What’s Deductible?

Home Office Expenses and Vehicle Expenses

(Note)- An Employee may also Claim Vehicle Expenses and Work Space in the Home. If he is required to use his vehicle and home for work business purposes. Have your Employer signed Form T2200 -Declaration and Conditions of Employment.

Particular


Employee


Commissioned Sales Person


Self-Employed

Rent

             x

x

x

Utilities

             x

x

x

Repairs & Maintenance  

             x

x

x

Telephone

             x

x

x

Supplies

             x

x

x

Home Insurance

      

x

x

Property Taxes

   

x

x

Mortgage Interest

       

 

x

Capital Cost Allowance

 

 

x

Vehicle – Gas

 

x

x

Vehicle- Repairs & Maintenance

 

x

x

Vehicle Lease Payments

 

x

x

Car Washes

 

x

x

Vehicle – Insurance

 

x

x

License & Registration

 

x

x

Interest Exp on money borrowed to purchase Vehicle

 

x

x

Parking

 

x

x

Accounting & Legal fee

 

x

x

Meals & Lodging

 

x

x

Salaries & Employee Benefits

 

 x

x

Insurance

 

x

x

Training costs

 

 x

x

Office Rent

 

x

x

Advertising & Promotions Costs

 

 x

x

Computer Expenses

 

 x

x

Traveling Expenses

 

x

x

Entertainment for Client

       

x

x

Tax Return Check Listslips

  • All T4 and T4A Slips
  • Interest and Dividends ( T3, T5, T5008 )
  • Employment Income – Sub-Contractors ( T5018 )
  • Old Age Security ( T4OAS ) and CPP Benefits ( T4AP )
  • Other Pensions and Annuities ( T4RIF, T4A )
  • Foreign Pensions Income
  • Employment Insurance Benefits ( T4E )
  • RRSP Income and Withdrawals ( T4RSP )
  • Social Assistance Payments ( T5007 )
  • Workers Compensation Benefits ( T5007 )
  • Other Income (eg: Baby Sitting )

Receipts

  • Moving Expenses
  • Automobile Expenses and Mileage Logbooks
  • Professional Fees or Union Dues
  • Tool and Equipment Expenses for Trades
  • Office in Home Expenses
  • Claim for Board and Lodging Expenses
  • Capital Gains – Sale of Stocks, Bonds or Real Estate
  • Home Renovation Receipts for Seniors Only
  • Children’s Sports, Arts, Music and Language Programs
  • Child Care Expenses
  • Charitable and Political Donations
  • RRSP Contributions Receipts
  • Medical Expenses
  • Tuition/Education Receipts for Qualifying Students ( T2202A )
  • Interest paid on Canada Student Loans
  • Carrying Charges and Interest Expenses and Safety Deposit Box
  • Property Taxes Bill or Rent Receipts
  • Support for a Spouse or Common-in-law Partner
  • Transit Passes
  • Adoption Expenses
  • Disability Tax Credit ( T2201 )
  • Business Income & Expenses Transactions
  • Declaration Of Conditions of Employment ( T2202A )
  • Rental Property Income and Expenses Transactions
    • Rental Income
    • Property Taxes
    • Maintenance & Repairs Invoices
    • Property Insurance
    • Real Estate Commission or Advertising Expenses
    • Utilities
      • Hydro Expenses
      • Heating Expenses
      • Water Expenses
    • Travel Expenses
  • Notice of Assessment ( Prior Year )
  • Canada Revenue Agency Correspondence

( If you require further assistance with other Income or Deductions please call our office. )

Most Common – Preparation Statement Forms

Scambellone Associates Inc.
Request A Consultation
Thank You. We will contact you as soon as possible.