Checklist Self Employed Income

Checklist Self Employed Income Form

To assist in the preparation of your Personal Income Tax Return, please complete this form and attach all supporting documentation.

Name		Year
Address		Telephone
GST Number		Email
Main Product or Service		% of Ownership

Self - Employment Income & Expenses

	Total Revenue	GST	Net
Business income earned

	Total Costs	GST	Net
Purchases during the year (raw materials)
Subcontractors
Advertising
Meals and entertainment
Bad debts (receivables that became uncollectable)
Insurance (non-vehicle)
Interest & bank charges
Business tax, licenses, & memberships
Office expenses
Supplies
Legal & accounting fees
Management fees
Business rent (exclude home-office rent)
Maintenance and repairs (non-vehicle)
Wages and benefits (including CPP, EI, WCB)
Property taxes (exclude home-office)
Business travel & accommodations
Cellphone & business telephone
Delivery, freight and courier
Private health premiums
Internet
Other expenses

Computer / laptop
Equipment
Furniture
New automobile

Use of Personal Vehicle to Earn Business Income

Vehicle - Owned		Vehicle - Leased
Vehicle description (year, make, model)
Purchase price		Date lease starts Date
Date of purchase		lease ends
Current value vehicle		Manufacturer's list price
Percentage of vehicle used to earn income Kms driven to earn income / Total kms driven in the year		%

	Total Costs 100%	GST	Net
Auto: Fuel
Auto: Interest on vehicle financing
Auto: Insurance
Auto: License and registration
Auto: Maintenance and repairs (Air Care)
Auto: Lease payments
Auto: Other (specify)
Auto: Business parking
Auto: Supplementary business insurance

Did you sell or trade-in your vehicle during the year? YesNo

If your vehicle was leased, purchased or sold in the year, please provide all documents.

NOTE: 1) For vehicle travel to be a deductible expense, the C.R.A requires that you maintain a mileage log recording your mileage for business purposes (be sure to keep a record of the odometer reading of your vehicle at the start and end of the year).

2) C.R.A. considers travel to and from your home and normal place of work to be personal travel .

Use of Home-Office to Earn Business Income

	Total Costs 100%	GST	Net
Heat (Gas)
Electricity (BC Hydro)
Insurance
Maintenance & repairs
Mortgage interest
Property taxes
Rent
Strata fees
Water / Sewage / Garbage collection
Other (specify)