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Collins & Co Chartered Professional Accountant Victoria BC www.collinsco.ca

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cpacanada.ca
MEMBER
Chartered Professional Accountant

We see
more than numbers.

Income Tax Checklist

     
  Tax Slips
  • T4s, T4As, T3s, T5s
  • Pension receipts
  • Charitable donation receipts
  • Tuition receipts
  • Child care/fitness credit receipts
  • Notice of assessment (prior year)
  • Investment Income details
  • Medical receipts
  • RRSP contributions
  • Spousal/Child Support Income/Payments
  • Tax installments paid

Moving Expenses

  • All moving expenses and information

Capital Gains

  • Transaction summary (Capital Gains/Loss Summary of Disposition)
  • Proceeds from sale of shares (POD)
  • Cost of purchase of shares (ACB)
  • Carrying charges

Rental Income Expenses

  • Purchase documents
  • Financing and soft costs
  • Rents collected
  • Maintenance and repairs
  • Insurance
  • Advertising
  • Capital expenditures
  • Property taxes and utilities
  • Mortgage interest /Strata Fees
  • Accounting fees/Management Fees
  • Bank charges 
  • Sale Documents

Self-Employment Income & Expenses

  • Revenue and invoice register
  • Purchases and resale items
  • Advertising and promotions
  • Insurance
  • Meals and entertainment
  • Rent and utilities
  • Wages and benefits and subcontractors
  • Accounting fees
  • Telephone, internet, and cell for business
  • Professional development
  • Accounts receivable and inventory
  • Dues and fees
  • Loan interest and bank charges
  • Maintenance and repairs
  • Office supplies
  • Travel
  • Capital assets
  • Owner assets
  • GST and PST remittances and returns

Vehicle Expenses

  • Total kilometers & Business use kilometers
  • Vehicle log
  • Value of vehicle/Purchase & Sale documents
  • Gas
  • Maintenance and repairs
  • Insurance
  • Parking
  • Interest on loan/leasing costs

Home Office Expenses

  • Total Sq. Ft. of Home
  • Business Place Sq. Ft.
  • Mortgage interest &/or rent
  • Maintenance /Strata Fees
  • Utilities (except telephone and cable)
  • Property taxes and insurance
 
     

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Home | Contact | Why Choose Us? | Services | Record Keeping | Incorporate? | Financial Control | Getting Started | Business Plan | Income Tax Checklist | Links | Privacy

Collins & Co Chartered Professional Accountant Victoria BC
www.collinsco.ca
Serving the accounting needs of the Victoria BC Business Owner since 1989

Call us for a free 1/2 hour confidential appraisal before you buy, sell or expand a business.