*** Transcriber's Note: Please set your voice synthesizer to read most punctuation. When you encounter the caret sign at the end of a line, please enter the applicable information, if necessary. *** Canada Revenue Agency T2121 E (06) (Page 1 of 4) STATEMENT OF FISHING ACTIVITIES For more information on how to complete this form, see Guide T4004, Fishing Income. Code 4 Identification Your name ^ Your social insurance number (enter 9 digits) ^ Fiscal period from: (Year/Month/Day) ^ to: (Year/Month/Day) ^ Was 2006 your final year of fishing? Yes or No. ^ Boat name ^ Main species ^ Vessel registration number (VRN) ^ Industry code (see Chapter 2 of Guide T4004, Fishing Income) (enter 6 digits) ^ Name and address of person or firm preparing this form ^ Partnership filer identification number ^ Tax shelter identification number ^ Business Number (enter 15 digits) ^ Your percentage of the partnership ^ Income Fish products ^ Other marine products ^ Grants, credits, and rebates ^ Subsidies ^ Compensation for loss of fishing income or property ^ Other income ^ Sharesperson income: Name of fishing boat and captain ^ Line 8299 and line a: Gross income - (total of the above lines) Enter this amount on line 170 of your income tax and benefit return ^ Expenses (enter business part only) Line 9138: Bait, ice, salt ^ Line 9062: Crew shares ^ Line 9224: Fuel and oil costs (except for motor vehicles) ^ Line 9136: Gear ^ Line 8690: Insurance ^ Line 8710: Interest ^ Line 8523: Food ^ Line 8760: Licences ^ Line 9281: Motor vehicle expenses (not including CCA) (see Chart A on page 4) ^ Line 8810: Office expenses ^ Line 9137: Nets and traps ^ Line 8860: Legal, accounting, and other professional fees ^ Line 9060: Salaries, wages, and benefits (including employer's contributions) ^ Repairs - Fishing boat ^ - Engine ^ - Electrical equipment ^ Total of the above three lines ^ Minus - Insurance recovery ^ Line 8963: Your cost ^ Line 9270: Other expenses ^ Subtotal ^ Line 9936: Capital cost allowance (from Area A on page 2) ^ Line 9935: Allowance on eligible capital property ^ Line 9368 and line b: Total expenses (total of the above three lines) ^ Line 9369: Net income (loss) before adjustments (line a minus line b) ^ Line c: Your share of line 9369 above ^ Line 9943 and line d: Minus - Other amounts deductible from your share of net partnership income (loss) (from the chart on page 2) ^ Line e: Net income (loss) after adjustments (line c minus line d) ^ Line 9945: Minus - Business-use-of-home expenses (from the chart on page 2) ^ Line 9946: Your net income (loss) (line e minus line 9945) Enter this amount on line 143 of your income tax and benefit return) ^ T2121 E (06) (Page 2 of 4) Other amounts deductible from your share of net partnership income (loss) *** Transcriber's Note: Enter as many lines as necessary for the following *** Claim expenses you incurred that were not included in the partnership statement of income and expenses, and for which the partnership did not reimburse you. ^ Total (add all claim expenses above and enter this amount on line d on page 1) ^ Calculating business-use-of-home expenses Heat ^ Electricity ^ Insurance ^ Maintenance ^ Mortgage interest ^ Property taxes ^ Other expenses ^ Subtotal (add all the above expenses) ^ Minus - Personal use part ^ Subtotal (expenses minus personal use) ^ Plus - Capital cost allowance (business part only) ^ - Amount carried forward from previous year ^ Line 1: Subtotal ^ Line 2: Minus - Net income (loss) after adjustments (from line e on page 1) If negative, enter "0" ^ Business-use-of-home expenses available to carry forward (line 1 minus line 2) - If negative, enter "0" ^ Allowable claim (the lesser of amounts 1 or 2 above) - Enter this amount on line 9945 on page 1 ^ Details of equity Line 9931: Total business liabilities ^ Line 9932: Drawings in 2006 ^ Line 9933: Capital contributions in 2006 ^ *** Transcriber's Note: In print, Area A is set-up as 10 columns with 3 entry lines for each column. *** Area A - Calculating capital cost allowance (CCA) Part XI properties (acquired after 1971) Column 1: Class number ^ Column 2: Undepreciated capital cost (UCC) at the start of the year ^ Column 3: Cost of additions in the year (see Areas B and C on page 3) ^ Column 4: Proceeds of dispositions in the year (see Areas D and E on page 3) ^ Column 5*: UCC after additions and dispositions (column 2 plus column 3 minus column 4) ^ Column 6: Adjustment for current-year additions (one-half multiplied by (column 3 minus column 4)) If negative, enter "0" ^ Column 7: Base amount for CCA (column 5 minus column 6) ^ Column 8: Rate (%) ^ Column 9: CCA for the year (column 7 multiplied by column 8 or an adjusted amount) ^ Column 10: UCC at the end of the year (column 5 minus column 9) ^ Line i: Total CCA on Part XI properties (enter on line 9936 on page 1 the "business" part of this amount minus any CCA for business-use-of-home expenses**) (add all the amounts in column 9) ^ * If you have a negative amount in this column, add it to income as a recapture under "Other income" on the appropriate line on page 1. If there is no property left in the class and there is a positive amount in the column, deduct the amount from income as a terminal loss on line 9270 "Other expenses" on page 1. Recapture and terminal loss do not apply to a Class 10.1 property. For more information, read Chapter 3 of Guide T4004, Fishing Income. ** For information on CCA for business-use-of-home expenses, read "Special situations", Chapter 3 of Guide T4004, Fishing Income. *** Transcriber's Note: In print, Part XVII is set-up as 7 columns with 3 entry lines for each column. *** Part XVII properties (acquired before 1972) Column 1: Year acquired ^ Column 2: Property description ^ Column 3: Month of disposition ^ Column 4: Cost (business portion) ^ Column 5: Rate (%) ^ Column 6: Allowance for this year ^ Column 7: Total allowance for this year and previous years ^ Line ii: Total CCA on Part XVII properties (add all the amounts in column 6) ^ Enter the total of lines i and ii on line 9936 on page 1. T2121 E (06) (Page 3 of 4) *** Transcriber's Note: In print, Areas B, C, D and E are set-up as 5 columns with 3 entry lines for each column. *** Area B - Details of equipment additions in the year Column 1: Class number ^ Column 2: Property description ^ Column 3: Total cost ^ Column 4: Personal part (if applicable) ^ Column 5: Business part (column 3 minus column 4) ^ Line 9925: Total equipment additions in the year (add all the amounts in column 5) ^ Area C - Details of building additions in the year Column 1: Class number ^ Column 2: Property description ^ Column 3: Total cost ^ Column 4: Personal part (if applicable) ^ Column 5: Business part (column 3 minus column 4) ^ Line 9927: Total building additions in the year (add all the amounts in column 5) ^ Area D - Details of equipment dispositions in the year Column 1: Class number ^ Column 2: Property description ^ Column 3: Proceeds of disposition (should not be more than the capital cost) ^ Column 4: Personal part (if applicable) ^ Column 5: Business part (column 3 minus column 4) ^ Line 9926: Total equipment dispositions in the year (add all the amounts in column 5) ^ Note: If you disposed of property from your fishing business in the year, see Chapter 3 of Guide T4004, Fishing Income, for information about your proceeds of disposition. Area E - Details of building dispositions in the year Column 1: Class number ^ Column 2: Property description ^ Column 3: Proceeds of disposition (should not be more than the capital cost) ^ Column 4: Personal part (if applicable) ^ Column 5: Business part (column 3 minus column 4) ^ Line 9928: Total building dispositions in the year (add all the amounts in column 5) ^ Note: If you disposed of property from your fishing business in the year, see Chapter 3 of Guide T4004, Fishing Income, for information about your proceeds of disposition. Area F - Details of land additions and dispositions in the year Line 9923: Total cost of all land additions in the year ^ Line 9924: Total proceeds from all land dispositions in the year ^ Note: You cannot claim capital cost allowance on land. *** Transcriber's Note: Enter as many lines as necessary for the following *** Details of other partners Name and address ^ Share of net income or (loss) $ ^ Percentage of partnership ^ Name and address ^ Share of net income or (loss) $ ^ Percentage of partnership ^ T2121 E (06) (Page 4 of 4) Chart A - Motor vehicle expenses Line 1: Enter the kilometres you drove in the tax year to earn business income ^ Line 2: Enter the total kilometres you drove in the tax year ^ Line 3: Fuel and oil ^ Line 4: Interest (see Chart B below) ^ Line 5: Insurance ^ Line 6: Licence and registration ^ Line 7: Maintenance and repairs ^ Line 8: Leasing (see Chart C below) ^ Line 9: Other expenses (please specify) ^ Line 10: Other expenses (please specify) ^ Line 11: Total motor vehicle expenses: Add lines 3 to 10 ^ Line 12: Business-use part: (line 1 divided by line 2) multiplied by line 11 = $ ^ Line 13: Business parking fees ^ Line 14: Supplementary business insurance ^ Line 15: Add lines 12, 13, and 14 $^ Allowable motor vehicle expenses: Enter the amount from line 15 on line 9281 on page 1. Note: You can claim CCA on motor vehicles in Area A on page 3. Chart B - Available interest expense for passenger vehicles Line A: Total interest payable (accrual method) or paid (cash method) in the fiscal period ^ Line B: (enter $10 or $8.33)* multiplied by the number of days in the fiscal period for which interest was payable (accrual method) or paid (cash method) ^ * For passenger vehicles bought: - from September 1, 1989 to December 31, 1996 and from 2001 to 2006, use $10; - from 1997 to 2000, use $8.33 Available interest expense: amount A or B, whichever is less (enter this amount on line 4 of Chart A) $ ^ Chart C - Eligible leasing costs for passenger vehicles Line 1: Total lease charges incurred in your 2006 fiscal period for the vehicle ^ Line 2: Total lease payments deducted before your 2006 fiscal period for the vehicle ^ Line 3: Total number of days the vehicle was leased in your 2006 fiscal period and previous fiscal periods ^ Line 4: Manufacturer's list price ^ Line 5: The amount on line 4 or [$35,294* + (GST and PST, or HST on $35,294)], whichever is more multiplied by 85% = ^ Line 6: [($800* + GST and PST, or HST on $800) multiplied by line 3] divided by 30 minus line 2 = ^ Line 7: [($30,000* + GST and PST, or HST on $30,000) multiplied by line 1] divided by line 5 = ^ Eligible leasing cost: line 6 or 7, whichever is less $ ^ (Enter this amount on line 8 of Chart A above) * If you entered into a lease agreement before January 1, 2001, make the following changes to the chart: - Line 5, replace $35,294 with: After 1990 and before 1997 $28,235; 1997 $29,412; 1998 and 1999 $30,588; 2000 $31,765 - Line 6, replace $800 with: After 1990 and before 1997 $650; 1997 $550; 1998 and 1999 $650; 2000 $700 - Line 7, replace $30,000 with: After 1990 and before 1997 $24,000; 1997 $25,000; 1998 and 1999 $26,000; 2000 $27,000