Sometimes clients ask you to provide a copy of their tax return as proof of income. Most preparers just print a copy of the most recent tax return for their client. There is another way, using Canada Revenue Agency (CRA) Represent a Client.
The watermark is required
Since 2015, the Canada Revenue Agency (CRA) requires a watermark on the T1 return once a return has been successfully transmitted by EFILE. Ever since we added a watermark, preparers have asked us how to remove it when printing for proof of income.
The short answer is it has to stay. The watermark is a requirement of the CRA so it cannot be removed. However, it shouldn't interfere with providing a proof of income. In fact, it is additional confirmation that the return was filed...
Print a proof of income statement from Represent a Client
Did you know you can provide your clients with a proof of income statement from CRA Represent a Client? It's easy:
- Log into Represent a Client.
- Enter the client's social insurance number (SIN) to access their account.
- Click Proof of income statement (option 'C' print) in the menu on the left.
- Choose the year from the drop-down list.
- Click Next.
- Click Print.
Of course, taxpayers can also access this information themselves by logging into My Account.
To learn more about providing a proof of income statement, click here.