Business Taxes         Tel: 514-562-9971 email:

To do your Business taxes all your BUSINESS INCOME & EXPENSES have to be determined.

Business Income- For the period January- December
  • Break down revenues by source
  • Do not include GST/PST if you are a GST/PST registrant
  • Include any interest earned in your business, if not on a T5 
  • Include any fee’s charged to customers for NSF fee’s
  • Include and reimbursed expenses such as utilities, motor vehicle mileage, meals

Business Expenses - required information
  • Accounting and Legal (Statement of accounts/invoices)
  • Advertising (Receipts)
  • Business meals (Receipts with names and business nature noted)
  • Business Taxes (Business tax statement)
  • Bank charges (Summary from bank statements)
  • Bank loan interest (Loan statement, terms or letter from bank)
  • Convention expenses (Receipts, explanation of business purpose and summary of meals included in cost or number of days at convention)
  • Dues, fees from business related organizations
  • Motor vehicle-Log of business usage and total usage of each automobile used in the business and receipts of gas & oil and receipts for any repairs to the motor vehicle and registration and insurance costs. Any lease agreement
  • Office supplies and other office expenses (Receipts)
  • Telephone, cable, internet connections (Statements and percentage used for business)
  • Other in home office costs: -Rent, Repairs, Insurance
    • State size of office area and total sq footage. Property tax assessment. Rental or lease agreement. Receipts and nature of repair to business. Insurance statement.
  • Purchases goods for resale (Receipts, also include cost of ending inventory of the goods at year end.
  • Capital additions.