Tax Year __________
Summary of Income and Expenses for Unincorporated Business
*FOR NEW CLIENTS, PLEASE PROVIDE US WITH A COPY OF YOUR LAST TAX RETURN*
Your Name: _________________________________________________
% Ownership: ___________
Business Partner’s Name (if any): ________________________________ % Ownership: _________
Name of Business:
__________________________________Main Product/Service: _____________
Period of Operation in the year,
Business Address: _________________________________________________
Same as Personal Address
Province of Self-employment on December 31
Do you collect/remit GST/HST?
Account BN Number: _____________________
Who is filing HST Return?
Solution One (RC59 required)
How do you keep track of your business income/expenses?
*If applicable, email us a copy of your spreadsheet, or Balance Sheet and Profit and Loss Comparative
Reports (current and prior year) from your software
Net Sales/Business Income
Total Sales or Fees
Other Business Income (not included on sales or fees above)
Total Self Employment Income for the Year
***If you carry inventory: Please attach the value of your inventory at the start of the year, the value of your
inventory at the end of the year and the cost of the inventory you purchased during the year. ***
Current Expenses Only (for Capital Expenditures see page 2)
If your business collects & remits GST/HST, the expenses Must NOT include the GST/HST portion paid on the expense.
It can include the subtotal of the expense + the PST paid. Expenses can only be claimed once!
Meals & Entertainment (full amount of expense, we’ll take 50%)
Business (commercial) Insurance
Interest on Business Loans & Credit Cards
Business Tax, Fees, Licenses, Dues, Memberships and Subscriptions
Office Expenses (stationery, pens, paper, postage, etc)
Legal & other professional fees (
cost of Preparing your Income Tax Return with Business
Salaries, Wages, & Benefits (including employer’s contribution)
Travel (transportation fees, accommodations, etc)
Business Telephone (it has to be a dedicated, 2
Cell Phone (please include the business portion only, if used personally,
indicate the percentage being claimed for business _________%
If you own or lease the location of your business outside your home, please complete the
following, otherwise, use “Business Use of Home Expenses” on page 2….)
Rent or Property Tax
Maintenance and Repairs
If you have other categories of expenses that are not included above, please attach.
PLEASE COMPLETE PAGE 2