Bank Information (business account)
- Cheque stubs
- Bank statements
- Deposit book
Receipts *
- Cash receipts (anything you paid with cash out of your pocket for the business)
- List of equipment & vehicles used in your business including: purchase price, date of purchase. price you sold it for(if sold), if it was sold last year
- All invoices or bills paid
All automobile expenses:
- gas & oil (for work purposes only)
- insurance
- parking
- car washes (car rental companies, or car dealerships only!!)
- repairs
- 407 ETR bills
- Interest
Other Information:
- HST/ EHT/ WS&IB returns
If you work out of your home:
- Utility bills
- Rent or mortgage papers (payment + interest paid), insurance
- Telephone bills
- Property taxes
- Bills for maintenance and repairs
If your company is incorporated:
- Articles of incorporation and minute book.
- Payroll of all employees
Rental Properties
- Full addresses of rental properties
- Number of tenants (units rented) for commercial properties
- Residential – % of home rented
( area of rented space in square feet divided by total area in square feet)
- Utility bills
- Repairs & maintenance bills
- Property taxes paid, insurance
- Advertising expenses
- If property is jointly owned state % of ownership of the property
- name, SIN of partner, if their taxes are done by another tax preparer.
Additional Write-offs - Licensing/Brokerage fees
- Meals & Entertainment ( networking, meeting with clients, etc)
- Advertising
- Office supplies
- Tax/bookkeeping fees
- Continuing education, seminars, conferences
- Homestaging