Investments
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Most Recent Tax Return Filed
This document is always required if you are required to file a personal income tax return in your country. Please ensure that all pages are included, and that it is for the full year.
We will require the tax return for all parent family members who are listed on the application regardless of employment status if they file taxes.
Year to date pay statement or Letter from Employer
A copy of the most recent pay statement(s) for all individuals noted to be receiving income from an employer will be required.
This document should clearly show the year-to-date amount of payments received as well as the payment received for the current pay period.
If you do not receive a pay statement periodically from your employer, than you can upload a letter from that employer stating the total compensation you receive for your employment. This includes your salary, but can also include overtime pay, benefits, housing or cars that are provided by the employer, etc.
If you work for more than one employer, we will require a pay statement for each job that you hold. If you switched jobs during the year, please provide your final pay statement from your last job as well as your most recent pay statement from your current job.
Government Tax Debt
Enter the amount of personal debt owed to your national tax authority.
This field is only for currently outstanding debt to the government. Do not enter the amount that you are going to owe for taxes once filed. If you have a business, do not enter the amount that the business owes to the tax authority in taxes unless that amount is now required to be covered by you (or your spouse) personally.
Non-Registered Investments
Enter the total amount of assets both parents own in investments (Term Deposits/GIC’s/Portfolio Investments/Shares/Mutual Funds and/or Bonds). If these assets are in different currencies, convert them all into the currency that you are using to fill out the application.
Retirement Saving Assets
Enter the total amount of assets you own in investments that are held in both parents’ retirement investment accounts (Term Deposits/GIC’s/Portfolio Investments/Shares/Mutual Funds and/or Bonds). If these assets are in different currencies, convert them all into the currency that you are using to fill out the application. Do not include the value of other investments in this section, and do not include the value of any employee pension plan in this section.
Separation Agreement
If you have a formal separation agreement with the other parent of your child, please provide here any relevant sections dealing with child/spousal support, education and/or expenses as well as any asset division that has yet to take place.
Year to date pay statement or Letter from Employer
A copy of the most recent pay statement(s) for all individuals noted to be receiving income from an employer will be required.
This document should clearly show the year-to-date amount of payments received as well as the payment received for the current pay period.
If you do not receive a pay statement periodically from your employer, than you can upload a letter from that employer stating the total compensation you receive for your employment. This includes your salary, but can also include overtime pay, benefits, housing or cars that are provided by the employer, etc.
If you work for more than one employer, we will require a pay statement for each job that you hold. If you switched jobs during the year, please provide your final pay statement from your last job as well as your most recent pay statement from your current job.
Most Recent Mortgage Statement
This is required if you indicated that you have a mortgage on any property that you own, either as your personal residence, cottage, or rental property.
You can provide either a copy of the annual statement from the financial institution or a screenshot from your online banking. Ensure that any document provided clearly shows the: outstanding balance on the mortgage, the payments and their frequency, the address of the property and the names of the borrower(s).
If you are in the process of obtaining or renewing your mortgage, you can provide a copy of the mortgage documentation showing what the balance will be, and what the payments will be.
Most recent set of Financial Statements
Financial Statements are required for any corporation where you own more than 20% of the corporation. This is for the total parental ownership. i.e. if each parent owned 15% of a corporation, the total ownership would be 30% and financial statements for that corporation would be required to be provided. It also includes situations where the corporation is owned by a separate corporation you have ownership in. i.e. if you own 100% of Corporation A, and Corporation A owns 25% of Corporation B, then both sets of financial statements are required.
Please ensure to include the Balance Sheet and the statement of Profit and Loss for each corporation from your financial statements, as well as any Notes that exist.
If you have recently started this corporation, and have not yet filed financial statements, please provide any draft financial statements that may exist, or a printout from your accounting software showing YTD information.
Most Recent Tax Return Filed
This document is always required if you are required to file a personal income tax return in your country. Please ensure that all pages are included, and that it is for the full year.
We will require the tax return for all parent family members who are listed on the application regardless of employment status if they file taxes.
Taxes
If you file a tax return in your country of residence (or any other country), select Yes and provide a copy of the tax return in the Documents Upload section
Taxes
If you pay income taxes on your income and/or any social taxes to the government, enter those amounts here.
Taxes
If you pay income taxes on your income and/or any social taxes to the government, enter those amounts here.
Other Tax Related Deductions
Please enter details and amounts for any other tax related deductions that were not covered by the above categories
Taxes
If you pay income taxes on your income and/or any social taxes to the government, enter those amounts here.
Other Tax Related Deductions
Please enter details and amounts for any other tax related deductions that were not covered by the above categories
Donations
Enter the total amount of charitable donations you will make in each year.
Medical Expenses
Enter the total amount of medical expenses paid in each year, less any amounts covered by insurance. If the amount is over a certain threshold, a box will appear allowing you to provide further details about what comprises these medical expenses.
Childcare Costs
Enter the total costs you pay for daycare or a childcare worker for all of your children. NOTE: This may be different from the amount you are able to deduct on your tax return for these costs.
Do not enter the amount you are paying for any schooling for any/all of your children; that is covered in the Dependent Information page of the application.
Support Payments
Enter any spousal alimony or child support payments paid.
If you are not making the support payments laid out in the separation agreement, enter what you are paying as opposed to what is in your agreement.
Pension Contributions
Enter any income that is deducted by your employer for employee pension plan contributions.
If you contribute through your taxes to a government run pension plan in your country, do not enter the amount being contributed here as that should be included in your taxes in the next section.
Enter any pension plan contributions that you have made or plan to make in the requested years.
Do not enter the total value of your pension plan here, only enter the amount you will be contributing towards them each year.
Union or Professional Dues
Enter any union and/or professional dues that you pay. If you are self-employed and this expense is already captured as a business expense, do not enter this expense again here.
Pension Contributions
Enter any income that is deducted by your employer for employee pension plan contributions.
If you contribute through your taxes to a government run pension plan in your country, do not enter the amount being contributed here as that should be included in your taxes in the next section.
Enter any pension plan contributions that you have made or plan to make in the requested years.
Do not enter the total value of your pension plan here, only enter the amount you will be contributing towards them each year.
Union or Professional Dues
Enter any union and/or professional dues that you pay. If you are self-employed and this expense is already captured as a business expense, do not enter this expense again here.
Other Income
Enter any other income that is not accounted for in the above sections whether it is taxable or not.
If you are receiving disability payments, they can be either taxable or non-taxable depending on how they were originally set up. Enter the pre-tax amounts for the requested years in the relevant boxes.
Other Income
Enter any other income that is not accounted for in the above sections whether it is taxable or not.
If you are receiving disability payments, they can be either taxable or non-taxable depending on how they were originally set up. Enter the pre-tax amounts for the requested years in the relevant boxes.
Other Income
Enter any other income that is not accounted for in the above sections whether it is taxable or not.
If you are receiving disability payments, they can be either taxable or non-taxable depending on how they were originally set up. Enter the pre-tax amounts for the requested years in the relevant boxes.
Other Income
Enter any other income that is not accounted for in the above sections whether it is taxable or not.
If you are receiving disability payments, they can be either taxable or non-taxable depending on how they were originally set up. Enter the pre-tax amounts for the requested years in the relevant boxes.
Other Income
Enter any other income that is not accounted for in the above sections whether it is taxable or not.
If you are receiving disability payments, they can be either taxable or non-taxable depending on how they were originally set up. Enter the pre-tax amounts for the requested years in the relevant boxes.
Other Income
Enter any other income that is not accounted for in the above sections whether it is taxable or not.
If you are receiving disability payments, they can be either taxable or non-taxable depending on how they were originally set up. Enter the pre-tax amounts for the requested years in the relevant boxes.
Farming & Fishing Income
Enter the total amount of any farming and/or fishing income that you receive.
If this is your first year in this line of business and you have not yet filed taxes related to it, estimate the gross and net income.
Farming & Fishing Income
Enter the total amount of any farming and/or fishing income that you receive.
If this is your first year in this line of business and you have not yet filed taxes related to it, estimate the gross and net income.
Trust Income
In the box, enter any trust fund income that was received by any member of the household, including the applicants.
Any income that is received from a family trust fund, frequently set up for grandparents to provide funds to children or grandchildren, or within families to redistribute income, should be entered here.
Trust Income
In the box, enter any trust fund income that was received by any member of the household, including the applicants.
Any income that is received from a family trust fund, frequently set up for grandparents to provide funds to children or grandchildren, or within families to redistribute income, should be entered here.
Partnership Income
NOTE: If you are incorporated, ensure that you are not accidentally filling out the income for your corporation here. This section is only for personal income.
If you have not yet filed your tax return for a given year, estimate your income and expenses for the requested years. Use your most recently filed taxes as a guide along with knowledge of if this year is similar, better, or worse than that year for the business.
Enter the total net amount of any partnership income that you receive after any expenses. If you have more than one partnership, enter the total net income from all self-employed sources.
Partnership Income
NOTE: If you are incorporated, ensure that you are not accidentally filling out the income for your corporation here. This section is only for personal income.
If you have not yet filed your tax return for a given year, estimate your income and expenses for the requested years. Use your most recently filed taxes as a guide along with knowledge of if this year is similar, better, or worse than that year for the business.
Enter the total net amount of any partnership income that you receive after any expenses. If you have more than one partnership, enter the total net income from all self-employed sources.
Rental Income
The gross rental income is the total rental income received in a year before any expenses are taken out, and net is after expenses. For each year, enter the total amount of rent from any rental property that you own personally. If you own a corporation and that corporation owns rental properties, do not enter that income here as that is not personal income. Any income you derive from a corporation owning rental properties would be paid out in a different fashion.
If the family owns the rental property with any other parties, enter only the percentage that is due to your family.
The net rental income is the amount of income received after all expenses are considered.
If you own more than one rental property, enter the total net rental income that you receive from all properties together.
If this is your first year owning the rental property and you have not yet filed taxes relating to its income, you will need to estimate the net value.
Rental Income
The gross rental income is the total rental income received in a year before any expenses are taken out, and net is after expenses. For each year, enter the total amount of rent from any rental property that you own personally. If you own a corporation and that corporation owns rental properties, do not enter that income here as that is not personal income. Any income you derive from a corporation owning rental properties would be paid out in a different fashion.
If the family owns the rental property with any other parties, enter only the percentage that is due to your family.
The net rental income is the amount of income received after all expenses are considered.
If you own more than one rental property, enter the total net rental income that you receive from all properties together.
If this is your first year owning the rental property and you have not yet filed taxes relating to its income, you will need to estimate the net value.
Retirement Income and/or Pensions Received
Enter any pension income received. Add together any pension received from an employer’s pension program and any government provided pension.
If you split your pension with your spouse, enter the amount that each spouse reports after the split to avoid double counting the split portion.
Retirement Income and/or Pensions Received
Enter any pension income received. Add together any pension received from an employer’s pension program and any government provided pension.
If you split your pension with your spouse, enter the amount that each spouse reports after the split to avoid double counting the split portion.
Investment Gains or Losses
If you have capital gains from selling an asset (frequently secondary properties or investments), enter the total amount of the capital gain here. Make sure to enter 100% of the amount, even if you are only taxed on a portion of the increase in your country.
Investment Gains or Losses
If you have capital gains from selling an asset (frequently secondary properties or investments), enter the total amount of the capital gain here. Make sure to enter 100% of the amount, even if you are only taxed on a portion of the increase in your country.
Business Income
NOTE: If you are incorporated, ensure that you are not accidentally filling out the income for your corporation here. This section is only for personal income.
If you have not yet filed your tax return for a given year, estimate your income and expenses for the requested years. Use your most recently filed taxes as a guide along with knowledge of if this year is similar, better, or worse than that year for the business.
Enter the total net amount of any business income that you receive after any business expenses. If you have more than one business, enter the total net income from all self-employed sources.
Business Income
NOTE: If you are incorporated, ensure that you are not accidentally filling out the income for your corporation here. This section is only for personal income.
If you have not yet filed your tax return for a given year, estimate your income and expenses for the requested years. Use your most recently filed taxes as a guide along with knowledge of if this year is similar, better, or worse than that year for the business.
Enter the total net amount of any business income that you receive after any business expenses. If you have more than one business, enter the total net income from all self-employed sources.
Alimony/Child Support
Enter any spousal alimony or child support payments received, which may either be taxable or non-taxable.
If you are not receiving the support payments you are entitled to in the separation agreement because the other parent either isn’t paying reliably, isn’t paying what they should, or isn’t paying at all, enter what you are receiving as opposed to what is in your agreement.
Alimony/Child Support
Enter any spousal alimony or child support payments received, which may either be taxable or non-taxable.
If you are not receiving the support payments you are entitled to in the separation agreement because the other parent either isn’t paying reliably, isn’t paying what they should, or isn’t paying at all, enter what you are receiving as opposed to what is in your agreement.
Alimony/Child Support
Enter any spousal alimony or child support payments received, which may either be taxable or non-taxable.
If you are not receiving the support payments you are entitled to in the separation agreement because the other parent either isn’t paying reliably, isn’t paying what they should, or isn’t paying at all, enter what you are receiving as opposed to what is in your agreement.
Actual Dividends Received from Investment
Enter any dividend income that you receive from investments. If you own a significant portion of the corporation, then enter that income in the Business Income or Partnership Income sections as appropriate.
Taxable Interest and Exempt Income
Enter any income that you receive in the form of interest, other investment income, or tax-exempt income from any investments that you may own.
Alimony/Child Support
Enter any spousal alimony or child support payments received, which may either be taxable or non-taxable.
If you are not receiving the support payments you are entitled to in the separation agreement because the other parent either isn’t paying reliably, isn’t paying what they should, or isn’t paying at all, enter what you are receiving as opposed to what is in your agreement.
Actual Dividends Received from Investment
Enter any dividend income that you receive from investments. If you own a significant portion of the corporation, then enter that income in the Business Income or Partnership Income sections as appropriate.
Taxable Interest and Exempt Income
Enter any income that you receive in the form of interest, other investment income, or tax-exempt income from any investments that you may own.