The T1 Deadline Looms!

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We’ve noticed that many clients have yet to send in their personal tax material.

Please help us out by getting your material in to us as quickly as possible – even if one or two items are missing. Send us what you have now, so we can at least get a preparer assigned to the job.

This year’s filing deadline is Monday, May 1st. If we do not receive your information by April 15th, we cannot guarantee that we will be able to complete the required filings by the filing deadline.

Please send your information to us electronically and use our Portal, if possible.  If you need to drop off information you can do that too and we will scan your information for you.

Refer to checklist and other information available on our website:

Feel free to contact your Lohn Caulder representative if you have any questions or concerns.


The Lohn Caulder T1 Team

Welcome to the 2022 Personal Tax Filing Season!

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It’s time again to file your personal tax returns. This year, 2022 tax returns must be in the hands of the Canada Revenue Agency by no later than Monday, May 1, 2023.

We’d like to deliver the finished product as quickly and efficiently as possible – and we’re sure that many clients will, as of today, already possess all the information that’s needed. So, we’d like to encourage everyone to consider the “practical” deadline as really being early April  – there’s little reason for any later than that!

This issue of the newsletter includes the following:

1. (Very Important): Our T1 engagement letter which must be included with the material you send us;

2. Our abbreviated, ‘Simplified’ T1 checklist;

3. Our more Comprehensive T1 Checklist, including explanatory information.

Extra copies of these checklists can be obtained at our website –

Submitting information to us through Portal

Clients will, by now, be familiar with our system of document submission, which uses our portal.  Based on prior years’ trends, we expect that at least 85% of our clients will use this system.  It’s popular because it’s easy to use, it’s secure, and is not restricted as to file size, which is generally a problem with e-mail attachments these days.

To access the service, you need an account set up.  You can get that by contacting

We look forward to speaking with you in the near future.

The Lohn Caulder Team

2022 T4 Income Tax and CPP Remittance

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In the course of preparing the 2022 financial statements for your organization, you may recall that it was necessary to declare management salaries in addition to any salaries or wages you may have paid to regular employees.

If you have not made any payroll remittances for 2022 for your management salaries, please contact Marnina Nattrass or Ryan Lore at the email addresses or phone numbers listed below.  If required, we recommend a nominal payment be made to The Receiver General of Canada by January 10, 2023. The remittances should be made to your company’s payroll “RP” account.  They will be incorporated into your 2022 T4 slips.

If you plan to remit only a nominal amount of income tax, you should be aware that CRA now places a heightened emphasis on assessing interest on the difference between the tax actually paid and the theoretical amount to be remitted according to the Canada Revenue Agency’s published withholding guides.  Consequently, in today’s tax environment, it is preferable to make regular monthly remittances throughout the year, rather than a single payment once a year (whether nominal or otherwise).  Please contact us if you require further assistance on this matter.

In order for Lohn Caulder LLP to prepare your 2022 T4s, we will require the necessary information by no later than the end of January 2023.  This information would include a summary of your calendar-year payroll records.  The filing deadline for T4s is February 28, 2023 and it is your responsibility to ensure that this filing deadline is met to avoid penalties.

Electronic filing of T4s is now mandatory. Therefore, once we have received and processed your information, we will electronically file the T4 Information Returns to the CRA. The copies which you later receive from us will be strictly for your own files, and your employees if applicable.

Ms. Marnina Nattrass and Mr. Ryan Lore of our office are in charge of T4s – please contact them if you have any questions.  Marnina’s email is, and her direct dial telephone is 604-408-3013. Ryan’s email is, and his direct dial telephone is 604-408-3079.

Thank you in advance for your assistance and co-operation.

What’s New with Trusts in 2022?

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For 2022 and subsequent tax years, Budget 2018 proposed a new reporting obligation that requires express trusts to report the identity of all trustees, beneficiaries, and settlors of the trust. These changes are being made to improve the collection of ownership information to help Canada Revenue Agency assess the tax liability for trusts and its beneficiaries.

As a consequence, clients with existing trusts must fill out a form to submit this information to Canada Revenue Agency. We have created a Trust Disclosure Form to help summarize the information needed. This disclosure form can be downloaded at: Completed forms should be sent to Andy Li at If you have already provided this information or if we prepare the individual tax returns of all the trustees, beneficiaries, and settlors of the trust, then you do not need to complete this form.

2022 T3 Trust Tax Returns

We are writing to remind you that it will soon be time to file your family trust tax return for 2022.  All family trusts must report their income and disbursement activity for the 2022 calendar year by no later than March 31st, 2023.

This deadline is applicable to all family trusts, and there are penalties for failing to file on time.

For family trusts that hold private corporation shares, the practical deadline is actually much earlier: February 28, 2023.  This is because corporations must report any dividends paid on such shares on T5 slips, and these T5s must be filed by the end of February.  Quite often, the cash-flow through trusts “drives” the quantum of dividends that the corporation has to report, and there is sometimes a bit of bookkeeping involved.

With a deadline this tight, we need your help!

To get so much done in such a short period of time, while keeping your accounting fees to a minimum, we ask that you please summarize the following for us:

  1. The amount of cash paid into the trust for each month of calendar 2022, and
  2. The amount of cash paid out from the trust to each of the beneficiaries for those months

To assist you in reporting such information to us, we have prepared a transaction summary form for you to fill in and send back to us.

The transaction summary can be downloaded at:

An Excel spreadsheet version is provided, which allows you to enter data, and have the sums automatically done for you. Alternatively, a PDF version is available if you would like to fill out the form manually.

Once completed, you can return the form to us by one of the following options:

  1. Return e-mail (please send to;
  2. Over the Internet, to our secure web portal. Please go to the ‘Portal’ link on the front page of our website, or contact for invitation access to Portal;
  3. Fax (604-688-7228); or
  4. Mail

If you are unable to prepare the transaction summary, please send us your January-to-December 2022 trust bank statements and cancelled cheques, so that we can prepare the summary for you.  For these situations, it will also be necessary to identify for us the particular beneficiary for whom a payment to a third party was made.

We will compare your transaction summary to the information in your corporate records, and will optimize the allocation of the income of the trust into one of two categories:

  1. New 2022 calendar dividends or other payments, and, if applicable,
  2. Tax-free distribution of capital from previous years.

Andy Li of our office is in charge of T5s and T3s—please contact him if you have any questions. Andy’s email is, and his direct dial telephone is 604-408-3077.

Thank you in advance for your help!