Sole Proprietorship

If you ran your own business last year and require a Statement of Business Activities on your personal tax return please read through the following information.

Important dates:

Taxes payable are due to the CRA on April 30th
Personal Tax Returns must be filed by June 15th

Please upload the following information to your Google Drive:

  • Total income
  • Expenses: (please upload receipts, invoices, and/or your workpaper to the Drive)
  • Purchase of inventory (if any)
  • Subcontractors
  • Meal & Entertainment
  • Insurance
  • Interests and bank charges
  • Business taxes, licenses, and membership
  • Office expenses
  • Office stationery and supplies
  • Professional fees (legal & accounting fees)
  • Management & admin fees
  • Rental on your office (if any)
  • Repairs and maintenance
  • Salaries, wages
  • Property taxes on your office (if any)
  • Travel expenses
  • Utilities on your office (other than your home utility)
  • Telecommunication costs
  • Other expenses
  • Business-use home expenses:
  • Total area of your home, and office space area of your home (in sq.ft. or %)
  • Heat, electricity
  • Insurance
  • Maintenance
  • Mortgage interests (interests portion only) or rent expenses
  • Property taxes
  • Other expenses
  • GST collected
  • PST and/or HST collected (if any)
  • GST and/or HST paid (NOTE. PST paid is not refundable)
  • Rental Income: If you rent a space, unit, and/or a whole place, please provide us with the income, expenses, addresses, and % of the home rented. If you have receipts, invoices, and/or workpaper, please upload them to the Drive.
  • Income

Expenses:

  • Advertising
  • Insurance
  • Interests on mortgage
  • Office Expenses
  • Professional fees (legal & accounting)
  • Property taxes
  • Condo fees
  • Other expenses

Vehicle expenses (for rental and/or self-employment):

  • Make, model, year, purchase price and date acquired
  • A total KM driven in 2018, personal KM, and business KM
  • Expenses: Fuel, maintenance and repairs, insurance, license and registration costs
  • If you financed the vehicle: statement of the finance with interests paid in 2018
  • If you leased the vehicle: Lease agreement