CPAstore - EY's Guide to Preparing 2020 Personal Tax Returns (T1)

Guide to Preparing 2020 Personal Tax Returns

What's new for 2020?

COVID-19 economic relief measures

Personal tax calendar (2021)

Personal tax rates and tools

Filing tips for 2020 personal tax returns

File on time

Review prior-year return

Capital losses

COVID-19 relief benefits

Pension income splitting

Charitable donations

Interest expense

Medical expenses

Child care expenses

Home office expenses

Claim all available credits

Consider deferring deductions

Business owners

Old receipts

Moving

Filing returns for children

Home purchasers

Remember the foreign reporting requirement

Before filing the return

Chapter 1 – The T1 return – Getting started

Chapter 2 – Total income

Chapter 3 – Net income deductions

Chapter 4 – Taxable income

Chapter 5 – Federal non-refundable tax credits

Chapter 6 – Federal tax payable or refundable

Chapter 7 – Provincial and territorial tax

Chapter 8 – Quebec provincial income tax

Chapter 9 – Special situations and tax planning

Chapter 10 – Taxation of immigrants, emigrants, and non-residents

Chapter 11 – Administration

Appendices