The Canada Revenue Agency (CRA) is responsible for administering tax laws and programs in Canada. As part of this responsibility, the CRA provides a wide range of forms that taxpayers and businesses use to report income, claim deductions, and fulfill other tax obligations. Knowing which forms to use and when to use them is essential for meeting tax deadlines and avoiding penalties. In this list, we will provide a brief overview of 36 popular CRA forms used by individuals, businesses, and organizations to fulfill their tax obligations.
- T1 General - Income Tax and Benefit Return: The form used to report personal income taxes for residents of Canada.
- T4 Statement of Remuneration Paid: A form that employers use to report the earnings and deductions of their employees.
- T2200 Declaration of Conditions of Employment: A form that employees use to claim certain employment expenses on their tax return.
- GST/HST (General Sales Tax/Harmonized Sales Tax) Return: A form used by businesses to report and remit sales taxes collected from customers.
- RC59 Business Consent Form: A form used to authorize someone to act on behalf of a business or organization.
- T3 Trust Income Tax and Information Return: A form used by trusts to report income and pay taxes.
- T5 Statement of Investment Income: A form used to report investment income earned in Canada.
- T5018 Statement of Contract Payments: A form used by businesses that have paid contractors for services rendered.
- TD1 Personal Tax Credits Return: A form used by individuals to determine the amount of tax to be deducted from their income.
- RC59X Business Consent Form (Electronic Filing): An electronic version of the RC59 Business Consent Form.
- NR4 Statement of Amounts Paid or Credited to Non-Residents of Canada: A form used to report payments made to non-residents of Canada.
- T2201 Disability Tax Credit Certificate: A form used to apply for the disability tax credit.
- T2200S Declaration of Conditions of Employment for Working at Home Due to COVID-19: A temporary form used during the COVID-19 pandemic to claim home office expenses.
- T2125 Statement of Business or Professional Activities: A form used to report self-employment income and expenses.
- T4A Statement of Pension, Retirement, Annuity, and Other Income: A form used to report various types of income including pensions, annuities, and certain government benefits.
- RC1 Request for a Business Number: A form used to apply for a business number in Canada.
- T5013 Partnership Information Return: A form used by partnerships to report income and expenses.
- T1013 Authorizing or Cancelling a Representative: A form used to authorize someone to act on behalf of an individual or business.
- T2 Corporation Income Tax Return: A form used to report and pay income taxes for Canadian corporations.
- T3010 Registered Charity Information Return: A form used by registered charities to report their activities and finances.
- T5008 Statement of Securities Transactions: A form used to report various types of investment income including capital gains and losses.
- T1204 Government Service Tax Return for Contractors: A form used by contractors who provide services to the Canadian government.
- T5013A Statement of Partnership Income for Tax Shelters and Renounced Resource Expenses: A form used by taxpayers who have invested in tax shelters or renounced resource expenses.
- T2204 Deduction for Provincial or Territorial Employees: A form used by employees who work in a province or territory with a separate tax collection system.
- RC59 E Authorization: A form used by businesses to authorize electronic access to their tax information.
- T1161 List of Properties by an Emigrant of Canada: A form used by individuals who are emigrating from Canada and must declare their assets.
- T1135 Foreign Income Verification Statement: A form used to report foreign income and assets exceeding $100,000 CAD.
- T10 Statement of Commission Income and Expenses: A form used to report commission income earned.
- T2033 Direct Transfer of a Single Amount Under Section 147.1(2) or 147.2(2): A form used to transfer retirement savings from one registered plan to another.
- T2205 Amounts from a Spousal or Common-Law Partner RRSP, RRIF, or SPP to Include in Your Income: A form used to report income received from a spouse or common-law partner's registered retirement plan.
- T5007 Statement of Benefits: A form used to report various types of government benefits including social assistance, workers' compensation, and employment insurance.
- T661 Scientific Research and Experimental Development (SR&ED) Expenditures Claim: A form used by businesses to claim tax credits for scientific research and experimental development expenses.
- RC65 Elections Canada - Political Contribution Tax Credit: A form used to claim the political contribution tax credit.
- T4RSP Statement of RRSP Income: A form used to report income received from a registered retirement savings plan.
- T778 Child Care Expenses Deduction: A form used to claim deductions for child care expenses.
Filing taxes can be a complex process, but using the correct CRA forms can make it easier. Whether you are an individual reporting personal income or a business reporting expenses and revenue, there is a form available to help you meet your tax obligations. By familiarizing yourself with the different forms provided by the CRA, you can ensure that you are filing your taxes accurately and on time. Remember to always consult with a tax professional if you have any doubts or questions about the tax forms you need to use.