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If I'm requesting for 2011 tax reduction and I don't yet have the T2200 or T777 for that year, do I submit the 2010 forms?

Expert: CRA

Glen asked:

I'm a commissioned sales rep who gets no reimbursement for expenses. Therefore I claim a large amount on my yearly income tax claim and average a return of between 5-7K. I want to submit a T1213 form to request to reduce tax deductions. The form asks me to submit the form along with a T2200 and T777. If I'm requesting for 2011 tax reduction and I don't yet have the T2200 or T777 for that year, do I submit the 2010 forms?

CRA answered:

There are two options available to you in this situation:

You can simply submit the 2010 forms if you don't yet have the 2011 forms, or alternatively, you can submit a TD1X form which your employer will use, which is a statement for commission income and expenses for payroll tax deductions. This allows for projection of the year's expenses and would probably be the better route if you expect to have a busier year with more sales.




About the author


The Canada Revenue Agency (CRA) administers tax laws for the Government of Canada and for most provinces and territories and various social and economic benefit and incentive programs delivered through the tax system.

 
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