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In order to assist you in claiming all your tax deductions, click on the link below that pertains to you.
Is this the year you should consider incorporation?
In order to assist you in claiming all your tax deductions, click on the link below that pertains to you.
Is this the year you should consider incorporation?
If you are registered for HST then record the amounts before HST.
If you are not registered for HST then record the amounts with HST.
Item | Amount |
Revenue: | |
Sales or Commission Revenue | |
Operational Expenses: | |
Purchases | |
Wages | |
Subcontractors | |
Advertising | |
Meals and Entertainment | |
Bad Debts | |
Commercial liability insurance | |
Large equipment insurance | |
Bank Charges | |
Interest | |
Business taxes, fees, dues/licenses | |
Office expenses | |
Supplies | |
Legal, accounting or bookkeeping fees | |
Rent | |
Maintenance and repairs (not motor vehicles) | |
Property taxes | |
Travel | |
Telephone and utilities | |
Fuel costs (not motor vehicles) | |
Delivery, freight | |
Motor Vehicle: | |
Total kms driven during the year (assumes full year operation) | |
Total kms driven for business | |
Fuel and oil | |
Insurance | |
Maintenance and repairs | |
Business Tolls | |
Business parking fees | |
License and registration | |
If purchased the vehicle, supply purchase price details or copy of purchase | |
If obtained a loan for the vehicle, supply interest paid on the loan for the year | |
If leased, supply lease details or copy of lease | |
Home Office: | |
Square footage of office | |
Total square footage of entire living space | |
Heat | |
Electricity | |
Water | |
Property tax | |
Mortgage interest | |
Repairs and maintenance | |
Home insurance |