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Business Taxation   Print Page

Print this checklist and use it help gather all the papers that are needed to properly fill out your Business Tax Return

REVENUE

AUTOMOBILE EXPENSES

  • Sale, Fees, Commissions
  • Commissions as per T4A (Self-employed)


COST OF GOODS SOLD

  • Opening inventory
  • Purchases during the year
  • Subcontracts and direct wages
  • Ending inventory
  • Total Kms/Miles driven during the year
  • Kms for business use
  • Auto Gas/Fuel
  • Auto Repairs and maintenance
  • Auto Parking
  • Insurance
  • License
  • Auto loan interest
  • Leasing costs
  • All other expenses related to automobile


EXPENSES

HOME OFFICE COST

  • Legal papers of buying equipment & vehicles used in your business
  • Utilities & Telephone bills
  • Property taxes
  • Rent/mortgage papers (payment + interest paid)
  • Insurance
  • Advertising & Promotion
  • Business tax, fees, licenses, dues & memberships
  • Delivery and freight charges
  • Office & Supplies expenses
  • Salaries and wages
  • Travel Expanses
  • Meals and entertaining


  • Space used for business
  • Sq. Ft. of Home for business use
  • Mortgage interest (Need Mortgage Statement)
  • Rent (If ranting)
  • Utilities (Heat, Hydro, Water)
  • Condominium fees
  • Property taxes (Need Actual Bill)


OTHER

Please bring previous year's financial statements and Tax return copies along with company's article.


**Please note: all items must have a physical receipt showing the expense or purchase. If you are supplying a spreadsheet, please remember, you must have the receipts in case of government audit. They will not accept item without a receipt.

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