YOU WERE IN CANADA BY 365 AND MULTIPLY IT BY 11,088

194 ÷ 365 X 11,088 = 5893.34

ONCE YOU’VE CALCULATED YOUR PERSONAL AMOUNT DOCTOR YOUR FORMS TO REFLECT YOUR PRO-RATED AMOUNT

NON-RESIDENTS WITH LESS THAN 90% ARE NOT ELIBIBLE FOR THE BASIC PERSONAL AMOUNT

143.16

0

64.47

207.63 207.6310.50

10.50

PROVINCIAL FORMSPAGE 2 NON-RESIDENTS

3621.31

3621.313621.31183.23

183.23

183.23183.23

10.50

10.5010.50

3943621.3100 0

000

394394

FOLLOW THE EQUATION TO THE END OF PAGE 3

THE AMOUNT ON LIKE 420 IS THE NET PROVINCIAL TAX FOR 2011

172.73

PROVINCIAL FORMSPAGE 3 NON-RESIDENTS

0

0

T1 GENERAL RESIDENTS

LINE 420 – ENTER THE AMOUNT FROM LINE 52, ON PAGE 3 OF YOUR FEDERAL SCHEDULE 1

LINE 428 – ENTER THE AMOUNT FROM LAST LINE OF YOUR 428 FORM (PROVINCIAL FORM)

LINE 437 - ADD TOGETHER THE TOTAL AMOUNT OF INCOME TAX YOU PAID FROM ALL EMPLOYERS FOUND ON ALL T4 SLIPS

IF LINE 437 MINUS LINE 482 IS A NEGATIVE YOU GET A REFUND. IF IT’S A POSITIVE YOU HAVE A BALANCE OWING

0

00

176.83

176.83 176.83-176.83

176.83

T1 GENERAL NON-RESIDENTS

LINE 420 – ENTER THE AMOUNT FROM LINE 52, ON PAGE 3 OF YOUR FEDERAL SCHEDULE 1

LINE 428 – ENTER THE AMOUNT FROM LAST LINE OF YOUR 428 FORM (PROVINCIAL FORM)

LINE 437 - ADD TOGETHER THE TOTAL AMOUNT OF INCOME TAX YOU PAID FROM ALL EMPLOYERS FOUND ON ALL T4 SLIPS

IF LINE 437 MINUS LINE 482 IS A NEGATIVE YOU GET A REFUND. IF IT’S A POSITIVE YOU HAVE A BALANCE OWING

512.05

0512.05

176.83

176.83

176.83337.22

337.22

337.22

GST/HST CREDIT

IF YOU FILED AS A RESIDENT YOU ARE ELIGIBLE FOR TO APPLY FOR A GST/HST CREDIT

GST/HST CREDITSARE BASED ON INCOME AND CHEQUES ARE ISSUED FOUR TIMES A YEAR

IF THIS IS YOUR FIST TIME FILING TAXES YOU HAVE TO COMPLETE A GST/HST CREDIT APPLICATION (R151)

MAKE COPIES

All of your t4 slips

All of the tax forms

Any receipts you are including (like bus passes)

SEND YOUR RETURN

RESIDENTS

Canadian Revenue Agency

Tax Centre 9755 King George AveSurrey, BC V3T 5E6

NON-RESIDENTS

International Tax Services Office

102A 2204 Walkley RdOttawa, ONK1A 1A8Canada

REMEMBER

Make sure your forms are in order

First time filers must submit their paper forms. If it’s your second time, you may be eligible to submit online through Netfile. Check with the CRA to be sure.

It takes around 2 months for first time resident returns and up to 6 months for non-resident returns

Will you be home before you get your return? Include a note requesting your refund be issued in one of the following currencies: USD, EUR, GBP. Remember to include your home address on your forms.

ADDITIONAL SUPPORT

For international tax questions call the CRA’s International Tax office: 1-855-284-5942 (1-613-952-3741 from outside of Canada)

You can use a company like taxback.com or find an accountant to complete your return (they charge a fee)

You can take advantage of the CRA’s Community Volunteer Income Tax Program (http://www.cra-arc.gc.ca/tx/ndvdls/vlntr/nd-eng.html)

Check out the CRA’s website: www.cra-arc.gc.ca

Use online tax software like u-file or turbo tax for a small fee