,canada ,rev5ue ,ag5cy ,t#djjb--,busi;s & ,profes.nal ,9come ,9cludes ,=ms ,t#babd & ,t#bjcb #bjjf ,9 ,"o ,volume ,pr9t ,pages #d-ej ,brl ,pages ;i-;xv & #a-caf ,9dex ,brl ,page ,2f ,y ,/>t """"""""""""""""""""""""" #a ,is ? guide = y8 """""""""""""""""" #a ,=ms & public,ns """""""""""""""""" #b ,d y ne$ m 9=m,n8 """"""""""""""""" #c ,teletypewrit] us]s """"""""""""""" #c ,:at's ,new = #bjjf8 """""""""""""""" #d ,my ,busi;s ,a3.t """"""""""""""" #d ,c>ry-,=w>d ( ,busi;s ,losses & ,9ve/;t ,tax ,cr$its """""""" #e ,,gst/,,hst """"""""""""""""""""" #e ,propos$ ,*anges 9 ,f$]al ,budget ,may #b1 #bjjf """""""" #f ,appr5tice%ip ,job ,cre,n ,tax ,cr$it 7,,ajctc7 """""""""""""" #f ,*anges 6,capital ,co/ ,all[.e 7,,cca7--,class #ab """"""""""" #f ,po9t4 ,click4 ,x's t qk6 """"""""" #g ,ta# ( ,3t5ts """"""""""""""""""""""" #i ,*apt] #a--,g5]al ,9=m,n """"""""""" #ac ,busi;s & busi;s 9come """"""""""" #ac ;i ,9dex ,h[ d y report yr busi;s 9come8 "" #af ,fiscal p]iod """""""""""""""""" #af ,a3rual me?od """""""""""""""""" #ag ,ca% me?od """"""""""""""""""""" #ah ,busi;s records """""""""""""""""" #ah ,9come records """"""""""""""""" #ai ,sales ,j\rnal--,mon? ( ,july "" #bj ,exp5se records """""""""""""""" #bc ,exp5se ,j\rnal--,mon? ( ,july #bd ,yr records """""""""""""""""""" #bh ,"t limits """"""""""""""""""""" #bi ,9/al;t pay;ts """"""""""""""""""" #ca ,dates 6rememb] """""""""""""""""" #ca ,:at is a "pn]%ip8 """"""""""""""" #cc ,report+ "pn]%ip 9come """"""""" #cd ,"pn]%ip losses """""""""""""""" #ce ,"pn]%ips t h 6file a "pn]%ip 9=m,n return """"""""""""""""" #cf ,"pn]%ips t d n h 6file a "pn]%ip 9=m,n return """"""""" #cg ,capital co/ all[.e 7,,cca7 "" #ch ,eligi# capital exp5ditures "" #ci ,limit$ "pn]%ip """""""""""""" #dj ;ii ,9dex ,gds & s]vices tax/h>moniz$ sales tax 7,,gst/,,hst7 rebate """"""""""""""""""""""" #dj ,9ve/;t tax cr$it """""""""""""""" #db ,appr5tice%ip ,job ,cre,n ,tax ,cr$it 7,,ajctc7--propos$ legisl,n """"""""""""""""""""""" #db ,*apt] #b--,9come ,f ,busi;s or ,profes.n """""""""""""""""""""""" #de ,sole proprietor%ips """"""""""""" #de ,"pn]%ips """""""""""""""""""""""" #de 8,id5tific,n0 >ea on ,=m ,t#babd & ,=m ,t#bjcb """""""""""""""""" #dg ,=m ,t#babd1 ,/ate;t ( ,busi;s ,activities """""""""""""""""""" #di ,sales1 -mis.ns1 or fees """"""" #di ,l9e #hjjj--,net sales1 -mis.ns1 or fees """"""""""""" #ea ,l9e #hbij--,res]ves deduct$ la/ ye> """""""""""""""""""""" #ea ,l9e #hbcj--,o!r 9come """"""""" #ea ,l9e #hbii--,gross 9come """"""" #ec ,calcul,n ( co/ ( gds sold """"" #ec ;iii ,9dex ,l9e #hcjj--,op5+ 9v5tory & ,l9e #hejj--,clos+ 9v5tory #ed ,9v5tory value ( an >ti/ic 5d1v\r """"""""""""""""""""" #ef ,gifts ( 9v5tory 0an >ti/ """" #eg ,l9e #hcbj--,pur*ases dur+ ! ye> 7net ( returns1 all[.es1 & 4c.ts7 """""""""" #eg ,l9e #hcfj--,subcontracts """""" #eh ,l9e #hcdj--,direct wage co/s """"""""""""""""""""""" #eh ,l9e #heai--,gross pr(it """"""" #ei ,=m ,t#bjcb1 ,/ate;t ( ,profes.nal ,activities """""""" #ei ,profes.nal fees """"""""""""""" #fj ,elec;n 6exclude yr ,,wip """" #fa ,l9e #hjjj--,adju/$ profes.nal fees """"""""""""""""""""""""" #fc ,l9e #hbij--,res]ves deduct$ la/ ye> """""""""""""""""""""" #fd ,l9e #hbcj--,o!r 9come """"""""" #fd ,l9e #hbii--,gross 9come """"""" #fe ;iv ,9dex ,*apt] #c--,exp5ses """""""""""""""" #ga ,curr5t or capital exp5ses8 """" #ga ,prepd exp5ses """"""""""""""""" #gh ,l9e #heba--,adv]tis+ """""""""" #gh ,l9e #heij--,bad debts """"""""" #gi ,l9e #hgfj--,busi;s tax1 fees1 lic;es1 dues1 memb]%ips1 & subscrip;ns """""""""""""""""" #hj ,l9e #ibge--,deliv]y1 freiies1 wages1 & b5efits """"""""""""""""""""" #aab ,l9e #ibjj--,travel """"""""""" #aae ,l9e #ibbj--,teleph"o & utilities """"""""""""""""""" #aae ,l9e #ibgj--,o!r exp5ses """""" #aaf ,4abil;y-relat$ modific,ns """" #aaf ,-put] & o!r equip;t l1s+ co/s """""""""""""""""""""" #aag ,l1s+ co/s """""""""""""""""" #aah ,3v5;n exp5ses """""""""""""" #abj ;vi ,9dex ,all[a# res]ves """"""""""""" #abb ,private h1l? s]vices plan 7,,phsp7 """""""""""""""""" #abb ,def9i;ns """"""""""""""""""" #abe ,h[ 6calculate yr maximum deduc;n = ,,phsp's """""""" #abf ,if y did n h any employees "?\t #bjjf """""""""""""""" #abg ,if y _h employees "?\t #bjjf """"""""""""""""""""" #acj ,if y _h employees = "p (! ye> """"""""""""""""""""""" #ace ,undeduct$ premiums """"""""" #acg ,l9e #iice--,all[.e on eligi# capital prop]ty """"""""""""" #acg ,l9e #iicf--,capital co/ all[.e """""""""""""""""""""" #ach ,l9e #icfi--,net 9come 7loss7 2f adju/;ts """"""""""""""""" #ach ,l9e #iidc--,o!r am.ts deducti# f yr %>e ( net "pn]%ip 9come 7loss7 """""""" #aci ;vii ,9dex ,l9e #iide--,busi;s-use-(-home exp5ses """"""""""""""""""""" #adj ,l9e #iidf--,yr net 9come 7loss7 """""""""""""""""""""" #adf ,details ( o!r "pn]s """""""""" #adg ,details ( equ;y 7page #b ( ,=m ,t#babd & ,=m ,t#bjcb7 "" #adg ,l9e #iica--,total busi;s liabilities """"""""""""""" #adh ,l9e #iicb--,draw+s 9 #bjjf #adh ,l9e #iicc--,capital 3tribu;ns 9 #bjjf """"""""" #adi ,*apt] #d--,capital ,co/ ,all[.e 7,,cca7 """"""""""""""""""""""""" #aea ,:at is capital co/ all[.e8 """"" #aea ,def9i;ns """"""""""""""""""""""" #aea ,availa# = use """""""""""""""" #aeb ,capital co/ """""""""""""""""" #aec ,deprecia# prop]ty """""""""""" #aed ,fair m>ket value 7,,fmv7 """"" #aed ,non->m's l5g? transac;n """""" #aee ,proce$s ( 4posi;n """""""""""" #aee ;viii ,9dex ,undepreciat$ capital co/ 7,,ucc7 """"""""""""""""""""" #aef ,h[ m* ,,cca c y claim8 """"""""" #aef ,"! >e a few o!r ?+s y %d "k ab ,,cca3 """"""""""""""""""" #aeg ,h[ d y make yr claim8 """""""""" #afa ,column #a--,class numb] """""" #afb ,column #b--,undepreciat$ capital co/ 7,,ucc7 at ! />t (! ye> """""""""""""""""""""" #afc ,column #c--,co/ ( a4i;ns 9 ! ye> """"""""""""""""""""""""" #afd ,>ea ;,b--,details ( equip;t a4i;ns 9 ! ye> """""""""""" #aff ,>ea ;,c--,details ( build+ a4i;ns 9 ! ye> """""""""""""" #afg ,l& """"""""""""""""""""""""" #afg ,>ea ;,f--,details ( l& a4i;ns & 4posi;ns 9 ! ye> #afh ,column #d--,proce$s ( 4posi;ns 9 ! ye> """""""""""" #afi ,>ea ;,d--,details ( equip;t 4posi;ns 9 ! ye> """""""""" #aga ;ix ,9dex ,>ea ;,e--,details ( build+ 4posi;ns 9 ! ye> """""""""" #aga ,>ea ;,f--,details ( l& a4i;ns & 4posi;ns 9 ! ye> #agb ,column #e--,,ucc af a4i;ns & 4posi;ns """""""""""""""""""" #agb ,recapture ( ,,cca """""""""" #agb ,t]m9al loss """""""""""""""""" #agc ,column #f--,adju/;t = curr5t- ye> a4i;ns """""""""""""""""" #agd ,column #g--,base am.t = ,,cca #agg ,column #h--,rate 7@3p7 """"""" #agg ,column #i--,,cca =! ye> """""" #agh ,column #aj--,,ucc at ! 5d (! ye> """"""""""""""""""""""""" #agh ,classes ( deprecia# prop]ty """" #agi ,build+s """""""""""""""""""""" #agi ,class #a 7#d@3p7 """"""""""" #ahj ,class #c 7#e@3p7 """"""""""""" #aha ,class #f 7#aj@3p7 """""""""""" #ahb ,o!r prop]ty--,class #h 7#bj@3p7 """""""""""""""""""" #ahd ;x ,9dex ,electronic (fice equip;t & ,data net"w 9fra/ructure equip;t--,class #h 7#bj@3p71 ,class #aj 7#cj@3p71 ,class #df 7#cj@3p7 & ,class #de 7#de@3p7 """""""""""""""""""" #ahe ,pass5g] vehicles--,class #aj.a 7#cj@3p7 """""""""""""" #ahf ,small tools--,class #ab 7#ajj@3p7 """"""""""""""""""" #aij ,special situ,ns """""""""""""""" #aia ,p]sonal use ( prop]ty """""""" #aia ,*ang+ f p]sonal 6busi;s use "" #aic ,grants1 subsidies1 or o!r 9c5tives or 9duce;ts """""""" #aif ,non->m's l5g? transac;ns """"" #aig ,capital ga9s """"""""""""""""" #bjb ,special rules = 4pos+ (a build+ 9 ! ye> """""""""""""" #bjc ,calcul,n ;,a--,l& & build+ sold 9 ! same ye> """"""""" #bjf ,calcul,n ;,b--,l& & build+ sold 9 di6]5t ye>s """""""" #bjh ;xi ,9dex ,replace;t prop]ty """""""""""" #baj ,>ea ;,a--,calcul,n ( capital co/ all[.e claim "" #bab ,>ea ;,b--,details ( equip;t a4i;ns 9 ! ye> """""""""""" #baf ,>ea ;,d--,details ( equip;t 4posi;ns 9 ! ye> """""""""" #bag ,,cca classes """"""""""""""" #bah ,summ>y ( ,*apt]s #b 6#d--,- plet$ ,=m ,t#babd """"""""" #bbe ,*apt] #e--,eligi# ,capital ,exp5ditures """""""""""""""""""" #bce ,:at is an eligi# capital exp5diture8 """"""""""""""""""" #bce ,:at is an annual all[.e8 """"""" #bce ,:at is a cumulative eligi# capital 7,,cec7 a3.t8 """"""""" #bcf ,h[ 6calculate yr annual all[.e #bcf ,,cec a3.t """""""""""""""""""" #bcf ,sole proprietor """""""""""""""" #bda ,sale ( eligi# capital prop]ty 9 ! #bjjf fiscal p]iod """""" #bda ;xii ,9dex ,"pn]%ip """""""""""""""""""""""" #bde ,sale ( eligi# capital prop]ty 9 ! #bjjf fiscal p]iod """""" #bde ,elec;n """"""""""""""""""""""""" #bej ,replace;t prop]ty """""""""""""" #bea ,app5dix--,9du/ry ,codes """""""""" #bec ,profes.ns """""""""""""""""""""" #bec ,s]vices """""""""""""""""""""""" #bed ,sales """""""""""""""""""""""""" #bfj ,:olesales """""""""""""""""""""" #bfb ,3/ruc;n """""""""""""""""""""""" #bfc ,manufactur+ """""""""""""""""""" #bfd ,natural res\rce 9du/ries """"""" #bfe ,9dex """"""""""""""""""""""""""""" #bfg ,yr op9ion c.ts6 """""""""""""""""" #bgd ,t#babd--,/ate;t ( ,busi;s ,activities """"""""""""""""""""" #bge ,id5tific,n """"""""""""""""""""" #bge ,o!r am.ts deducti# f yr %>e ( net "pn]%ip 9come 7loss7 """""" #bha ,calcul,n ( busi;s-use-(-home exp5ses """"""""""""""""""""""" #bha ,details ( o!r "pn]s """""""""""" #bhc ;xiii ,9dex ,details ( equ;y """""""""""""""" #bhc ,>ea ;,a--,calcul,n ( capital co/ all[.e 7,,cca7 claim """""" #bhd ,>ea ;,b--,details ( equip;t a4i;ns 9 ! ye> """""""""""""""" #bhf ,>ea ;,c--,details ( build+ a4i;ns 9 ! ye> """""""""""""""" #bhg ,>ea ;,d--,details ( equip;t 4posi;ns 9 ! ye> """""""""""""" #bhh ,>ea ;,e--,details ( build+ 4posi;ns 9 ! ye> """""""""""""" #bhi ,>ea ;,f--,details ( l& a4i;ns & 4posi;ns 9 ! ye> """""""""""""" #bij ,*>t ;,a--,motor vehicle exp5ses #bij ,*>t ;,b--,availa# 9t]e/ exp5se = pass5g] vehicles """""""""""" #bib ,*>t ;,c--,eligi# l1s+ co/s = pass5g] vehicles """""""""""""" #bic ,t#bjcb--,/ate;t ( ,profes.nal ,activities """"""""""""""""""""" #big ,id5tific,n """"""""""""""""""""" #big ,o!r am.ts deducti# f yr %>e ( net "pn]%ip 9come 7loss7 """""" #cjb ;xiv ,9dex ,calcul,n ( busi;s-use-(-home exp5ses """"""""""""""""""""""" #cjc ,details ( o!r "pn]s """""""""""" #cjd ,details ( equ;y """""""""""""""" #cje ,>ea ;,a--,calcul,n ( capital co/ all[.e claim """""""""""""" #cje ,>ea ;,b--,details ( equip;t a4i;ns 9 ! ye> """""""""""""""" #cjh ,>ea ;,c--,details ( build+ a4i;ns 9 ! ye> """""""""""""""" #cji ,>ea ;,d--,details ( equip;t 4posi;ns 9 ! ye> """""""""""""" #cji ,>ea ;,e--,details ( build+ 4posi;ns 9 ! ye> """""""""""""" #caj ,>ea ;,f--,details ( l& a4i;ns & 4posi;ns 9 ! ye> """""""""""""" #caa ,*>t ;,a--,motor vehicle exp5ses #cab ,*>t ;,b--,availa# 9t]e/ exp5se = pass5g] vehicles """""""""""" #cac ,*>t ;,c--,eligi# l1s+ co/s = pass5g] vehicles """""""""""""" #cad ;xv ,transcrib]'s note3 7,front cov]7 ,canada ,rev5ue ,ag5cy ,busi;s & ,profes.nal ,9come ,9cludes ,=ms ,t#babd & ,t#bjcb #bjjf ,t#djjb 7,e7 ,rev4 #jf _+www.cra.gc.ca_: ,transcrib]'s note3 7,9side front cov]7 ,2f ,y ,/>t ,is ? guide = y8 ,use ? guide if y >e a .self-employ$ .busi;sp]son or a .profes.nal4 ,x w help y calculate ! busi;s or profes.nal 9come y w report on yr #bjjf 9come tax #a ,2f y />t return4 ..,self-employ$ -mis.n sales .p]sons %d al use ? guide 6det]m9e ! 9come 6report 9 #bjjf4 ,y >e 3sid]$ 6be self-employ$ if y h a busi;s rel,n%ip )a pay] & y al h ! "r 6det]m9e ":1 :51 & h[ yr "w is d"o4 ,= m 9=m,n1 see ,guide ,,rc#daaj1 ,employee or ,self-,employ$8 ,=ms & public,ns ,9 ! mi4le ( ? guide1 y w f9d two copies ( ,=m ,t#babd1 ,/ate;t ( ,busi;s ,activities1 & ,=m ,t#bjcb1 ,/ate;t ( ,profes.nal ,activities4 ,! =ms c help y calculate yr 9come & exp5ses = 9come tax purposes4 ,we 5c\rage y 6use !m4 ,h["e1 we w 3t9ue 6a3ept o!r types ( f9ancial /ate;ts4 ,y h 6-plete a sep>ate =m = ea* busi;s or profes.nal activ;y y op]ate4 ,= m 9=m,n1 see ,9t]pret,n ,bullet9 ,,it- #bjf1 ,sep>ate ,busi;ses4 #b ,2f y />t ,"?\t ! guide1 we al ref] 6o!r =ms & public,ns4 ,if y ne$ m copies ( ,=m ,t#babd1 ,=m ,t#bjcb1 or any o!r =ms or public,ns1 visit \r ,web site at _+www.cra.gc.ca_:4 ,y may want 6bookm>k ? a4ress = easi] a3ess 6\r site 9 ! future4 ,y c al ord] =ms & public,ns 0call+ u at #a-hjj-iei-bbba4 ,d y ne$ m 9=m,n8 ,? guide expla9s ! mo/ -mon tax situ,ns4 ,if y ne$ m 9=m,n ab busi;ses or profes.nal activities1 visit \r ,web site at _+www.cra.gc.ca_: or call \r ,busi;s ,5quiries l9e at #a-hjj-iei-eebe4 ,teletypewrit] us]s ,if y use a teletypewrit] 7,,tty71 y c call \r bil+ual 5quiry s]vice at #a-hjj-ffe-jced4 #c ,:at's ,new = #bjjf8 ,transcrib]'s note3 7,! >1s \tl9$ 9 r$ >e 9dicat$ by 8,/>t \tl9e0 & 8,5d \tl9e0 at ! left m>g947 ,/>t \tl9e ,my ,busi;s ,a3.t ,my ,busi;s ,a3.t1 ,canada ,rev5ue ,ag5cy's 7,,cra's7 new onl9e s]vice1 provides 3v5i5t & secure a3ess 6a gr[+ range ( p]sonaliz$ busi;s a3.t 9=m,n & s]vices4 ,9 ! fall ( #bjjg1 ,my ,busi;s ,a3.t w al (f] a3ess = au?oriz$ ?ird "pies &a full range ( busi;s a3.t op;ns4 ,visit _+www.cra.gc.ca/_& mybusinessaccount_: 6f9d \ m ab ? excit+ a4i;n 6\r suite ( electronic s]vices = busi;s4 #d ,c>ry-,=w>d ( ,busi;s ,losses & ,9ve/;t ,tax ,cr$its ,! #aj ye> c>ry-=w>d p]iod is ext5d$ 6#bj ye>s =! foll[+ losses 9curr$ & cr$its e>n$ 9 tax,n ye>s t 5d af #bjje3 --non-capital losses2 --f>m losses2 --re/rict$ f>m losses2 --life 9sur]'s ,canadian life 9ve/;t losses2 & --9ve/;t tax cr$its e>n$ = ,sci5tific ,rese>* & ,exp]i;tal ,develop;t 7,,sr ^) 99,,$74 ,,gst/,,hst ,/>t+ 9 ,april #bjjg1 if y >e a self- employ$ busi;sp]son or a profes.nal &a ,,gst/,,hst regi/rant1 y may rcv a mon?ly /ate;t ab yr ,,gst/,,hst a3.t 6help y /ay up-to-date4 ,^! new /ate;ts w 2 s5t 6y only if "! is activ;y on yr ,,gst/,,hst a3.t4 #e ,propos$ ,*anges 9 ,f$]al ,budget ,may #b1 #bjjf ,appr5tice%ip ,job ,cre,n ,tax ,cr$it 7,,ajctc7 ,an eligi# sal>y pd 6an employee regi/]$ 9 a prescrib$ trade 9 ! f/ two ye>s ( _! prov9ci,y regi/]$ appr5tice%ip 3tracts qualifies =a non-refunda# tax cr$it =! employ]4 ,! availa# cr$it is #aj@3p1 (! eligi# sal>y & wages1 paya# 6! appr5tice af ,may #a1 #bjjf1 or 4#b1jjj1 :i*"e is less4 ,= m 9=m,n1 see ,appr5tice%ip ,job ,cre,n ,tax ,cr$it 7,,ajctc7 on page #i4 ,*anges 6,capital ,co/ ,all[.e 7,,cca7--,class #ab ,small tools may 2 9clud$ 9 ,class #ab 7#ajj@3p7 if !y >e acquir$ on or af ,may #b1 #bjjf & co/ less ?an 4#ejj 7curr5tly 4#bjj74 ,= m 9=m,n #f ,:at's new = #bjje8 see ,small tools--,class #ab 7#ajj@3p7 on page #cc4 ,5d \tl9e ,po9t4 ,click4 ,x's t qk6 ,t's all x takes 6get tax 9=m,n :5 y ne$ x4 ,visit _+www.cra.gc.ca_: td & f9d \ h[ easy manag+ yr taxes c be4 ,! ,canada ,rev5ue ,ag5cy 7,,cra7 wants 6decr1se ! dem& = pap]4 ,! a3essibil;y (! ,9t]net 3t9ues 69cr1se4 ,9 ! future1 we 5c\rage y 6view ? guide on \r ,web site at _+www.cra.gc.ca/_e/_& pub/tg/_t4002_:1 z well z & pr9t ! "ps y ne$4 ,if y h a visual impair;t1 y c get \r public,ns & yr p]sonaliz$ correspond;e 9 brl1 l>ge pr9t1 or etext 7;,,cd or diskette71 or on audio cassette or ,,mp#c4 ,= details1 visit \r ,web site at _+www.cra.gc.ca/alternate_: or call #a-hjj-iei-bbba4 #g #h ,ta# ( ,3t5ts #d ,page ,*apt] #a--,g5]al ,9=m,n """""""""""" #e ,busi;s & busi;s 9come """""""""""" #e ,h[ d y report yr busi;s 9come8 """ #e ,busi;s records """"""""""""""""""" #f ,9/al;t pay;ts """""""""""""""""""" #g ,dates 6rememb] """"""""""""""""""" #h ,:at is a "pn]%ip8 """""""""""""""" #h ,9ve/;t tax cr$it """"""""""""""""" #i ,appr5tice%ip ,job ,cre,n ,tax ,cr$it 7,,ajctc7--propos$ legisl,n """""""""""""""""""""""" #i ,*apt] #b--,9come ,f ,busi;s or ,profes.nal """""""""""""""""""""" #aj ,sole proprietor%ips """"""""""""" #aj ,"pn]%ips """""""""""""""""""""""" #aj 8,id5tific,n0 >ea on ,=m ,t#babd & ,=m ,t#bjcb """""""""" #aj ,=m ,t#babd1 ,/ate;t ( ,busi;s ,activities """""""""""""""""""" #aj ,=m ,t#bjcb1 ,/ate;t ( ,profes.nal ,activities """""""" #ab #i ,ta# ( 3t5ts a#d ,*apt] #c--,exp5ses """""""""""""""" #ad ,*apt] #d--,capital ,co/ ,all[.e 7,,cca7 """""""""""""""""""""""""" #bf ,:at is capital co/ all[.e8 """""""" #bf ,def9i;ns """""""""""""""""""""""""" #bg ,h[ m* ,,cca c y claim8 """""""""""" #bg ,h[ d y make yr claim8 """"""""""""" #bh ,column #a--,class numb] """"""" #bh ,column #b--,undepreciat$ capital co/ 7,,ucc7 at ! />t (! ye> """"""""""""""""""" #bh ,column #c--,co/ ( a4i;ns 9 ! ye> """""""""""""""""""""""""" #bi ,column #d--,proce$s ( 4posi;ns 9 ! ye> """"""""""""" #bi ,column #e--,,ucc af a4i;ns & 4posi;n """""""""""""""""""""" #cj ,column #f--,adju/;t = curr5t-ye> a4i;ns """""""""""" #cj ,column #g--,base am.t = ,,cca """""""""""""""""""""""" #ca ,column #h--,rate 7@3p7 """""""" #ca ,column #i--,,cca =! ye> """"""" #ca #aj ,ta# ( 3t5ts b#d ,column #aj--,,ucc at ! 5d (! ye> """""""""""""""""""""""""" #ca ,classes ( deprecia# prop]ty """"" #ca ,special situ,ns """"""""""""""""" #cc ,,cca classes """""""""""""""""""" #ci ,summ>y ( ,*apt]s #b 6#d-- ,-plet$ ,=m ,t#babd """""""""""" #dj ,*apt] #e--,eligi# ,capital ,exp5ditures """"""""""""""""""""" #db ,:at is an eligi# capital exp5diture8 """""""""""""""""""" #db ,:at is an annual all[.e8 """""""" #db ,:at is a cumulative eligi# capital 7,,cec7 a3.t8 """""""""" #db ,h[ 6calculate yr annual all[.e "" #db ,sole proprietor ,sale ( eligi# capital prop]ty 9 ! #bjjf fiscal p]iod """""""""""""""""""""""" #dc ,"pn]%ip ,sale ( eligi# capital prop]ty 9 ! #bjjf fiscal p]iod """""""""""""""""""""""" #dc #aa ,ta# ( 3t5ts c#d ,elec;n """""""""""""""""""""""""" #dd ,replace;t prop]ty """"""""""""""" #de ,app5dix--,9du/ry ,codes """"""""""" #df ,9dex """""""""""""""""""""""""""""" #di #ab ,*apt] #a--,g5]al ,9=m,n #e ,? *apt] has g5]al 9=m,n = all busi;ses 79clud+ self-employ$ -mis.n sales7 & profes.nal activities4 ,x al provides 9=m,n specific,y = "pn]%ips4 ,busi;s & busi;s 9come ,a busi;s is an activ;y t y 9t5d 6c>ry on = pr(it & "! is evid;e 6support t 9t5;n4 ,a busi;s 9cludes3 --a profes.n2 --a call+2 --a trade2 --a manufacture2 --an "utak+ ( any k9d2 & --an adv5ture or 3c]n 9 ! nature ( trade 7= m details1 see ,9t]pret,n ,bullet9 ,,it-#dei1 ,adv5ture or ,3c]n 9 ! ,nature ( ,trade74 ,busi;s 9come 9cludes 9come f any activ;y y d = pr(it4 ,= example1 9come f a s]vice busi;s is busi;s 9come4 #ac ,*apt] #a a#e ,h["e1 y d n 9clude employ;t 9come z busi;s 9come4 ,note ,if y fail 6report all yr 9come y may 2 subject 6a p5alty ( #aj@3p (! am.t y fail$ 6report af yr f/ omis.n4 ,a di6]5t p5alty may apply if y "k+ly or "u circum/.es am.t+ 6gross neglig;e "picipate 9 ! mak+ (a false /ate;t or omis.n on yr tax return4 ,? p5alty is #ej@3p (! tax attributa# 6! omis.n or false /ate;t 7m9imum 4#ajj74 ,y 7 ask+8 ,"q ,:5 does a busi;s />t8 ,c y deduct ! co/s y 9cur 2f & dur+ ! />t (a busi;s8 ,answ] ,we look at ea* case on xs [n m]its4 ,g5],y1 we 3sid] t a busi;s />ts :5"e y />t "s significant activ;y t is a #ad ,*apt] #a b#e regul> "p (! busi;s or t is nec 6get ! busi;s go+4 ,= example1 suppose y decide 6/>t a m]*&is+ busi;s & y buy 5 gds = resale 6/>t ! busi;s4 ,at ? po9t1 we wd 3sid] t ! busi;s has />t$4 ,y c usu,y deduct exp5ses y h 9curr$ f t date 6e>n ! busi;s 9come4 ,y cd / deduct ! exp5ses ev5 if1 despite all yr ef=ts1 ! busi;s 5d$4 ,on ! o!r h&1 assume y review s"eal di6]5t busi;s prospects 9 ! hope ( go+ 96a busi;s ( "s k9d4 ,9 ? case1 we wd n 3sid] t ! busi;s has />t$1 & y cd n deduct any (! co/s y 9cur4 ,= m details ab />t+ a busi;s1 see ,9t]pret,n ,bullet9 ,,it-#cfd1 ,-m;e;t ( ,busi;s ,op],ns4 ,! law all[s ,/ati/ics ,canada 6a3ess busi;s 9=m,n collect$ 0! ,canada ,rev5ue ,ag5cy 7,,cra74 ,/ati/ics ,canada c n[ %>e ) prov9cial /ati/ical ag5cies1 = rese>* & analysis purposes only1 data #ae ,*apt] #a c#e 3c]n+ busi;s activities c>ri$ on 9 _! respective prov9ce4 ,h[ d y report yr busi;s 9come8 ,fiscal p]iod ,y report yr busi;s 9come bas$ on a fiscal p]iod4 ,a .fiscal .p]iod is ! "t cov]$ f ! "d yr busi;s />ts xs busi;s ye> 6! "d yr busi;s 5ds xs busi;s ye>4 ,= an exi/+ busi;s1 ! fiscal p]iod is usu,y #ab mon?s4 ,a fiscal p]iod _c 2 l;g] ?an #ab mon?s4 ,h["e1 x c 2 %ort] ?an #ab mon?s 9 "s cases1 s* z :5 a new busi;s />ts or :5 a busi;s /ops4 ,self-employ$ 9dividuals g5],y h 6use a ,decemb] #ca ye>-5d4 ,if y >e an eligi# 9dividual1 y may 2 a# 6use an alt]native me?od ( report+ yr busi;s 9come t all[s y 6keep a fiscal p]iod t does n 5d on ,decemb] #ca4 ,if yr fiscal ye>-5d is n ,decemb] #ca1 y w ne$ #af ,*apt] #a d#e ! ,guide ,,rc#djae1 ,reconcili,n ( ,busi;s ,9come = ,tax ,purposes 6calculate ! am.t ( busi;s 9come 6report on yr #bjjf 9come tax return4 ,! public,n 9cludes ,=m ,t#aaci1 ,reconcili,n ( #bjjf ,busi;s ,9come = ,tax ,purposes4 ,if y fil$ ,=m ,t#aaci ) yr #bjje 9come tax return1 g5],y y h 6file t =m ag = #bjjf4 ,a3rual me?od ,9 mo/ cases1 z a self-employ$ p]son1 y report busi;s 9come 0us+ ! a3rual me?od ( a3.t+4 ,) ? me?od1 y3 --report yr 9come 9 ! fiscal p]iod y e>n x1 reg>d.s ( :5 y rcv ! 9come2 & --deduct exp5ses 9 ! fiscal p]iod y 9cur !m1 :e!r y pd !m 9 t p]iod or n4 .,9cur usu,y m1ns y ei pd or w h 6pay ! exp5se4 #ag ,*apt] #a e#e ,9come f profes.nal activities is busi;s 9come4 ,"!=e1 y report x us+ ! a3rual me?od4 ,*apt] #b has m details ab profes.nals4 ,ca% me?od ,if y >e a self-employ$ -mis.n sales ag5t1 y c use ! ca% me?od ( report+ yr 9come & exp5ses1 z l;g z x a3urately %[s yr 9come =! ye>4 ,"u ? me?od1 y3 --report 9come 9 ! ye> y rcv x2 & --deduct exp5ses 9 ! ye> y pay !m4 --------------------------------------#f ,busi;s records ,y h 6keep records ( all yr transac;ns 6support yr 9come & exp5se claims4 ,"h >e "s b5efits ( keep+ -plete & organiz$ records3 --,:5 y e>n 9come f _m places1 gd records help y id5tify ! s\rce (! 9come4 ,un.s y keep prop] records1 y may n 2 a# 6prove t "s #ah ,*apt] #a a#f 9come is n f yr busi;s1 or t x is n taxa#4 --,keep+ gd records w rem9d y ( exp5ses y c deduct :5 x is "t 6d yr 9come tax return4 --,gd records w keep y bett] 9=m$ ab ! pa/ & pres5t f9ancial posi;n ( yr busi;s4 --,gd records c help y budget1 spot tr5ds 9 yr busi;s1 & assi/ 6get help f banks & o!r l5d]s4 --,gd records c prev5t pro#ms y may run 96if we audit yr 9come tax returns4 ,9come records ,keep track (! gross 9come yr busi;s e>ns4 ,gross 9come is yr total 9come 2f y deduct ! co/ ( gds sold & exp5ses4 ,yr 9come records %d %[ ! date1 am.t1 & s\rce (! 9come4 ,record ! 9come :e!r y rcvd ca%1 prop]ty1 or s]vices4 #ai ,*apt] #a b#f ,support all 9come 5tries ) orig9al docu;ts4 ,orig9al docu;ts 9clude sales 9voices1 ca% regi/] tapes1 receipts1 pati5t c>ds1 fee /ate;ts1 3tracts1 & s on4 ,"h is an example ( h[ 6record yr 9come4 ,sales ,j\rnal--,mon? ( ,july ,transcrib]'s note3 7,! foll[+ is set up 9 #i columns3 ,column #a3 ,date ,column #b3 ,"picul>s ,column #c3 ,ca% sales 7#a7 99 ,column #d3 ,cr$it sales 7#b7 99 ,column #e3 ,sales returns 7#c7 99 ,column #f3 ,total sales 7#d7 99 ,column #g3 ,,gst/,,hst 7#f@3p7/7#ad@3p7 7#e7 9999 ,column #h3 ,,pst 7#h@3p7 7#f7 ,column #i3 ,pay;t on a3.t 7#g7 ,& space = n9e 5tries47 #bj ,*apt] #a c#f 99 ,does n 9clude gds & s]vices tax/h>moniz$ sales tax 7,,gst/,,hst7 or prov9cial sales tax 7,,pst74 9999 ,if y sell 6a resid5t 9 "o (! "picipat+ prov9ces1 ,,gst & ,,pst >e replac$ 0,,hst at #ad@3p4 ,= m 9=m,n on ,,hst1 see guide ,,rc#djbb1 ,g5]al ,9=m,n = ,,gst/,,hst ,regi/rants4 #a4 ,date3 ,july #a ,"picul>s3 ,daily sales 7#a7 ,ca% sales3 4#adf.jj 7#b7 ,cr$it sales3 4#bg.jj 7#c7 ,sales returns3 4#---- 7#d7 ,total sales3 4#agc.jj 7#e7 ,,gst/,,hst3 4#aj.ch 7#f7 ,,pst3 4#ac.hd 7#g7 ,pay;t on a3.t3 4#aj.jj #b4 ,date3 ,july #b ,"picul>s3 ,daily sales 7#a7 ,ca% sales3 4#afg.jj 7#b7 ,cr$it sales3 4#cf.be 7#c7 ,sales returns3 4#bf.jj #ba ,*apt] #a d#f 7#d7 ,total sales3 4#agg.be 7#e7 ,,gst/,,hst3 4#aj.fd 7#f7 ,,pst3 4#ad.ah 7#g7 ,pay;t on a3.t3 4#---- #c4 ,date3 ,july #c ,"picul>s3 ,daily sales 7#a7 ,ca% sales3 4#aee.jb 7#b7 ,cr$it sales3 4#ai.ie 7#c7 ,sales returns3 4#aj.ja 7#d7 ,total sales3 4#afd.if 7#e7 ,,gst/,,hst3 4#i.ij 7#f7 ,,pst3 4#ac.bj 7#g7 ,pay;t on a3.t3 4#cb.dj #d4 ,date3 ,july #d ,"picul>s3 ,daily sales 7#a7 ,ca% sales3 4#adg.jj 7#b7 ,cr$it sales3 4#bi.ie 7#c7 ,sales returns3 4#---- 7#d7 ,total sales3 4#agf.ie 7#e7 ,,gst/,,hst3 4#aj.fb 7#f7 ,,pst3 4#ad.af 7#g7 ,pay;t on a3.t3 ---- #bb ,*apt] #a e#f ,on ,july #a1 y exam9e ! sales 9voices & ca% regi/] tapes4 ,y f9d t y _h ca% sales ( 4#adf & sales on a3.t ( 4#bg4 ,9 ! sales j\rnal1 y record ! ca% sales 9 column #a & cr$it sales 9 column #b4 ,s9ce "! 7 no m]*&ise returns on ,july #a1 l1ve column #c blank4 ,column #d !n %[s ! total ( yr ca% sales plus cr$it sales m9us any m]*&ise return$ =! "d4 ,9 columns #e & #f1 %[ ! total ,,gst & ,,pst or ,,hst y *>g$ on yr sales4 ,9 column #g1 keep track ( any ca% rcvd on previ\s cr$it sales4 ,d n 9clude ! am.t 9 ! daily sales figures1 s9ce y wd h 9clud$ x 9 ! sales figures on ! "d ! sale took place4 ,exp5se records ,alw get receipts or o!r v\*]s :5 y buy "s?+ = yr busi;s4 ,:5 y buy m]*&ise or s]vices1 ! receipts h 6%[3 #bc ,*apt] #a f#f --! date (! pur*ase2 --! "n & a4ress (! sell] or suppli]2 --! "n & a4ress (! buy]2 & --a full descrip;n (! gds or s]vices4 --------------------------------------#g ,"h is an example ( h[ 6record yr exp5ses4 ,exp5se ,j\rnal--,mon? ( ,july ,transcrib]'s note3 7,! foll[+ is set up 9 elev5 columns3 ,column #a3 ,date ,column #b3 ,"picul>s ,column #c3 ,*eque ,numb] ,column #d3 ,bank ,column #e3 ,,gst 99 ,column #f3 ,pur*ases ,column #g3 ,legal & ,a3t4 ,column #h3 ,adv4 ,column #i3 ,fees ,column #aj3 ,repairs ,column #aa3 ,capital items #bd ,*apt] #a a#g ,note t only ! columns ) 9=m,n >e 9dicat$47 99 ,if y reside 9 "o (! "picipat+ prov9ces1 ,,gst is replac$ 0,,hst4 ,= m 9=m,n on ,,hst1 see ,guide ,,rc#djbb1 ,g5]al ,9=m,n = ,,gst/,,hst ,regi/rants4 ,date3 ,july #a ,"picul>s3 ,,xyz ,radio ,*eque ,numb]3 #djg ,bank3 4#cga.jj ,,gst3 4#ba.jj ,adv43 4#cej.jj ,date3 ,july #a ,"picul>s3 ,smi? ,h>dw>e ,*eque ,numb]3 #djh ,bank3 4#bg.ba ,,gst3 4#a.ed ,repairs3 4#be.fg #be ,*apt] #a b#g ,date3 ,july #b ,"picul>s3 ,c;y ( ,ottawa ,*eque ,numb]3 #dji ,bank3 4#aei.jj ,,gst3 4#i.jj ,fees3 4#aej.jj ,date3 ,july #c ,"picul>s3 ,&y's ,a3.t+ ,*eque ,numb]3 #daj ,bank3 4#bfe.jj ,,gst3 4#ae.jj ,legal & ;,acct43 4#bej.jj ,date3 ,july #e ,"picul>s3 ,:olesale ,supply ,9c4 ,*eque ,numb]3 #daa ,bank3 4#a1hed.ji ,,gst3 4#ajd.ie ,pur*ases3 4#a1gdi.ad ,date3 ,july #e ,"picul>s3 ,$'s ,us$ ,c>s ,*eque ,numb]3 #dab #bf ,*apt] #a c#g ,bank3 4#a1eij.jj ,,gst3 4#ij.jj ,capital items3 4#a1ejj.jj ,y 7 ask+8 ,"q ,:at %d ,i d if "! is no descrip;n on a receipt8 ,answ] ,:5 y buy "s?+1 make sure ! sell] describes ! item4 ,h["e1 "s"ts "! is no descrip;n on ! receipt1 z )a ca% regi/] tape4 ,9 ? case1 y %d write :at ! item is on ! receipt or 9 yr exp5se j\rnal4 ,"q ,:at %d ,i d if a suppli] does n give me a receipt8 ,answ] ,:5 y buy "s?+1 make sure y ask =a receipt4 ,"s"ts1 h["e1 suppli]s may n provide receipts4 ,9 ? case1 write ! 9=m,n 9 yr records4 ,%[ ! "n & #bg ,*apt] #a d#g a4ress (! suppli]1 ! date y made ! pay;t1 ! am.t y pd1 &! details (! transac;n4 ,keep a record (! prop]ties y b"\ & sold4 ,? record %d %[ :o sold y ! prop]ty1 ! co/1 &! date y b"\ x4 ,? 9=m,n w help y calculate yr claim = capital co/ all[.e & o!r am.ts4 ,if y sell or trade a prop]ty1 %[ ! date y sold or trad$ x &! am.t (! pay;t or cr$it f ! sale or trade-in4 ,yr records ,keep a record ( yr daily 9come & exp5ses4 ,we d n issue record books or su7e/ any type ( book or set ( books4 ,"! >e _m record books & bookkeep+ sy/ems availa#4 ,= example1 y c use a book t has columns & sep>ate pages = 9come & exp5ses4 ,keep yr records1 al;g ) yr duplicate deposit slips1 bank /ate;ts1 & #bh ,*apt] #a e#g c.ell$ *eques4 ,keep sep>ate records = ea* busi;s y run4 ,if y want 6keep -put]iz$ records1 make sure !y >e cle> & easy 6r1d4 ,note ,d n s5d yr records ) yr 9come tax return4 ,h["e1 keep !m 9 case we ask 6see !m lat]4 ,if y d n keep ! nec 9=m,n & y d n h any o!r pro(1 we may h 6det]m9e yr 9come us+ o!r me?ods4 ,we may al reduce ! exp5ses y deduct$4 ,"t limits ,dep5d+ on ! situ,n1 keep yr records1 & relat$ v\*]s =! foll[+ l5g?s ( "t3 --if y file yr return on "t1 a m9imum ( six ye>s af ! 5d (! tax ye> 6: !y relate2 #bi ,*apt] #a f#g --if y file yr return late1 six ye>s f ! date y file t 9come tax return2 & --if y file an objec;n or app1l1 until ei ! issue is settl$ &! "t = fil+ any fur!r app1l expires1 or ! six-ye> p]iod m5;n$ abv has expir$1 :i*"e is lat]4 ,^! ret5;n p]iods d n apply 6c]ta9 records4 ,= m details1 see ,9=m,n ,circul> #gh-aj1 ,books & ,records ,ret5;n/,de/ruc;n4 ,if y want 6de/roy yr records & relat$ v\*]s 2f ! m9imum six- ye> p]iod is ov]1 y m/ f/ get writt5 p]mis.n f yr tax s]vices (fice4 ,6d ?1 ei use ,=m ,t#acg1 ,reque/ = ,de/ruc;n ( ,records1 or prep>e yr [n writt5 reque/4 ,= m 9=m,n1 see ,guide ,,rc#ddji1 ,keep+ ,records or visit \r ,web site at _+www.cra.gc.ca_:4 #cj ,9/al;t pay;ts g#g ,z a self-employ$ p]son1 y may h 6make 9/al;t pay;ts = #bjjg4 ,yr #bjjg 9/al;t pay;ts >e due on ,m>* #ae1 ,june #ae1 ,septemb] #ae1 & ,decemb] #ae4 ,9 mo/ cases1 if y h 6pay 09/al;ts1 we w s5d y a notice tell+ y h[ m* 6pay4 ,y may h 6pay 9t]e/ &a p5alty if y d n pay ! full 9/al;t am.t y [e on "t4 --------------------------------------#h ,= m 9=m,n & 6see h[ 6calculate yr 9/al;ts1 see ! ,pamphlet ,p#aaj1 ,pay+ ,yr ,9come ,tax 0,9/al;ts4 ,note ,if any (! dates m5;n$ abv fall on a ,satur"d1 ,sun"d or /atutory holi"d1 y h until ! next busi;s "d 6make yr 9/al;t pay;ts4 ,dates 6rememb] ,febru>y #bh1 #bjjg--,if y h employees1 file yr #bjjf ,t#d #ca ,*apt] #a a#h ,summ>y & ,t#d;,a ,summ>y =ms4 ,al1 give yr employees _! copies (! ,t#d & ,t#d;,a slips4 ,m>* #ae1 #bjjg--,make yr f/ #bjjg 9/al;t pay;t4 ,m>* #ca1 #bjjg--,mo/ "pn]%ips w file a "pn]%ip 9=m,n return 0,m>* #ca1 #bjjg4 ,h["e1 "! >e excep;ns4 ,see ! ,t#djfh1 ,guide =! ,"pn]%ip ,9=m,n ,return1 & ,9=m,n ,circul> #hi-e1 ,"pn]%ip ,9=m,n ,return1 & xs ,special ,rel1se4 ,april #cj1 #bjjg--,pay any bal.e [+4 ,file yr #bjjf 9come tax return if ! exp5ditures (! busi;s >e ma9ly ! co/ or capital co/ ( tax %elt] 9ve/;ts4 ,june #ae1 #bjjg--,make yr second #bjjg 9/al;t pay;t4 ,file yr #bjjf 9come tax return if y h self-employ;t 9come or if y >e ! sp\se or -mon-law "pn] ( "s"o :o does1 un.s ! exp5ditures (! busi;s >e ma9ly ! co/ or capital co/ ( tax %elt] 9ve/;ts4 ,rememb] 9 e case 6pay any bal.e [+ 0,april #cj1 #bjjg1 6avoid 9t]e/ *>ges4 #cb ,*apt] #a b#h ,septemb] #ae1 #bjjg--,make yr ?ird #bjjg 9/al;t pay;t4 ,decemb] #ae1 #bjjg--,make yr f\r? #bjjg 9/al;t pay;t4 ,note ,if any (! dates m5;n$ abv fall on a ,satur"d1 ,sun"d1 or a /atutory holi"d1 y h until ! next busi;s "d 6file yr return or make yr pay;ts4 ,:at is a "pn]%ip8 ,a "pn]%ip is usu,y ! rel,n%ip 2t p]sons :o c>ry on a busi;s 9 -mon )! 2lief !y w make a pr(it4 ,y c h a "pn]%ip )\t a writt5 agree;t4 ,"!=e1 6det]m9e if y >e a "pn]1 det]m9e ! type & ext5t ( yr 9volve;t 9 ! busi;s4 ,see ! laws ( yr prov9ce or t]ritory 6help y decide if y >e a "pn] 9 a c]ta9 busi;s4 ,:5 y =m1 *ange1 or 4solve a rel,n%ip t may 2 a "pn]%ip1 3sid]3 #cc ,*apt] #a c#h --:e!r ! rel,n%ip is a "pn]%ip2 --! special rules ab capital ga9s or losses &! recapture ( capital co/ all[.e t apply :5 y give prop]ties 6a "pn]%ip2 --! special rules t apply :5 y 4solve a "pn]%ip2 & --! special rules t apply :5 y sell or 4pose ( yr 9t]e/ 9 a "pn]%ip4 ,= m details ab "pn]%ips1 see ,9t]pret,n ,bullet9 ,,it-#ij1 ,:at is a ,"pn]%ip8 ,report+ "pn]%ip 9come ,a "pn]%ip does n pay 9come tax on xs 9come & does n file an 9come tax return4 ,9/1d1 ea* "pn] files an 9come tax return 6report 8 or h] %>e (! "pn]%ip's net 9come or loss4 ,? require;t rema9s :e!r ! %>e ( 9come 0 rcvd 9 ca% or z a cr$it 6a capital a3.t 9 ! "pn]%ip4 #cd ,"pn]%ip losses d#h ,a "pn]%ip c h a loss4 ,h["e1 apply ! loss c>ry-ov] rules 6ea* "pn] & n 6! "pn]%ip4 ,= example1 :5 y -plete yr [n 9come tax return1 -b9e yr %>e (! "pn]%ip non-capital losses ) any o!r non-capital losses y h 9 ! ye>4 ,apply ? am.t ag/ yr 9come4 ,! loss c>ry-=w>d p]iod = non-capital losses1 =eign tax cr$its & c]ta9 losses ( life 9sur]s1 >is+ 9 tax,n ye>s 5d+ af ,m>* #bb1 #bjjd is #aj ye>s4 ,/>t \tl9e ,! #aj ye> c>ry-=w>d p]iod1 9 respect ( non-capital losses1 f>m losses1 re/rict$ f>m losses & life 9sur]'s ,canadian life 9ve/;t losses 9curr$ & 9ve/;t tax cr$its e>n$ = ,sci5tific ,rese>* & ,exp]i;tal ,develop;t 7,,sr&,,ed71 9 tax,n ye>s t 5d af #bjje1 is ext5d$ 6#bj ye>s4 ,5d \tl9e #ce ,"pn]%ips t h 6file a e#h "pn]%ip 9=m,n return ,a "pn]%ip ) six or m "pn]s at any "t 9 ! fiscal p]iod has 6file a "pn]%ip 9=m,n return4 ,if a "pn]%ip has five "pn]s or less "?\t ! :ole fiscal p]iod & "o or m ( xs "pn]s is ano!r "pn]%ip1 x al has 6file a "pn]%ip 9=m,n return4 ,"! >e o!r situ,ns ": y h 6file a "pn]%ip 9=m,n return4 ,= m 9=m,n1 see ! ,t#djfh1 ,guide =! ,"pn]%ip ,9=m,n ,return4 ,if y >e a "pn] (a "pn]%ip t has 6file a "pn]%ip 9=m,n return1 y %d get two copies (a ,t#ejac slip1 ,/ate;t ( ,"pn]%ip ,9come1 f ! "pn]%ip4 ,if y d n rcv ? =m1 3tact ! p]son :o prep>es ! =ms =! "pn]%ip4 ,on yr 9come tax return1 report ! gross "pn]%ip 9come & yr %>e (! net "pn]%ip 9come or loss4 ,y w get ^! am.ts f yr ,t#ejac slip4 ,atta* a copy ( yr ,t#ejac slip 6yr 9come tax return4 ,d n atta* ! "pn]%ip's 9come & exp5se /ate;t4 #cf ,*apt] #a f#h ,y may ne$ 6adju/ yr %>e (! net "pn]%ip 9come or loss %[n on yr ,t#ejac slip4 ,d ? 6deduct any busi;s exp5ses y 9cur = : ! "pn]%ip did n repay y &= any o!r deducti# am.ts4 ,if ? is yr situ,n1 r1d 8,l9e #iidc--,o!r am.ts deducti# f yr %>e ( net "pn]%ip 9come 7loss70 on page #be4 ,y may al h exp5ses relat$ to --------------------------------------#i ! busi;s use ( yr home4 ,= m 9=m,n1 see l9e #iide on page #be4 ,! ,t#djfh1 ,guide =! ,"pn]%ip ,9=m,n ,return has m details ab ! "pn]%ip 9=m,n return4 ,"pn]%ips t d n h 6file a "pn]%ip 9=m,n return ,g5],y1 "pn]%ips t h five "pn]s or less "?\t ! :ole fiscal p]iod1 & t h no "pn] :o is ano!r "pn]%ip1 d n h 6file a "pn]%ip 9=m,n return4 ,= m 9=m,n1 see ! ,t#djfh1 ,guide =! ,"pn]%ip ,9=m,n ,return4 #cg ,*apt] #a a#i ,if y >e a "pn] (a "pn]%ip t does n h 6file a "pn]%ip 9=m,n return1 calculate ! "pn]%ip's 9come & exp5ses us+ ! same rules y wd use =a proprietor%ip4 ,calculate ! "pn]%ip's 9come & exp5ses z if ! "pn]%ip 0 a sep>ate p]son4 ,"s rules = capital co/ all[.e & eligi# capital exp5ditures on "pn]%ip-[n$ prop]ty >e di6]5t4 ,capital co/ all[.e 7,,cca7 ,a "pn]%ip c [n deprecia# prop]ty & claim ,,cca on x4 ,z an 9dividual "pn]1 y _c claim ,,cca on prop]ty ! "pn]%ip [ns4 ,f ! capital co/ ( deprecia# prop]ty1 subtract any 9ve/;t tax cr$it allocat$ 6! 9dividual "pn]s4 ,we 3sid] ? alloc,n 6be made at ! 5d (! "pn]%ip's fiscal p]iod4 ,y al reduce capital co/ 0any type ( gov]n;t assi/.e4 ,box #he ( yr ,=m ,t#ejac w %[ ! am.t ( capital co/ all[.e ! "pn]%ip claim$ on yr #ch ,*apt] #a b#i 2half4 ,? am.t has alr be5 deduct$ f ! ,busi;s 9come 9 box #ce or ! ,profes.nal 9come 9 box #cg4 ,d .n deduct ? am.t ag4 ,see ,*apt] #d = m details ab ,,cca &! adju/;ts 6capital co/4 ,any taxa# capital ga9 or recapture f ! sale ( prop]ty ! "pn]%ip [ns is 9clud$ 9 ! 9come (! "pn]%ip4 ,al1 any all[a# capital or t]m9al loss f ! sale ( "pn]%ip-[n$ prop]ty is ! loss (! "pn]%ip4 ,= m details ab capital ga9s & losses1 z well z recapture & t]m9al losses1 see ,*apt] #d4 ,eligi# capital exp5ditures ,a "pn]%ip c [n eligi# capital prop]ty & deduct an annual all[.e4 ,any 9come f ! sale ( eligi# capital prop]ty ! "pn]%ip [ns is 9come (! "pn]%ip4 ,= m details ab eligi# capital exp5ditures1 see ,*apt] #e4 #ci ,limit$ "pn]%ip c#i ,a limit$ "pn]%ip is a "pn]%ip t gives xs limit$ "pn]s responsibilities t >e simil> 6^? giv5 6%>ehold]s (a corpor,n4 ,a limit$ "pn]'s liabil;y z a "pn] (! "pn]%ip is limit$1 z oppos$ 6t (a g5]al "pn] :o has unlimit$ liabil;y4 ,gds & s]vices tax/h>moniz$ sales tax 7,,gst/,,hst7 rebate ,if y >e a "pn] (a "pn]%ip & y claim exp5ses on yr 9come tax return1 y may 2 a# 6get a rebate = any ,,gst/,,hst y pd on ! exp5ses4 ,! rebate is availa# 6y z l;g z y meet .bo? ^! 3di;ns3 --y >e a "pn] (a ,,gst/,,hst regi/]$ "pn]%ip2 & --on yr 9come tax return1 y deduct exp5ses 9curr$ 6e>n "pn]%ip 9come = : ! "pn]%ip did n repay y4 ,we base ! rebate on ! am.t (! exp5ses subject 6,,gst/,,hst t y deduct on #dj ,*apt] #a d#i yr 9come tax return4 ,examples ( exp5ses subject 6,,gst/,,hst >e vehicle co/s1 m1ls1 & 5t]ta9;t4 ,y c al get a ,,gst/,,hst rebate = capital co/ all[.e 7,,cca7 y claim on c]ta9 types ( prop]ty 7e4g41 if y claim ,,cca =a vehicle y b"\ 6e>n "pn]%ip 9come1 & y pd ,,gst/,,hst :5 y b"\ ! vehicle74 ,use ! *>t 8,o!r am.ts deducti# f yr %>e ( net "pn]%ip 9come 7loss70 on page #b ( ,=m ,t#babd or ,=m ,t#bjcb 6claim exp5ses = : ! "pn]%ip did n reimburse y & any o!r deducti# am.ts4 ,= m 9=m,n1 see page #be4 ,= m details ab ! ,,gst/,,hst rebate1 see ,guide ,,rc#djia1 ,,gst/,,hst ,rebate = ,"pn]s1 : 9cludes ,=m ,,gst#cgj1 ,employee & ,"pn] ,,gst/,,hst ,rebate ,applic,n4 #da ,9ve/;t tax cr$it e#i ,! 9ve/;t tax cr$it 7,,itc7 lets y subtract1 f ! taxes y [e1 "p (! co/ ( "s types ( prop]ty y acquir$ or exp5ditures y 9curr$4 ,y may 2 a# 6claim ? tax cr$it 9 #bjjf if y b"\ qualify+ prop]ty1 9curr$ qualifi$ exp5ditures1 or 7 allocat$ ren\nc$ ,canadian explor,n exp5ses4 ,y may al 2 a# 6claim ! cr$it if y h unus$ ,,itc's f ye>s 2f #bjjf4 ,= m details ab ,,itc's1 see ,=m ,t#bjch7,,ind71 ,9ve/;t ,tax ,cr$it 7,9dividuals74 ,/>t \tl9e ,appr5tice%ip ,job ,cre,n ,tax ,cr$it 7,,ajctc7--propos$ legisl,n ,if y employ$ an eligi# appr5tice 9 yr busi;s1 y miy & wages pd 6! #db ,*apt] #a f#i appr5tice af ,may #a1 #bjjf 7maximum 4#b1jjj p] ye>74 ,! am.t (! cr$it is a4$ 6! 9ve/;t tax cr$it & is availa# 6reduce f$]al taxes paya# =! tax,n ye>4 ,unus$ am.ts c 2 c>ri$ back #c ye>s & =w>d$ #bj ye>s4 ,! ,,ajctc is report$ on ,=m ,t#bjch7,,ind74 ,= m 9=m,n ab ,,itc's1 see ,=m ,t#bjch7,,ind71 ,9ve/;t ,tax ,cr$it 7,9dividuals74 ,5d \tl9e #dc #dd ,*apt] #b--,9come ,f ,busi;s #aj or ,profes.n ,sole proprietor%ips ,if y >e a sole proprietor1 -plete all ! applica# >1s & l9es on ,=m ,t#babd1 ,/ate;t ( ,busi;s ,activities1 or ,=m ,t#bjcb1 ,/ate;t ( ,profes.nal ,activities4 ,"pn]%ips ,! details ( yr busi;s or profes.nal activities t y h 6give u dep5d on ! type ( yr "pn]%ip4 ,if y >e a "pn] (a "pn]%ip t .has 6file a "pn]%ip 9=m,n return1 -plete ,=m ,t#babd or ,=m ,t#bjcb z foll[s3 --,complete ! 8,id5tific,n0 >ea4 --,5t] ! am.t ( 9come %[n 9 box #ce ,busi;s 9come or box #cg ,profes.nal 9come ( yr ,t#ejac slip1 ,/ate;t ( ,"pn]%ip ,9come1 on l9e #icfi1 8,net 9come #de ,*apt] #b a#aj 7loss7 2f adju/;ts10 ( ,=m ,t#babd or ,=m ,t#bjcb4 --,complete ! 8,o!r am.ts deducti# f yr %>e ( net "pn]%ip 9come 7loss70 *>t f.d on ! second page ( ei =m 6claim any exp5ses = : ! "pn]%ip did n reimburse y & any o!r deducti# am.ts4 ,al1 -plete ! 8,calcul,n ( busi;s-use-(-home exp5ses0 *>t if applica#4 ,= m 9=m,n1 see page #bf4 --,5t] yr %>e (! net 9come or loss f ! busi;s on l9e #iidf1 8,yr net 9come 7loss740 ,if y did n make any adju/;ts 6! am.t 9 box #ce or box #cg ( yr ,t#ejac slip1 ! am.t y 5t] on l9e #iidf w 2 ! same z ! am.t y 5t]$ on l9e #icfi4 ,if y >e a "pn] (a "pn]%ip t .does .n h 6file a "pn]%ip 9=m,n return1 -plete ,=m ,t#babd or ,=m ,t#bjcb z foll[s3 --,complete ! 8,id5tific,n0 >ea4 --,calculate ! busi;s 9come = all "pn]s4 #df ,*apt] #b b#aj --,calculate ! busi;s "p ( exp5ses = all "pn]s4 --,complete ! 8,o!r am.ts deducti# f yr %>e ( net "pn]%ip 9come 7loss70 *>t 6claim any exp5ses = : ! "pn]%ip did n reimburse y & any o!r deducti# am.ts4 ,al1 -plete ! 8,calcul,n ( busi;s-use-(-home exp5ses0 *>t if applica#4 ,= m 9=m,n1 see page #bf4 --,complete ! 8,details ( o!r "pn]s0 *>t4 ,6see if yr "pn]%ip has 6file a "pn]%ip 9=m,n return1 r1d 8,:at is a "pn]%ip80 on page #h4 ,we expla9 h[ 6-plete ea* (! l9es on ,=m ,t#babd & ,=m ,t#bjcb lat] 9 ? *apt]1 z well z 9 ,*apt] #c on page #ad4 8,id5tific,n0 >ea on ,=m ,t#babd & ,=m ,t#bjcb ,-plete all ! l9es t apply 6yr busi;s or profes.nal activities4 #dg ,*apt] #b c#aj ,9dicate ! p]iod yr busi;s ye> cov]$1 : is yr fiscal p]iod4 ,= an explan,n ( fiscal p]iod1 see page #e4 ,5t] ! .9du/ry .code t corresponds 6yr busi;s f ! app5dix on page #df4 ,if m ?an "o code describes yr busi;s1 or if yr busi;s has m ?an "o activ;y1 use ! code t mo/ closely describes yr ma9 busi;s activ;y4 ,= example1 y mie ,=m ,t#babd or ,t#bjcb1 5t] ! "n & a4ress (! p]son or firm t prep>$ x = y4 ,5t] yr #ae-digit ,busi;s ,numb] assign$ 0! ,,cra 9 ! appropriate >ea4 ,if y h a tax %elt]1 5t] ! id5tific,n numb] on ! appropriate l9e4 ,if y >e claim+ a deduc;n or losses = #bjjf1 atta* 6yr 9come tax return any applica# ,t#ejjc1 ,/ate;t ( ,tax ,%elt] ,9=m,n & ,t#ejac;,a1 ,/ate;t ( ,"pn]%ip #dh ,*apt] #b d#aj ,9come = ,tax ,%elt]s & ,ren\nc$ ,res\rce ,exp5ses &a -plet$ ,=m ,t#ejjd1 ,claim ,= ,tax ,%elt] ,loss or ,deduc;n1 ,gift & ,don,n ,tax ,cr$it or ,political ,don,n ,tax ,cr$it4 ,= m 9=m,n on tax %elt]s1 visit \r ,web site at _+www.cra.gc.ca/tax/business/topics/_& taxshelters_: ,if yr busi;s or profes.nal activities >e a "pn]%ip1 id5tify yr p]c5tage (! "pn]%ip & 5t] ! "pn]%ip fil] id5tific,n numb] if applica#4 ,=m ,t#babd1 ,/ate;t ( ,busi;s ,activities ,? sec;n expla9s h[ 6-plete ! 8,9come0 >ea on ,=m ,t#babd4 ,sales1 -mis.ns1 or fees ,yr sales 9clude all sales1 :e!r y rcv or w rcv m"oy1 "s?+ ! same z m"oy 7s* z cr$it units t h a no;nal m"ot>y #di ,*apt] #b e#aj value71 or "s?+ f b>t]+4 ,b>t]+ o3urs :5 two p agree 6ex*ange gds or s]vices )\t us+ m"oy4 ,9t]pret,n ,bullet9 ,,it-#dij1 ,b>t] ,transac;ns1 has m details4 ,if y usu,y deduct gds & s]vices tax/h>moniz$ sales tax 7,,gst/,,hst71 prov9cial sales tax 7,,pst71 or returns & all[.es directly f sales :5 !y take place1 y c %[ yr net sales 7af ,,gst/,,hst1 ,,pst1 & returns & all[.es7 on ! f/ l9e ( ,=m ,t#babd4 ,o!rwise1 %[ ,,gst/,,hst1 ,,pst1 & returns & all[.es sep>ately on ! appropriate l9es (! =m4 ,if y us$ ! qk me?od op;n 6calculate yr ,,gst/,,hst1 reduce ! gross sales 0! qk me?od remitt.e rate4 ,= 9=m,n on ! qk me?od1 see ,guide ,,rc#djeh1 ,qk ,me?od ( ,a3.t+ = ,,gst/,,hst4 -------------------------------------#aa ,if y >e a self-employ$ -mis.n salesp]son1 5t] ! -mis.ns y rcvd on ? l9e4 #ej ,l9e #hjjj--,net sales1 a#aa -mis.ns1 or fees ,5t] yr net sales1 -mis.ns1 & fees af deduct+ any ,,gst/,,hst1 ,,pst1 & any returns1 all[.es1 & 4c.ts1 if ^! h be5 9clud$ 9 yr sales4 ,l9e #hbij--,res]ves deduct$ la/ ye> ,9clude any res]ves y deduct$ = #bjje4 ,= m details1 see 8,all[a# res]ves0 on page #bb4 ,l9e #hbcj--,o!r 9come ,5t] ! total 9come y rcvd f o!r s\rces4 ,"s examples ( o!r 9come y wd report on ? l9e >e3 --a recov]y ( an am.t y wrote (f z a bad debt 9 a previ\s ye>2 --! value ( vac,n trips or o!r prizes aw>d$ 6y 2c ( yr busi;s activities2 #ea ,*apt] #b b#aa --pay;ts = l& y l1s$ = petroleum or natural gas explor,n4 ,= m 9=m,n1 see ,9t]pret,n ,bullet9 ,,it-#bjj1 ,surface ,r5tals & ,f>m+ ,op],ns2 & --grants1 subsidies1 9c5tives1 or assi/.e y get f a gov]n;t1 gov]n;t ag5cy1 or non-gov]n;t ag5cy4 ,= m 9=m,n1 see ,9t]pret,n ,bullet9 ,,it-#bgc1 ,gov]n;t ,assi/.e-- ,g5]al ,-;ts4 ,note ,d n 9clude 9 9come any rebate1 grant1 or assi/.e y rcv1 b subtract t am.t f ! applica# exp5se x relates to4 ,if ! rebate1 grant1 or assi/.e relates 6a deprecia# asset1 subtract ! am.t y rcvd f ! asset's capital co/4 ,? w a6ect ! am.t ( capital co/ all[.e 7,,cca7 y c claim = t asset4 ,see ,*apt] #d = 9=m,n ab ,,cca4 ,if ! asset qualifies =! 9ve/;t tax cr$it1 ? reduc;n 6! capital co/ w al #eb ,*apt] #b c#aa a6ect yr claim =! 9ve/;t tax cr$it4 ,see ,=m ,t#bjch7,,ind71 ,9ve/;t ,tax ,cr$it 7,9dividuals71 = details4 ,if y _c apply ! rebate1 grant1 or assi/.e 6reduce a "picul> exp5se or an asset's capital co/1 9clude ! total on l9e #hbcj1 8,o!r 9come40 ,? am.t m/ 2 9clud$ 9 9come 6! ext5t t x 0 n us$ 6reduce ! co/ (a prop]ty or ! am.t ( an \tlay or exp5se4 ,l9e #hbii--,gross 9come ,5t] yr gross 9come1 : is yr net sales 7l9e #hjjj7 plus any res]ves deduct$ la/ ye>1 & any o!r 9come4 ,calcul,n ( co/ ( gds sold ,-plete ? >ea if yr busi;s buys gds = resale or makes gds = sale4 ,claim ! co/ (! gds y buy or make = sale 9 ! fiscal p]iod 9 : y sell !m4 #ec ,*apt] #b d#aa ,6calculate yr co/ ( gds sold1 y ne$ 6"k ! foll[+3 --! value ( yr 9v5tory at ! />t ( yr fiscal p]iod2 --! value ( yr 9v5tory at ! 5d ( yr fiscal p]iod2 & --! co/ ( yr pur*ases 7net ( 4c.ts7 =! fiscal p]iod4 ,l9e #hcjj--,op5+ 9v5tory & ,l9e #hejj--,clos+ 9v5tory ,5t] yr op5+ & clos+ 9v5tory on ! appropriate l9es4 ,^! am.ts m/ 9clude raw mat]ials1 gds 9 process1 & f9i%$ gds4 ,! way y value yr 9v5tory is important :5 y det]m9e yr 9come4 ,= 9come tax purposes1 we a3ept ! foll[+ two me?ods3 --,value yr 5tire 9v5tory at xs fair m>ket value4 ,use ei ! price y wd pay 6replace an item or ! am.t y wd get if y sold an item4 #ed ,*apt] #b e#aa --,value 9dividual items 9 yr 9v5tory1 at ei _! fair m>ket value or _! co/1 :i*"e is less4 ,co/ is ! price y 9cur = an item4 ,co/ al 9cludes any exp5ses y 9cur 6br+ ! item 6! busi;s loc,n & 6put x 9 a 3di;n s t y c use x 9 ! busi;s4 ,:5 y _c easily tell "o item f ano!r1 y c value ! items z a gr\p4 ,once y h *os5 a me?od = valu+ yr 9v5tory1 y h 6use t me?od 3si/5tly4 ,see page #bg =! m1n+ ( .fair .m>ket .value4 ,if ? is yr f/ ye> ( report+ busi;s 9come1 y c *oose ei me?od 6value yr 9v5tory4 ,9 yr f/ ye> ( busi;s1 y w n h an am.t 65t] on l9e #hcjj4 ,if ? is n yr f/ ye> ( busi;s1 3t9ue 6use ! same me?od y us$ 9 pa/ ye>s4 ,! value ( yr 9v5tory at ! />t (a fiscal p]iod has 6be ! same z ! value ( yr 9v5tory at ! 5d (! prec$+ fiscal p]iod4 ,d an actual /ock c.t at ! 5d ( ea* fiscal p]iod1 un.s y use a #ee ,*apt] #b f#aa p]petual 9v5tory sy/em4 ,"u ? sy/em1 y d p]iodic /ock c.ts & keep a writt5 record ( ea* c.t4 ,rememb] 6keep yr 9v5tory records ) yr o!r records4 ,= m 9=m,n ab valu+ 9v5tory1 see ,9t]pret,n ,bullet9 ,,it-#dgc1 ,9v5tory ,valu,n4 ,busi;ses t >e adv5tures or 3c]ns 9 ! nature ( trade m/ value _! 9v5tory at ! co/ 6! taxpay]4 ,9v5tory value ( an >ti/ic 5d1v\r ,an >ti/ic 5d1v\r o3urs :5 y >e 9 ! busi;s ( cr1t+ pa9t+s1 murals1 orig9al pr9ts1 et*+s1 draw+s1 sculptures1 or simil> "ws ( >t4 ,an >ti/ic 5d1v\r does n 9clude reproduc+ "ws ( >t4 ,:5 y calculate yr 9come f an >ti/ic 5d1v\r1 y c *oose 6value yr clos+ 9v5tory at nil4 ,6d ?1 %[ yr clos+ 9v5tory z 8nil0 on l9e #hejj4 ,yr *oice /ays 9 e6ect = ea* foll[+ ye>1 un.s y reque/ a *ange f ,,cra & we all[ #ef ,*apt] #b #ab ! *ange4 ,? op;n may n 2 us$ if y did n cr1te ! "w ( >t or y >e 9 ! busi;s ( reproduc+ "ws ( >t4 ,= m 9=m,n1 see ,9t]pret,n ,bullet9 ,,it-#ejd1 ,visual ,>ti/s & ,writ]s4 ,gifts ( 9v5tory 0an >ti/ ,if y donate a "w ( >t y cr1t$1 y may n h 6report a pr(it on yr don,n = 9come tax purposes4 ,6b5efit f ? tax tr1t;t1 yr gift m/ fall "u ! def9i;n ( gifts ( c]tifi$ cultural prop]ty4 ,= m 9=m,n ab gifts & don,ns1 see ! pamphlet ,p#aac1 ,gifts & ,9come ,tax4 ,l9e #hcbj--,pur*ases dur+ ! ye> 7net ( returns1 all[.es1 & 4c.ts7 ,! co/ ( gds y buy 6resell or use 9 manufactur+ o!r gds 9cludes co/s s* z deliv]y1 freiges4 #eg ,*apt] #b a#ab ,5t] ! am.t ( yr net pur*ases dur+ ! ye> 7yr total pur*ases1 m9us any 4c.ts y rcvd74 ,"s"ts1 y mi4 ,d ? 2f y 5t] ! am.t (! pur*ases4 ,l9e #hcfj--,subcontracts ,5t] all ! co/s ( hir+ \tside help 6p]=m tasks relat$ 6! gds y sell4 ,l9e #hcdj--,direct wage co/s ,9clude ! remun],n y pd 6employees :o "w directly 9 ! manufacture ( yr gds4 ,d n 9clude3 --9direct wages 7see l9e #ijfj72 --a sal>y pd 6yrf or a "pn] 7see 8,details ( equ;y0 on page #bf72 & --)drawals y may h made f ! busi;s 7see 8,details ( equ;y0 on #eh ,*apt] #b b#ab page #bf74 ,= m 9=m,n on sal>ies & wages1 see l9e #ijfj on page #bj4 ,l9e #heai--,gross pr(it ,5t] yr gross pr(it1 : is yr gross 9come 7l9e #hbii7 m9us yr co/ ( gds sold4 ,=m ,t#bjcb1 ,/ate;t ( ,profes.nal ,activities ,? sec;n expla9s h[ 6-plete ! 8,9come0 >ea on ,=m ,t#bjcb4 ,z m5;n$ 9 ,*apt] #a1 profes.nal activities >e busi;s activities4 ,usu,y1 y calculate yr 9come f profes.nal activities us+ ! same rules z =a busi;s4 ,h["e1 "s aspects ( profes.nal activities >e di6]5t f ^? ( o!r types ( busi;ses4 ,"s ( ^! di6];es >e 4cuss$ 9 ? sec;n4 #ei ,profes.nal fees c#ab ,yr profes.nal 9come 9cludes all fees y rcv = gds or s]vices y provide1 :e!r y rcv or w rcv m"oy1 "s?+ ! same z m"oy 7s* z cr$it units t h a no;nal m"ot>y value71 or "s?+ f b>t]+4 ,b>t]+ o3urs :5 two p agree 6ex*ange gds or s]vices )\t us+ m"oy4 ,= m 9=m,n1 see ,9t]pret,n ,bullet9 ,,it-#dij1 ,b>t] ,transac;ns4 ,z a profes.nal1 g5],y yr 9come 9cludes ! value ( yr "w-in-progress 7,,wip74 ,,wip is gds or s]vices t y h n yet -plet$ at ! 5d ( yr fiscal p]iod4 ,yr profes.nal fees =! curr5t ye> >e ! total (3 --all am.ts y rcv dur+ ! ye> = profes.nal s]vices1 :e!r y provide ! s]vices dur+ ! curr5t ye> or af yr curr5t ye>-5d2 .plus --all am.ts receiva# at ! 5d (! curr5t ye> = profes.nal s]vices y provid$ dur+ ! curr5t ye>2 #fj ,*apt] #b d#ab .m9us --all am.ts receiva# at yr previ\s ye>-5d4 ,note ,if y usu,y deduct ,,gst/,,hst & ,,pst directly f yr profes.nal fees :5 y e>n !m1 y c %[ yr net profes.nal fees 7af ,,gst/,,hst & ,,pst7 on ! f/ l9e ( ,=m ,t#bjcb4 ,o!rwise1 %[ ,,gst/,,hst & ,,pst sep>ately on ! appropriate l9e4 ,if y us$ ! qk me?od op;n 6calculate yr ,,gst/,,hst1 reduce ! gross profes.nal fees 0! qk me?od remitt.e rate4 ,= m 9=m,n on ! qk me?od1 see \r ,guide ,,rc#djeh1 ,qk ,me?od ( ,a3.t+ = ,,gst/,,hst4 ,elec;n 6exclude yr ,,wip ,y c *oose 6exclude yr ,,wip :5 y calculate yr 9come if y >e "o (! foll[+ types ( profes.nals3 #fa ,*apt] #b e#ab --an a3.tant2 --a d5ti/2 --a lawy] 79clud+ a not>y 9 ,quebec72 --a m$ical doctor2 --a *iropractor2 or --a vet]9>ian4 ,if y did n *oose 6exclude yr ,,wip 9 any previ\s ye>1 y c d s 9 #bjjf4 ,y d n ne$ a special =m 6d ?4 ,atta* a lr 6yr 9come tax return tell+ u t y want 6exclude yr ,,wip4 ,y c al use ,=m ,t#bjcb 6exclude yr ,,wip 0do+ ! foll[+3 --,on ! 8,"w-in-progress1 5d (! ye>0 l9e1 write ! am.t y 9clud$ z 8,"w- in-progress1 5d (! ye>0 9 yr profes.nal fees4 -------------------------------------#ac --,on ! 8,"w-in-progress1 />t (! ye>0 l9e1 write ! am.t ( yr ,,wip at ! />t (! ye>1 if y exclud$ x at ! 5d ( la/ ye>4 #fb ,*apt] #b a#ac ,make ? elec;n :5 y file ! orig9al 9come tax return 6: x relates4 ,we w n a3ept an elec;n :5 y file an am5d$ return4 ,= "pn]%ips1 an au?oriz$ "pn] m/ *oose 6exclude ! "pn]%ip's ,,wip on 2half ( all "pn]s4 ,! *oice 6exclude ,,wip /ays 9 e6ect = ea* foll[+ ye>1 un.s y file an applic,n & ,,cra p]mits y 6make ! *ange4 ,= m 9=m,n ab exclud+ ,,wip1 see ,9t]pret,n ,bullet9 ,,it-#deg1 ,elec;n 0,profes.nals 6,exclude ,"w 9 ,progress ,f ,9come4 ,l9e #hjjj--,adju/$ profes.nal fees ,5t] yr profes.nal fees plus yr ,,wip =! />t (! ye> if y exclud$ x at ! 5d ( la/ ye>1 m9us any ,,gst & ,,pst1 or ,,hst 9clud$ 9 yr fees1 & yr ,,wip at ! 5d (! ye> if y elect 6exclude x4 #fc ,l9e #hbij--,res]ves b#ac deduct$ la/ ye> ,9clude 9 yr #bjjf 9come any res]ves y deduct$ = #bjje4 ,= m details1 see 8,all[a# res]ves0 on page #bb4 ,l9e #hbcj--,o!r 9come ,5t] ! total 9come y rcvd f o!r s\rces4 ,"s examples ( o!r 9come y wd report on ? l9e >e3 --a recov]y ( an am.t y wrote (f z a bad debt 9 a previ\s ye>2 --! value ( vac,n trips or o!r prizes aw>d$ 6y 2c ( yr profes.nal activities2 & --grants1 subsidies1 9c5tives1 or assi/.e y get f a gov]n;t1 gov]n;t ag5cy1 or non-gov]n;t ag5cy4 ,= m 9=m,n1 see ,9t]pret,n ,bullet9 ,,it-#bgc1 ,gov]n;t ,assi/.e-- ,g5]al ,-;ts1 & r1d ! 8,note0 on page #aa ( ? guide4 #fd ,l9e #hbii--,gross 9come c#ac ,5t] yr gross 9come4 ,? am.t 9cludes yr adju/$ profes.nal fees 7l9e #hjjj7 plus any res]ves deduct$ la/ ye> 7l9e #hbij71 & any o!r 9come 7l9e #hbcj74 ,! foll[+ example summ>izes ? *apt]4 ,s9ce ! rules = calculat+ busi;s & profes.nal 9come >e simil>1 \r example focuses on a busi;s4 ,example ,ca?y is ! sole proprietor (a fa%ion b\tique t has a ,decemb] #ca fiscal ye>-5d4 ,%e r5ts ! premises ": ! /ore is locat$4 ,ca?y 5t]$ ! foll[+ 9 h] sales j\rnals = #bjjf3 ,total sales 7exclud+ ,,pst & ,,gst1 or ,,hst7 4#ahi1jjj ,return$ items """"""""""""""" 4#a1jjj ,9v5tory at ! />t ( #bjjf """ 4#cf1ejj ,9v5tory at ! 5d ( #bjjf """" 4#cj1jjj #fe ,*apt] #b d#ac ,pur*ases 79clud+ freimoniz$ sales tax 7,,gst/,,hst7 & prov9cial sales tax 7if 9clud$ 9 sales abv7 """"""" 4#---- --,returns1 all[.es1 & 4c.ts 7if 9clud$ 9 sales abv7 """"""" 4#a1jjj #ff ,*apt] #b e#ac 7b7 ..,total (! abv two .l9es """""""""" 4#a1jjj 4#a1jjj 7#hjjj7 ..,net sales1 -mis.ns1 or .fees 7l9e ;a .m9us l9e ;b7 """""""""""""" 4#ahh1jjj 7#hbij7 ,res]ves deduct$ la/ ye> """"""""""""""" 4#---- 7#hbcj7 ,o!r 9come """""""""""""" 4#---- 7#hbii7 & 7c7 .,gross .9come 7total (! abv ?ree l9es7--,5t] on ! appropriate l9e ( yr 9come tax return """"""""""""""""""""" 4#ahh1jjj ,calcul,n ( co/ ( gds sold 75t] busi;s "p only7 7#hcjj7 ,op5+ 9v5tory 79clude raw mat]ials1 #fg ,*apt] #b f#ac gds 9 process1 & f9i%$ gds7 """""" 4#cf1ejj 7#hcbj7 ,pur*ases dur+ ! ye> 7net ( returns1 all[.es1 & 4c.ts7 """""""""""" 4#hh1jjj 7#hcfj7 ,sub- 3tracts """""""""""" 4#---- 7#hcdj7 ,direct wage co/s """""""""" 4#---- 7#hdej7 ,o!r co/s """" 4#---- ..,total (! abv five .l9es """"""" 4#abd1ejj 7#hejj7 .,m9us-- ,clos+ 9v5tory 79clude raw mat]ials1 gds 9 process1 & f9i%$ gds7 """""""" 4#cj1jjj 7#heah7 & 7d7 ..,co/ ( gds .sold """"""""""""" 4#id1ejj 4#id1ejj #fh ,*apt] #b g#ac 7#heai7 & 7e7 .,gross .pr(it 7l9e ;c .m9us l9e ;d7 """"""""""""""""""""" 4#ic1ejj #fi h#ac #gj ,*apt] #c--,exp5ses #ad ,? *apt] 4cusses ! m -mon exp5ses y 9cur 6e>n 9come f yr busi;s 79clud+ self-employ$ -mis.n sales7 or profes.nal activities4 ,9cur m1ns t y pd or w h 6pay ! exp5se4 ,z a rule1 y c deduct any r1sona# curr5t exp5se y 9cur 6e>n busi;s 9come4 ,! exp5ses y c deduct 9clude any ,,gst/,,hst y 9cur on ^! exp5ses4 ,h["e1 s9ce y _c deduct p]sonal exp5ses1 5t] only ! busi;s "p ( exp5ses on ! =m4 ,9 a4i;n1 y _c claim exp5ses y 9cur 6buy capital prop]ty4 ,curr5t or capital exp5ses8 ,r5ov,ns & exp5ses t ext5d ! use;l life ( yr prop]ty or improve x 2y xs orig9al 3di;n >e usu,y capital exp5ses4 ,h["e1 an 9cr1se 9 a prop]ty's m>ket value 2c ( an exp5se is n a major factor 9 decid+ :e!r ! exp5se is capital or curr5t4 ,6decide :e!r an am.t is a #ga ,*apt] #c a#ad curr5t exp5se or a capital exp5se1 3sid] yr answ]s 6! "qs on ! foll[+ *>t4 ,transcrib]'s note3 7,! foll[+ is set up 9 ?ree columns3 ,column #a3 ,crit]ia ,column #b3 ,capital exp5ses ,column #c3 ,curr5t exp5ses7 ,crit]ia3 ,does ! exp5se provide a la/+ b5efit8 ,capital exp5ses3 ,a capital exp5se g5],y gives a la/+ b5efit or advantage4 ,= example1 ! co/ ( putt+ v9yl sid+ on ! ext]ior walls (a wood5 h\se is a capital exp5se4 ,curr5t exp5ses3 ,a curr5t exp5se is "o t usu,y recurs af a %ort p]iod4 ,= example1 ! co/ ( pa9t+ ! ext]ior (a wood5 h\se is a curr5t exp5se4 #gb ,*apt] #c b#ad ,crit]ia3 ,does ! exp5se ma9ta9 or improve ! prop]ty8 ,capital exp5ses3 ,! co/ (a repair t improves a prop]ty 2y xs orig9al 3di;n is probably a capital exp5se4 ,if y replace wood5 /eps ) 3crete /eps1 ! co/ is a capital exp5se4 ,curr5t exp5ses3 ,an exp5se t simply re/ores a prop]ty 6xs orig9al 3di;n is usu,y a curr5t exp5se4 ,= example1 ! co/ ( repair+ wood5 /eps is a curr5t exp5se4 ,crit]ia3 ,is ! exp5se =a "p (a prop]ty or =a sep>ate asset8 ,capital exp5ses3 ,! co/ ( replac+ a sep>ate asset )9 t prop]ty is a capital exp5se4 ,= example1 ! co/ ( buy+ a -pressor = use 9 yr busi;s op],n is a capital exp5se4 ,? is ! case 2c a -pressor is a sep>ate asset & is n a "p (! build+4 ,curr5t exp5ses3 ,! co/ ( repair+ a prop]ty 0replac+ "o ( xs "ps is #gc ,*apt] #c c#ad usu,y a curr5t exp5se4 ,= 9/.e1 electrical wir+ is "p (a build+4 ,"!=e1 an am.t y sp5d 6rewire is usu,y a curr5t exp5se1 z l;g z ! rewir+ does n improve ! prop]ty 2y xs orig9al 3di;n4 ,crit]ia3 ,:at is ! value (! exp5se8 7,use ? te/ only if y _c det]m9e :e!r an exp5se is capital or curr5t 03sid]+ ! ?ree previ\s te/s47 ,capital exp5ses3 ,-p>e ! co/ (! exp5se 6! value (! prop]ty4 ,g5],y1 if ! co/ is ( 3sid]a# value 9 rel,n 6! prop]ty1 x is a capital exp5se4 ,curr5t exp5ses3 ,? te/ is n a det]m9+ factor 0xf4 ,y mige am.t ( m"oy = ma9t5.e & repairs 6yr prop]ty all at once4 ,if ? co/ 0 = ord9>y ma9t5.e t 0 n d"o :5 x 0 nec1 x is a ma9t5.e exp5se1 & y deduct x z a curr5t exp5se4 #gd ,*apt] #c d#ad ,crit]ia3 ,is ! exp5se = repairs 6us$ prop]ty t y acquir$ 6put x 9 suita# 3di;n = use8 ,capital exp5ses3 ,! co/ ( repair+ us$ prop]ty t y acquir$ 6put x 9 a suita# 3di;n = use 9 yr busi;s is 3sid]$ a capital exp5se ev5 ?\< 9 o!r circum/.es x wd 2 tr1t$ z a curr5t op]at+ exp5se4 ,curr5t exp5ses3 ,": ! repairs 7 = ord9>y ma9t5.e (a prop]ty t y alr _h 9 yr busi;s1 ! exp5se is usu,y curr5t4 ,crit]ia3 ,is ! exp5se = repairs made 6an asset 9 ord] 6sell x8 ,capital exp5ses3 ,! co/ ( repairs made 9 anticip,n (! sale (a prop]ty or z a 3di;n ( sale is reg>d$ z a capital exp5se4 ,curr5t exp5ses3 ,": ! repairs wd h be5 made anyway1 b a sale 0 negotiat$ dur+ ! c\rse (! repairs or af _! -ple;n1 ! co/ is reg>d$ z curr5t4 #ge ,*apt] #c e#ad ,= m 9=m,n1 see ,*apt] #d ( ? guide & ,9t]pret,n ,bullet9 ,,it-#abh1 ,capital ,co/ ,all[.e--,deprecia# ,prop]ty4 ,note ,:5 y claim ! ,,gst/,,hst y pd on yr busi;s exp5ses z an 9put tax cr$it1 reduce ! am.ts (! busi;s exp5ses y %[ on ,=m ,t#babd or ,=m ,t#bjcb 0! am.t (! 9put tax cr$it4 ,d ? :5 ! ,,gst/,,hst = : y >e claim+ ! 9put tax cr$it 0 pd or 2came paya#4 ,simil>ly1 subtract any o!r rebate1 grant1 or assi/.e f ! exp5se 6: x applies4 ,5t] ! net figure on ! prop] l9e4 ,any s* assi/.e y claim =! pur*ase ( deprecia# prop]ty us$ 9 yr busi;s w a6ect yr claim = capital co/ all[.e4 ,if y _c apply ! rebate1 grant1 or assi/.e y rcvd 6reduce a "picul> exp5se1 or 6reduce an asset's capital co/1 9clude ! total on l9e #hbcj1 8,o!r 9come10 on ,=m ,t#babd or ,=m ,t#bjcb4 ,see #gf ,*apt] #c f#ad 8,grants1 subsidies1 or o!r 9c5tives or 9duce;ts0 on page #cd4 -------------------------------------#ae ..,5t] busi;s "p .only m1ns t any (! foll[+ >e n 9clud$ z "p ( yr exp5ses3 --sal>y or wages 79clud+ draw+s7 pd 6self1 "pn]7s71 or bo?2 --co/ ( salea# gds or s]vices t y1 yr family1 or yr "pn]s & _! families us$ 79clud+ items s* z food1 home ma9t5.e1 or busi;s prop]ties72 --don,ns 6*>ities & political 3tribu;ns2 --9t]e/ & p5alties y pd on yr 9come tax2 --life 9sur.e premiums2 --! "p ( any exp5ses t c 2 attribut$ 6non-busi;s use ( busi;s prop]ty2 & --mo/ f9es & p5alties impos$ af ,m>* #bb1 #bjjd "u ! law ( ,canada or a prov9ce or a =eign c.try4 #gg ,prepd exp5ses a#ae ,a prepd exp5se is an exp5se y pay = ah1d ( "t4 ,"u ! a3rual me?od ( a3.t+1 claim any exp5se y prepay 9 ! ye> or ye>s 9 : y get ! relat$ b5efit4 ,= example1 suppose yr fiscal ye>-5d is ,decemb] #ca1 #bjjf4 ,on ,june #cj1 #bjjf1 y prepay ! r5t on yr /ore =a full ye> 7,july #a1 #bjjf1 6,june #cj1 #bjjg74 ,y c only deduct "o-half ( ? r5t z an exp5se 9 #bjjf4 ,y deduct ! o!r half z an exp5se 9 #bjjg4 ,= m 9=m,n1 see ,9t]pret,n ,bullet9 ,,it-#dag1 ,prepd ,exp5ses & ,def]r$ ,*>ges4 ,l9e #heba--,adv]tis+ ,y c deduct exp5ses = adv]tis+1 9clud+ ads 9 ,canadian newspap]s & on ,canadian televi.n & radio /,ns4 ,y c al 9clude on ? l9e any am.t y pd z a f9d]'s fee4 ,c]ta9 re/ric;ns apply 6! am.t (! exp5se y c deduct = adv]tis+ 9 a #gh ,*apt] #c b#ae p]iodical4 ,y c deduct all ! exp5se if yr adv]tis+ is direct$ 6a ,canadian m>ket &! orig9al $itorial 3t5t 9 ! issue is #hj@3p or m (! total non-adv]tis+ 3t5t 9 ! issue4 ,y c deduct #ej@3p (! exp5se if yr adv]tis+ 9 a p]iodical is direct$ 6a ,canadian m>ket &! orig9al $itorial 3t5t 9 ! issue is less ?an #hj@3p (! total non-adv]tis+ 3t5t 9 ! issue4 ,al1 y _c deduct exp5ses = adv]tis+ direct$ ma9ly 6a ,canadian m>ket :5 y adv]tise )a =eign broadca/]4 ,l9e #heij--,bad debts ,y c deduct an am.t =a bad debt if3 --y _h det]m9$ t an a3.t receiva# is a bad debt 9 ! ye>2 & --y _h alr 9clud$ ! receiva# 9 9come4 ,= m 9=m,n1 see ,9t]pret,n ,bullet9 ,,it-#ddb1 ,bad ,debts & ,res]ves = ,d\bt;l ,debts4 #gi ,l9e #hgfj--,busi;s tax1 c#ae fees1 lic;es1 dues1 memb]%ips1 & subscrip;ns ,y c deduct any annual lic;e fees & busi;s taxes y 9cur 6run yr busi;s4 ,y c al deduct annual dues or fees 6keep yr memb]%ip 9 a trade or -m]cial associ,n4 ,y _c deduct club memb]%ip dues 79clud+ 9iti,n fees7 if ! ma9 purpose (! club is d9+1 recre,n1 or sport+ activities4 ,l9e #ibge--,deliv]y1 frei t relates 6yr busi;s4 ,l9e #ibbd--,fuel co/s ,y c deduct ! co/ ( fuel 79clud+ gasol9e1 diesel1 & propane71 motor oil1 & lubricants us$ 9 yr busi;s4 ,= 9=m,n ab claim+ ! fuel us$ 9 yr motor #hj ,*apt] #c d#ae vehicle1 see 8,l9e #ibha--,motor vehicle exp5ses0 on page #ag4 ,! co/ ( fuel relat$ 6busi;s use ( "w space 9 yr home has 6be claim$ on l9e #iide1 8,busi;s- use-(-home exp5ses40 ,= m 9=m,n1 see page #be4 ,l9e #hfij--,9sur.e ,y c deduct all ord9>y -m]cial 9sur.e premiums y 9cur on any build+s1 ma*9]y1 & equip;t y use 9 yr busi;s4 ,= m 9=m,n ab claim+ yr motor vehicle 9sur.e co/s1 see 8,l9e #ibha--,motor vehicle exp5ses0 on page #ag4 ,! 9sur.e co/s relat$ 6busi;s use ( "w space 9 yr home h 6be claim$ on l9e #iide1 8,busi;s-use-(-home exp5ses40 ,= m 9=m,n1 see page #be4 ,9 mo/ cases1 y _c deduct yr life 9sur.e premiums4 #ha ,l9e #hgaj--,9t]e/ e#ae ,y c deduct ! 9t]e/ y 9cur on m"oy y borr[ 6run yr busi;s4 ,h["e1 "s limits c apply4 ,"! is a limit on ! 9t]e/ y c deduct on m"oy y borr[ 6buy a pass5g] vehicle4 ,see 8,l9e #ibha--,motor vehicle exp5ses0 on page #ag4 ,"! is al a limit on ! am.t ( 9t]e/ y c deduct = vacant l&4 ,usu,y1 y c only deduct 9t]e/ up 6! am.t ( 9come t rema9s af y deduct all o!r exp5ses4 ,y _c use any rema9+ am.ts ( 9t]e/ 6cr1te or 9cr1se a loss4 ,al1 y _c deduct 9t]e/ f o!r s\rces ( 9come4 ,y c deduct ! fee y pay 6reduce ! 9t]e/ rate on yr loan4 ,y c al deduct any p5alty or bonus a f9ancial 9/itu;n *>ges y 6pay (f yr loan 2f x is due4 ,tr1t ! fee1 p5alty1 or bonus z prepd 9t]e/ 7see 8,prepd exp5ses0 on ? page7 & deduct x ov] ! rema9+ orig9al t]m ( yr loan4 ,= example1 if ! t]m ( yr loan is #hb ,*apt] #c f#ae five ye>s & 9 ! ?ird ye> y pay a fee 6reduce yr 9t]e/ rate1 tr1t ? fee z a -------------------------------------#af prepd exp5se & deduct x ov] ! rema9+ t]m (! loan4 ,y c deduct c]ta9 fees y 9cur :5 y get a loan 6buy or improve yr busi;s prop]ty4 ,^! fees 9clude3 --applic,n1 appraisal1 process+1 & 9sur.e fees2 --loan gu>antee fees2 --loan brok]age & f9d]'s fees2 & --legal fees relat$ 6f9anc+4 ,y deduct ^! fees ov] a p]iod ( five ye>s4 ,deduct #bj@3p 9 #bjjf & #bj@3p 9 ea* (! f\r foll[+ ye>s4 ,! #bj@3p limit is reduc$ propor;n,y = fiscal p]iods ( less ?an #ab mon?s4 ,h["e1 if y repay ! loan 2f ! 5d (! five-ye> p]iod1 y c deduct ! rema9+ f9anc+ fees !n4 ,! numb] ( ye>s = : y c deduct ^! fees is n relat$ 6! t]m ( yr loan4 #hc ,*apt] #c a#af ,if y 9cur /&by *>ges1 gu>antee fees1 s]vice fees1 or any o!r simil> fees1 y may 2 a# 6deduct !m 9 full =! ye> y 9cur !m4 ,6d s1 !y h 6relate only 6t ye>4 ,= m 9=m,n1 see ,9t]pret,n ,bullet9 ,,it-#cda1 ,exp5ses ( ,issu+ or ,sell+ ,%>es1 ,units 9 a ,tru/1 ,9t]e/s 9 a ,"pn]%ip or ,syndicate1 & ,exp5ses ( ,borr[+ ,m"oy4 ,y may 2 a# 6deduct 9t]e/ exp5ses =a prop]ty t y us$ = busi;s purposes1 ev5 if y h /opp$ us+ ! prop]ty = s* purposes 2c y >e no l;g] 9 busi;s4 ,y c deduct 9t]e/ y pd on a loan made ag/ an 9sur.e policy1 z l;g z ! 9sur] did n add ! 9t]e/ y pd 6! adju/$ co/ base (! 9sur.e policy4 ,6claim ! 9t]e/ y pd = #bjjf1 h ! 9sur] v]ify ! 9t]e/ 2f ,june #af1 #bjjg1 on ,=m ,t#bbaj1 ,v]ific,n ( ,policy ,loan ,9t]e/ 0! ,9sur]4 ,y c *oose 6capitalize 9t]e/ on m"oy y borr[3 #hd ,*apt] #c b#af --6buy deprecia# prop]ty2 --6buy a res\rce prop]ty2 or --= explor,n & develop;t4 ,:5 y *oose 6capitalize 9t]e/1 add ! 9t]e/ 6! co/ (! prop]ty or explor,n & develop;t co/s 9/1d ( deduct+ ! 9t]e/ z an exp5se4 ,! 9t]e/ relat$ 6busi;s use ( "w space 9 yr home has 6be claim$ on l9e #iide1 8,busi;s-use-(-home exp5ses40 ,= m 9=m,n1 see page #be4 ,l9e #hifj--,ma9t5.e & repairs ,y c deduct ! co/ ( lab\r & mat]ials = any m9or repairs or ma9t5.e d"o 6prop]ty y use 6e>n 9come4 ,h["e1 y _c deduct ! value ( yr [n lab\r4 ,y _c deduct co/s y 9cur = repairs t >e capital 9 nature4 ,h["e1 y may 2 a# 6claim capital co/ all[.e 7,,cca74 ,= m 9=m,n ab ,,cca1 see ,*apt] #d4 ,! ma9t5.e & repairs relat$ 6busi;s use ( "w space 9 yr home h 6be #he ,*apt] #c c#af claim$ on l9e #iide1 8,busi;s-use-(-home exp5ses40 ,= m 9=m,n1 see page #be4 ,l9e #hhga--,manage;t & adm9i/r,n fees ,y c deduct manage;t & adm9i/r,n fees 9curr$ 6op]ate yr busi;s1 9clud+ bank *>ges4 ,d n 9clude on ? l9e employee's sal>ies1 prop]ty taxes1 or r5ts pd4 ,y c claim ^! am.ts else": on ! appropriate =m4 ,l9e #hebc--,m1ls & 5t]ta9;t ,! maximum "p y c claim = food1 b"eages1 & 5t]ta9;t exp5ses is #ej@3p ( ei ! am.t y 9cur or an am.t t is r1sona# 9 ! circum/.es1 :i*"e is less4 ,^! limits al apply 6! co/ ( yr m1ls :5 y travel or g 6a 3v5;n1 3f];e1 or simil> ev5t4 ,h["e1 special rules c a6ect yr claim = m1ls 9 ^! cases4 ,= m details1 see 8,l9e #ibjj--,travel0 #hf ,*apt] #c d#af on page #ba & 8,3v5;n exp5ses0 on page #bb4 ,^! limits d n apply if3 --,yr busi;s regul>ly provides food1 b"eages1 or 5t]ta9;t 6cu/om]s = -p5s,n 7= example1 a re/aurant1 hotel1 or motel74 --,y bill yr cli5t or cu/om] =! m1l & 5t]ta9;t co/s1 & y %[ ^! co/s on ! bill4 --,y 9clude ! am.t (! m1l & 5t]ta9;t exp5ses 9 an employee's 9come or wd 9clude !m if ! employee did n "w at a remote or special "w loc,n4 ,9 a4i;n1 ! am.t is n pd or paya# 9 respect (a 3f];e1 3v5;n1 sem9>1 or simil> ev5t4 ,! special "w loc,n m/ 2 at l1/ #cj kilometres f ! close/ urban c5tre t has a popul,n ( #dj1jjj or m p4 --,y 9cur m1l & 5t]ta9;t exp5ses 6provide a ,*ri/mas "py or simil> ev5t1 & y 9vite all yr employees f #hg ,*apt] #c e#af a "picul> loc,n4 ,h["e1 y >e limit$ 6six ( ^! ev5ts ea* ye>4 --,! m1l & 5t]ta9;t exp5ses y 9cur >e =a fund-rais+ ev5t t 0 ma9ly =! b5efit (a regi/]$ *>;y4 --,y provide m1ls 6an employee h\s$ at a tempor>y "w camp 3/ruct$ or 9/all$ specific,y =! purpose ( provid+ m1ls & a3ommod,n 6employees "w+ at a 3/ruc;n site4 ,9 a4i;n1 ! employee _c 2 expect$ 6return home daily4 ,5t]ta9;t exp5ses 9clude tickets & 5tr.e fees 6an 5t]ta9;t or sport+ ev5t1 gratuities1 cov] *>ges1 & room r5tals s* z = hospital;y suites4 ,= m 9=m,n1 see ,9t]pret,n ,bullet9 ,,it-#eah1 ,food1 ,b"eages1 & ,5t]ta9;t ,exp5ses4 #hh ,l9e #ibha--,motor vehicle #ag exp5ses ,y c deduct exp5ses y 9cur 6run a motor vehicle y use 6e>n busi;s 9come4 ,-plete 8,*>t ;,a--,motor vehicle exp5ses0 on page #d ( ,=m ,t#babd or ,=m ,t#bjcb 6help y calculate ! am.t ( motor vehicle exp5ses y c deduct4 ,if y >e a "pn] 9 a "pn]%ip & y 9cur p]sonal motor vehicle exp5ses =! busi;s1 ^? exp5ses m/ 2 claim$ on l9e #iidc1 8,o!r am.ts deducti# f yr %>e ( net "pn]%ip 9come 7loss710 on ,=m ,t#babd or ,=m ,t#bjcb4 ,= m 9=m,n1 see page #be4 ,keep+ records ,y c deduct motor vehicle exp5ses only :5 !y >e r1sona# & y h receipts 6support !m4 ,6get ! full b5efit ( yr claim = ea* vehicle1 keep a record (! total kilometres y drive &! kilometres y drive 6e>n busi;s 9come4 ,= ea* busi;s trip1 li/ ! date1 de/9,n1 purpose1 & #hi ,*apt] #c a#ag numb] ( kilometres y drive4 ,record ! odomet] r1d+ ( ea* vehicle at ! />t & 5d (! fiscal p]iod4 ,if y *ange motor vehicles dur+ ! fiscal p]iod1 record ! dates (! *anges &! odomet] r1d+ at ! "t y buy1 sell1 or trade ! vehicle4 ,:at type ( vehicle d y [n8 ,! k9d ( vehicle y [n c a6ect ! exp5ses y deduct4 ,= 9come tax purposes1 "! >e ?ree types ( vehicles3 --motor vehicles2 --automobiles2 & --pass5g] vehicles4 ,if y [n or l1se a pass5g] vehicle1 "! c 2 a limit on ! am.ts y c deduct = capital co/ all[.e 7,,cca71 9t]e/1 & l1s+ co/s4 ,we expla9 ! ,,cca limits on page #cb1 ! 9t]e/ limits on page #ai1 &! l1s+ co/s al on page #ai4 #ij ,*apt] #c b#ag ,motor vehicle--,? is an automotive vehicle design$ or adapt$ = use on hiily 6c>ry p on hily m>k$ police & fire em]g5cy response vehicles2 --a motor vehicle y b"\ 6use m ?an #ej@3p z a taxi1 a bus us$ 9 ! busi;s ( transport+ pass5g]s1 or a he>se 9 a fun]al busi;s2 --a motor vehicle y b"\ 6sell1 r5t1 or l1se 9 a motor vehicle sales1 r5tal1 or l1s+ busi;s2 --a motor vehicle 7except a he>se7 y b"\ 6use 9 a fun]al busi;s 6transport pass5g]s2 #ia ,*apt] #c c#ag --a van1 pick-up truck1 or simil> vehicle t s1ts no m ?an ! driv] & two pass5g]s :1 9 ! tax ye> y b"\ or l1s$1 0 us$ m ?an #ej@3p 6transport gds & equip;t 6e>n 9come2 --a van1 pick-up truck1 or simil> vehicle t1 9 ! tax ye> y b"\ or l1s$1 0 us$ #ij@3p or m 6transport gds1 equip;t1 or pass5g]s 6e>n 9come2 --a pick-up truck t1 9 ! tax ye> y b"\ or l1s$1 0 us$ m ?an #ej@3p 6transport gds1 equip;t1 or pass5g]s :ile e>n+ or produc+ 9come at a remote "w loc,n or at a special "w site t is at l1/ #cj kilometres f ! ne>e/ -mun;y hav+ a popul,n ( at l1/ #dj1jjj p]sons2 & --a cle>ly m>k$ ,em]g5cy ,m$ical ,s]vice vehicle us$ 6c>ry p>am$ics & _! em]g5cy m$ical equip;t4 ,pass5g] vehicle--,? is an automobile y b"\ af ,june #ag1 #aihg4 ,a #ib ,*apt] #c d#ag pass5g] vehicle is al an automobile t y l1s$ "u an agree;t y 5t]$ 9to1 ext5d$1 or renew$ af ,june #ag1 #aihg4 ,mo/ c>s1 /,n wagons1 vans1 & "s pick- up trucks >e pass5g] vehicles4 ,!y >e subject 6! limits = ,,cca1 9t]e/1 & l1s+4 ,6help y det]m9e :at type ( vehicle y h1 see ! *>t on page #ah4 ,! *>t does n cov] e situ,n1 b x gives "s (! ma9 def9i;ns4 ,! *>t is =a vehicle y buy or l1se af ,june #ag1 #aihg1 & use 6e>n busi;s 9come4 ,deducti# exp5ses ,! types ( exp5ses y c claim on l9e #ibha 9clude3 --lic;e & regi/r,n fees2 --fuel co/s2 --9sur.e2 --9t]e/ on m"oy borr[$ 6buy a motor vehicle2 #ic ,*apt] #c e#ag --ma9t5.e & repairs2 & --l1s+ co/s4 ,y c al claim ,,cca1 b y 5t] ? am.t on l9e #iicf4 ,= 9=m,n ab ,,cca1 see ,*apt] #d4 ,busi;s use (a motor vehicle ,if y use a motor vehicle = busi;s & p]sonal use1 y c deduct only ! "p (! exp5ses t y pd 6e>n 9come4 ,h["e1 y c deduct ! full am.t ( p>k+ fees relat$ 6yr busi;s activities & supple;t>y busi;s 9sur.e = yr motor vehicle4 ,6support ! am.t y c deduct1 keep a record (! total kilometres y drive &! kilometres y drive 6e>n 9come4 -------------------------------------#ah ,example ,paul [ns a h>dw>e /ore t has a ,decemb] #ca ye>-5d4 ,he has a van t he uses =! busi;s4 ,paul not$ ! foll[+ = #bjjf3 #id ,*apt] #c a#ah ,kilometres driv5 6e>n busi;s 9come """"""""""""""" #bg1jjj ,total kilometres driv5 """""" #cj1jjj ,exp5ses3 ,lic;e & regi/r,n fees """"""""" 4#ajj ,gas & oil """"""""""""""""""" 4#b1djj ,9sur.e """""""""""""""""""""" 4#a1ijj ,9t]e/ """"""""""""""""""""""""" 4#hjj ,ma9t5.e & repairs """"""""""""" 4#bjj ,total exp5ses =! van """""""" 4#e1djj ,paul calculates ! exp5ses he c deduct = 8 van = #bjjf z foll[s3 #bg1jjj 7busi;s kilometres7 divid$ 0#cj1jjj 7total kilometres7 multipli$ 04#e1djj equals 4#d1hfj ,! deducti# .busi;s "p ( ,paul's van exp5ses is 4#d1hfj4 ,he al has busi;s p>k+ fees ( 4#dj &a supple;t>y busi;s #ie ,*apt] #c b#ah 9sur.e co/ ( 4#ajj4 ,he c claim 4#e1jjj on l9e #ibha ( ,=m ,t#babd4 ,jo9t [n]%ip ,if y & ano!r p]son [n or l1se a pass5g] vehicle1 ! limits on capital co/ all[.e1 9t]e/1 & l1s+ / apply4 ,z a jo9t [n]1 ! total am.t y & any o!r [n]s deduct _c 2 m ?an ! am.t t "o p]son [n+ or l1s+ ! vehicle cd deduct4 ,m ?an "o vehicle ,if y use m ?an "o motor vehicle = yr busi;s1 keep a sep>ate record = ea* vehicle t %[s ! total & busi;s kilometres y drive1 &! co/ 6run & ma9ta9 ea* vehicle4 ,calculate ea* vehicle's exp5ses sep>ately4 ,= m 9=m,n1 see ,9t]pret,n ,bullet9 ,,it-#eba1 ,motor ,vehicle ,exp5ses ,claim$ 0,self-,employ$ ,9dividuals4 #if ,vehicle def9i;ns c#ah ,transcrib]'s note3 7,! foll[+ ta# is set up 9 f\r columns3 ,column #a3 ,type ( vehicle ,column #b3 ,s1t+ 79cludes driv]7 ,column #c3 ,busi;s use 9 ye> b"\ or l1s$ ,column #d3 ,vehicle def9i;n7 ,type ( vehicle3 ,c\pe1 s$an1 /,n-wagon1 sports c>1 or luxury c> ,s1t+ 79cludes driv]73 #a 6#i ,busi;s use 9 ye> b"\ or l1s$3 #a@3p 6#ajj@3p ,vehicle def9i;n3 pass5g] ,type ( vehicle3 ,pickup truck us$ 6transport gds or equip;t ,s1t+ 79cludes driv]73 #a 6#c ,busi;s use 9 ye> b"\ or l1s$3 m ?an #ej@3p ,vehicle def9i;n3 motor #ig ,*apt] #c d#ah ,type ( vehicle3 ,pickup truck 7o!r ?an abv7 99 ,s1t+ 79cludes driv]73 #a 6#c ,busi;s use 9 ye> b"\ or l1s$3 #a@3p 6#ajj@3p ,vehicle def9i;n3 pass5g] ,type ( vehicle3 ,pickup truck ) ext5d$ cab us$ 6transport gds1 equip;t1 or pass5g]s ,s1t+ 79cludes driv]73 #d 6#i ,busi;s use 9 ye> b"\ or l1s$3 #ij@3p or m ,vehicle def9i;n3 motor ,type ( vehicle3 ,pickup truck ) ext5d$ cab 7o!r ?an abv7 99 ,s1t+ 79cludes driv]73 #d 6#i ,busi;s use 9 ye> b"\ or l1s$3 #a@3p 6#ajj@3p ,vehicle def9i;n3 pass5g] #ih ,*apt] #c e#ah ,type ( vehicle3 ,sport util;y us$ 6transport gds1 equip;t1 or pass5g]s ,s1t+ 79cludes driv]73 #d 6#i ,busi;s use 9 ye> b"\ or l1s$3 #ij@3p or m ,vehicle def9i;n3 motor ,type ( vehicle3 ,sport util;y 7o!r ?an abv7 ,s1t+ 79cludes driv]73 #d 6#i ,busi;s use 9 ye> b"\ or l1s$3 #a@3p 6#ajj@3p ,vehicle def9i;n3 pass5g] ,type ( vehicle3 ,van or m9ivan us$ 6transport gds or equip;t ,s1t+ 79cludes driv]73 #a 6#c ,busi;s use 9 ye> b"\ or l1s$3 m ?an #ej@3p ,vehicle def9i;n3 motor #ii ,*apt] #c f#ah ,type ( vehicle3 ,van or m9ivan 7o!r ?an abv7 ,s1t+ 79cludes driv]73 #a 6#c ,busi;s use 9 ye> b"\ or l1s$3 #a@3p 6#ajj@3p ,vehicle def9i;n3 pass5g] ,type ( vehicle3 ,van or m9ivan us$ 6transport gds1 equip;t1 or pass5g]s ,s1t+ 79cludes driv]73 #d 6#i ,busi;s use 9 ye> b"\ or l1s$3 #ij@3p or m ,vehicle def9i;n3 motor ,type ( vehicle3 ,van or m9ivan 7o!r ?an abv7 ,s1t+ 79cludes driv]73 #d 6#i ,busi;s use 9 ye> b"\ or l1s$3 #a@3p 6#ajj@3p ,vehicle def9i;n3 pass5g] 99 ,a vehicle 9 ? category t is us$ m ?an #ej@3p 6transport gds1 equip;t1 or pass5g]s :ile e>n+ or produc+ #ajj ,*apt] #c g#ah 9come at a remote "w loc,n or at a special "w site t is at l1/ #cj kilometres f ! ne>e/ -mun;y hav+ a popul,n ( #dj1jjj p]sons is 3sid]$ a .motor .vehicle4 -------------------------------------#ai ,9t]e/ ,y c deduct 9t]e/ on m"oy y borr[ 6buy a motor vehicle1 automobile1 or pass5g] vehicle y use 6e>n 9come4 ,9clude ! 9t]e/ z an exp5se :5 y calculate yr all[a# motor vehicle exp5ses4 ,:5 y use a pass5g] vehicle 6e>n 9come1 "! is a limit on ! am.t ( 9t]e/ y c deduct4 ,-plete 8,*>t ;,b--,availa# 9t]e/ exp5se = pass5g] vehicles0 on page #d ( ,=m ,t#babd or ,=m ,t#bjcb 6calculate ! am.t ( 9t]e/ y c deduct4 ,example ,on ,may #a1 #bjjf1 ,julie b"\ a c> t %e uses 6e>n busi;s 9come4 ,julie's fiscal ye> 5ds on ,decemb] #ca4 #aja ,*apt] #c a#ai ,! c> is a pass5g] vehicle4 ,julie borr[$ m"oy 6buy h] c>1 &! 9t]e/ paya# 9 #bjjf 0 4#a1ejj4 ,h] availa# 9t]e/ exp5se is :i*"e is less3 --! total 9t]e/ paya# 9 #bjjf1 : is 4#a1ejj2 or --4#aj multipli$ 0#bde "ds equals 4#b1dej4 ,julie c claim an 9t]e/ exp5se ( 4#a1ejj4 ,%e al record$ ! foll[+ 9=m,n = #bjjf3 ,kilometres driv5 6e>n busi;s 9come """"""""""""""" #be1jjj ,total kilometres driv5 """""" #cj1jjj ,exp5ses3 ,gasol9e & oil """"""""""""""" 4#a1ccj ,9t]e/ exp5se """""""""""""""" 4#a1ejj ,9sur.e """""""""""""""""""""""" 4#gej ,lic;e & regi/r,n fees """""""""" 4#gj #ajb ,*apt] #c b#ai ,repairs & ma9t5.e """"""""""""" 4#ajj ,total c> exp5ses """""""""""" 4#c1gej ,julie calculates ! exp5ses %e c deduct = h] c> = #bjjf z foll[s3 #be1jjj 7busi;s kilometres7 divid$ 0#cj1jjj 7total kilometres7 multipli$ 04#c1gej equals 4#c1abe ,l1s+ co/s =a ,pass5g] ,vehicle ,y c deduct am.ts y 9cur 6l1se a motor vehicle y use 6e>n 9come4 ,9clude ^! am.ts on l9e #ibha4 ,:5 y use a pass5g] vehicle 6e>n 9come1 "! is a limit on ! am.t (! l1s+ co/s y c deduct4 ,6calculate yr eligi# l1s+ co/s1 -plete 8,*>t ;,c--,eligi# l1s+ co/s = pass5g] vehicles0 on page #d ( ,=m ,t#babd or ,=m ,t#bjcb4 ,! l1se agree;t = yr pass5g] vehicle may 9clude items s* z 9sur.e1 #ajc ,*apt] #c c#ai ma9t5.e1 & taxes4 ,9 ? case1 9clude !m z "p (! l1se *>ges on l9e #a :5 y -plete ,*>t ;,c4 ,note ,g5],y1 l1ses 9clude taxes 7,,gst & ,,pst1 or ,,hst71 b n items s* z 9sur.e & ma9t5.e4 ,y h 6pay ^! am.ts sep>ately4 ,9clude ! taxes on l9e #a :5 y -plete ,*>t ;,c1 & li/ ! items s* z 9sur.e & ma9t5.e on ! appropriate l9es ( 8,*>t ;,a--,motor vehicle exp5ses40 ,/>t \tl9e ,e6ective ,july #a1 #bjjf1 ! ,,gst rate 0 reduc$ f #g@3p 6#f@3p1 &! ,,hst rate f #ae@3p 6#ad@3p4 ,! rate t y %d use 6-plete 8,*>t ;,c-- ,eligi# l1s+ co/s = pass5g] vehicles0 on page #d ( ,=m ,t#babd or ,=m ,t#bjcb is ! rate t 0 9 e6ect at ! 2g9n+ ( ea* l1se 9t]val4 ,! ,,gst rate = any l1se 9t]val #ajd ,*apt] #c d#ai 2g9n+ 2f ,july #a1 #bjjf1 w 2 #g@3p &! ,,hst rate w 2 #ae@3p4 ,! ,,gst rate = any l1se 9t]val 2g9n+ af ,june #cj1 #bjjf1 w 2 #f@3p &! ,,hst rate w 2 #ad@3p4 ,if y 7 mak+ mon?ly l1se pay;ts1 ea* l1se 9t]val wd 2 a mon?4 ,6calculate yr eligi# l1s+ co/s1 use ! foll[+ guidel9es3 --,if y 5t]$ 96yr l1se agree;t 2f ,janu>y #a1 #bjjf & x did n t]m9ate dur+ #bjjf1 use a ,,gst rate ( #f.e@3p or ,,hst rate ( #ad.e@3p 6-plete ,*>t ;,c4 --,if y 5t]$ 96yr l1se agree;t af ,june #cj1 #bjjf1 use a ,,gst rate ( #f@3p or ,,hst rate ( #ad@3p 6-plete ,*>t ;,c4 --,if ei (! foll[+ two 3di;ns applies1 y w ne$ 6-plete ,*>t ;,c twice1 "o =! "p ( #bjjf 6: a ,,gst rate ( #g@3p applies & "o =! "p ( #bjjf 6: a ,,gst rate ( #f@3p applies3 #aje ,*apt] #c e#ai a7 ,y 5t]$ 96a l1se agree;t af ,decemb] #ca1 #bjje & 2f ,july #a1 #bjjf & x did n t]m9ate1 or b7 ,y 5t]$ 96a l1se agree;t 2f ,july #a1 #bjjf & x t]m9at$ af ,june #cj1 #bjjf & 2f #bjjg4 ,a4i;nal examples c 2 f.d on page #ag ( ,guide ,t#djdd1 ,employ;t ,exp5ses4 ,5d \tl9e ,! foll[+ example w %[ y h[ 6calculate yr eligi# l1s+ co/s4 ,use ,*>t ;,c on page #d ( ,=m ,t#babd 6help y -plete ! foll[+ example4 ,example ,m1d[ [ns a toy /ore4 ,h] busi;s has a ,decemb] #ca fiscal ye>-5d4 ,on ,july #a1 #bjjf1 %e />t$ l1s+ a c> t is a pass5g] vehicle4 ,! ,,pst rate = h] prov9ce is #h@3p & ,,gst is #f@3p4 ,m1d[ 5t]$ ! foll[+ = #bjjf3 #ajf ,*apt] #c f#ai ,mon?ly l1se pay;t """"""""""""" 4#ejj ,l1se pay;ts = #bjjf """"""""" 4#c1jjj ,manufactur]'s su7e/$ li/ price """"""""""""""""""""" 4#cc1jjj ,numb] ( "ds 9 #bjjf %e l1s$ ! c> """""""""""""""""""""""""" #ahd ,,gst & ,,pst on 4#cj1jjj """" 4#d1bjj ,,gst & ,,pst on 4#ce1bid """" 4#d1ida ,,gst & ,,pst on 4#hjj """"""""" 4#aab 7#a7 ,total l1se *>ges 9curr$ 9 ,m1d['s #bjjf fiscal p]iod =! vehicle """" 4#c1jjj 7#b7 ,total l1se pay;ts deduct$ 9 fiscal p]iods 2f #bjjf =! vehicle """"""""""""""" 4#j 7#c7 ,total numb] ( "ds ! vehicle 0 l1s$ 9 #bjjf & previ\s fiscal p]iods """"""""" #ahd 7#d7 ,manufactur]'s li/ price """"""""""""""""""""" 4#cc1jjj 7#e7 ,! am.t on l9e #d or 74#ce1bid plus 4#d1ida71 #ajg ,*apt] #c g#ai :i*"e is m 74#dj1bce "ts #he@3p7 """"""""""""""""""" 4#cd1bjj 7#f7 74#iab "ts #ahd7 divid$ 0#cj """"""""""""""""""""""" 4#e1eid 7#g7 74#cd1bjj "ts 4#c1jjj7 divid$ 04#cd1bjj """"""""""" 4#c1jjj -------------------------------------#bj ,m1d['s eligi# l1s+ co/ is ei l9e #f or #g :i*"e am.t is less4 ,9 ? case1 h] all[a# claim is 4#c1jjj4 ,repay;ts & imput$ 9t]e/ ,:5 y l1se a pass5g] vehicle1 y may h a repay;t [+ 6y1 or y may h imput$ 9t]e/4 ,if ? is yr situ,n1 y w n 2 a# 6use ! *>t4 ,imput$ 9t]e/ is 9t]e/ t wd 2 [+ 6y if 9t]e/ 7 pd on m"oy deposit$ 6l1se a pass5g] vehicle4 ,y calculate imput$ 9t]e/ = l1s+ co/s on a pass5g] vehicle only if .all ! foll[+ apply3 --"o or m deposits 7 made =! l1s$ pass5g] vehicle2 #ajh ,*apt] #c a#bj --! deposit is1 or ! deposits >e1 refunda#2 & --! total (! deposits is m ?an 4#a1jjj4 ,= m 9=m,n1 see ,9t]pret,n ,bullet9 ,,it-#eba1 ,motor ,vehicle ,exp5ses ,claim$ 0,self-,employ$ ,9dividuals4 ,l9e #hhaj--,(fice exp5ses ,y c deduct ! co/ ( (fice exp5ses4 ,^! 9clude small items s* z p5s1 p5cils1 pap] clips1 /,n]y1 & /amps4 ,(fice exp5ses d n 9clude items s* z calculators1 fil+ cab9ets1 *airs1 & desks4 ,^! >e capital items4 ,= m 9=m,n1 see ,*apt] #d4 ,l9e #hhaa--,supplies ,y c deduct ! co/ ( items 3sum$ 9directly 6provide ! busi;s's gds or s]vices 7e4g41 drugs & m$ic,n us$ 9 a #aji ,*apt] #c b#bj vet]9>y op],n1 or scripts requir$ = an actor 6portray a role74 ,l9e #hhfj--,legal1 a3.t+1 & o!r profes.nal fees ,deduct ! fees y 9curr$ = ext]nal profes.nal advice or s]vices1 9clud+ 3sult+ fees4 ,y c deduct a3.t+ & legal fees y 9cur 6get advice & help 9 keep+ yr records4 ,y c al deduct fees y 9cur = prep>+ & fil+ yr 9come tax & ,,gst/,,hst returns4 ,y c deduct a3.t+ or legal fees y pd 6h an objec;n or app1l prep>$ ag/ an assess;t = 9come tax1 ,canada ,p5.n ,plan or ,quebec ,p5.n ,plan 3tribu;ns1 or ,employ;t ,9sur.e premiums4 ,h["e1 ! full am.t ( ^! deducti# fees m/ f/ 2 reduc$ 0any reimburse;t ( ^! fees t y h rcvd4 ,5t] ! di6];e on l9e #bcb ( yr 9come tax return4 ,if y rcvd a reimburse;t 9 #bjjf =! types ( fees t y deduct$ 9 a previ\s ye>1 report ! #aaj ,*apt] #c c#bj am.t y rcvd on l9e #acj ( yr #bjjf 9come tax return4 ,y _c deduct legal & o!r fees y 9cur 6buy a capital prop]ty4 ,9/1d1 add ^! fees 6! co/ (! prop]ty4 ,= m details ab capital prop]ty1 see ,*apt] #d4 ,= m details1 see ,9t]pret,n ,bullet9 ,,it-#ii1 ,legal & ,a3.t+ ,fees4 ,l9e #iahj--,prop]ty taxes ,y c deduct prop]ty taxes y 9curr$ = prop]ty us$ 9 yr busi;s4 ,= example1 y c deduct prop]ty taxes =! l& & build+ ": yr busi;s is situat$4 ,! prop]ty tax relat$ 6busi;s use ( "w space 9 yr home has 6be claim$ on l9e #iide1 8,busi;s- use-(-home exp5ses40 ,= m 9=m,n1 see page #be4 ,l9e #hiaj--,r5t ,y c deduct r5t 9curr$ = prop]ty us$ 9 yr busi;s4 ,= example1 y c deduct #aaa ,*apt] #c d#bj r5t =! l& & build+ ": yr busi;s is situat$4 ,! r5t exp5se relat$ 6busi;s use ( "w space 9 yr home has 6be claim$ on l9e #iide1 8,busi;s-use-(-home exp5ses40 ,= m 9=m,n1 see page #be4 ,l9e #ijfj--,sal>ies1 wages1 & b5efits ,y c deduct gross sal>ies & o!r b5efits y pay 6employees4 ,d n 9clude on ? l9e sal>ies & wages describ$ on l9e #hcdj1 8,direct wage co/s10 or l9e #hcfj1 8,subcontracts10 or sal>ies & draw+s (! [n]7s7 (! busi;s4 ,sal>ies or draw+s pd or paya# 6y or yr "pn]s >e n deducti#4 ,= m 9=m,n1 see 8,details ( equ;y0 on page #bf4 ,! ,canada ,p5.n ,plan 7,,cpp7 is = all "w]s1 9clud+ ! self-employ$4 ,employ]s1 employees & mo/ self-employ$ m/ 3tribute 6! ,canada ,p5.n ,plan fund4 ,! ,,cpp c provide basic b5efits :5 y retire or if y 2come 4a#d4 ,:5 y #aab ,*apt] #c e#bj die1 ! ,plan c provide b5efits 6yr surviv+ sp\se/-mon-law "pn] & dep5d5t *n "u #be4 ,= m 9=m,n on 3tribu;n & b5efits1 visit ! ,de"p;t ( ,human ,res\rces & ,social ,develop;t ,canada ,web site at _+www.hrsdc.gc.ca_: ,quebec "w]s 9clud+ ! self-employ$ >e cov]$ "u ! ,quebec ,p5.n ,plan 7,,qpp74 ,z ! employ]1 y c deduct yr "p ( ,canada ,p5.n ,plan or ,quebec ,p5.n ,plan 3tribu;ns1 ,employ;t ,9sur.e premiums1 prov9cial p>5tal 9sur.e plan premiums 7a new 9come replace;t plan = resid5ts ( ,quebec--see ,rev5u ,qu@ebec = details17 & "w]s' -p5s,n am.ts paya# on employees' remun],n4 ,y c al deduct any premiums y pay = an employee =a sick;s1 an a3id5t1 a 4abil;y1 or an 9come 9sur.e plan4 ,y c deduct ! sal>y y pay 6yr *1 z l;g z y meet .all ^! 3di;ns3 --y pay ! sal>y2 #aac ,*apt] #c f#bj --! "w yr * does is nec = e>n+ busi;s or profes.nal 9come2 & --! sal>y is r1sona# :5 y 3sid] yr *'s age1 &! am.t y pay is :at y wd pay "s"o else4 ,keep docu;ts 6support ! sal>y y pay yr *4 ,if y pay yr * 0*eque1 keep ! c.ell$ *eque4 ,if y pay ca%1 h ! * sign a receipt4 -------------------------------------#ba ,9/1d ( ca%1 y may pay yr * )a product f yr busi;s4 ,:5 y d ?1 claim ! value (! product z an exp5se & add 6yr gross sales an am.t equal 6! value (! product4 ,yr * has 69clude ! value (! product 9 8 or h] 9come4 ,y c al deduct ! sal>y y pay 6yr sp\se or -mon-law "pn]4 ,:5 y pay yr sp\se or -mon-law "pn] a sal>y1 use ! same rules t apply 6pay+ yr *4 ,report ! sal>ies y pay 6yr *n & sp\se or -mon-law "pn] on ,t#d slips1 ! same z y wd = o!r employees4 ,h["e1 y _c claim z an exp5se ! value ( bo>d & #aad ,*apt] #c a#ba lodg+ y give 6yr dep5d5t *n & sp\se or -mon-law "pn]4 ,l9e #ibjj--,travel ,y c deduct travel exp5ses y 9cur 6e>n busi;s & profes.nal 9come4 ,travel exp5ses 9clude public transport,n f>es1 hotel a3ommod,ns1 & m1ls4 ,9 mo/ cases1 ! #ej@3p limit applies 6! co/ ( m1ls1 b"eages1 & 5t]ta9;t :5 y travel4 ,we 4cuss ? limit 9 8,l9e #hebc --,m1ls & 5t]ta9;t0 on page #af4 ,! #ej@3p limit al applies 6! co/ ( food & b"eages s]v$ & 5t]ta9;t 5joy$ :5 y travel on an airplane1 tra91 or bus :5 ! ticket price does n 9clude s* am.ts4 ,l9e #ibbj--,teleph"o & utilities ,y c deduct exp5ses = teleph"o & utilities1 s* z gas1 oil1 electric;y1 & wat]1 if y 9curr$ ! exp5ses 6e>n #aae ,*apt] #c b#ba 9come4 ,! exp5ses = utilities t >e relat$ 6busi;s use ( "w space 9 yr home h 6be claim$ on l9e #iide1 8,busi;s-use- (-home exp5ses40 ,= m 9=m,n1 see page #be4 ,l9e #ibgj--,o!r exp5ses ,"! >e exp5ses y c 9cur 6e>n 9come1 o!r ?an ^? li/$ on ,=m ,t#babd & ,=m ,t#bjcb4 ,we cov] "s ( !m 9 ! foll[+ sec;ns4 ,5t]1 on ? l9e1 ! total ( o!r exp5ses y 9curr$ 6e>n 9come1 z l;g z y did n 9clude !m on a previ\s l9e4 ,y d n h 6li/ ^! exp5ses on ! =m4 ,4abil;y-relat$ modific,ns ,y c deduct \tlays & exp5ses y 9cur = eligi# 4abil;y-relat$ modific,ns made 6a build+ 9 ! ye> y pd !m1 9/1d ( hav+ 6add !m 6! capital co/ ( yr build+4 ,eligi# #aaf ,*apt] #c c#ba 4abil;y-relat$ modific,ns 9clude *anges y make 6a3ommodate :eel*airs1 s* z3 --9/all+ h&-activat$ p[] door op5]s2 --9/all+ 9t]ior & ext]ior ramps2 & --modify+ a ba?room1 elevator1 or doorway4 ,y c al deduct exp5ses pd 69/all or get ! foll[+ 4abil;y-relat$ devices & equip;t3 --elevator c>-posi;n 9dicators 7s* z brl panels & audio 9dicators72 --visual fire-al>m 9dicators2 --teleph"o devices 6help p :o >e h>d ( he>+2 & --li/5+ devices = gr\p meet+s4 ,9 a4i;n1 y may 2 a# 6deduct exp5ses = 4abil;y specific -put] s(tw>e & h>dw>e atta*;ts4 ,-put] & o!r equip;t l1s+ co/s ,if y l1se -put]s1 cellul> teleph"os1 fax ma*9es1 & o!r equip;t1 y c deduct ! p]c5tage (! l1se co/s t r1sonably #aag ,*apt] #c d#ba relates 6e>n+ yr busi;s 9come4 ,y c al deduct ! p]c5tage ( air "t exp5ses =a cellul> teleph"o t r1sonably relates 6e>n+ yr busi;s 9come4 ,if y buy a -put]1 cellul> teleph"o1 fax ma*9e1 or o!r s* equip;t1 y _c deduct ! co/4 ,y c deduct capital co/ all[.e & 9t]e/ y pd on m"oy y borr[$ 6buy ? equip;t t r1sonably relates 6e>n+ yr busi;s 9come4 ,= m 9=m,n on capital co/ all[.e1 see ,*apt] #d4 ,l1s+ co/s ,deduct ! l1se pay;ts y 9curr$ 9 ! ye> = prop]ty us$ 9 yr busi;s4 ,if y l1se a pass5g] vehicle1 see 8,l9e #ibha--,motor vehicle exp5ses0 on page #ag4 ,if y 5t]$ 96a l1se agree;t af ,april #bf1 #aihi1 y c *oose 6tr1t yr l1se pay;ts z -b9$ pay;ts ( pr9cipal & 9t]e/4 ,h["e1 y &! p]son y >e l1s+ f h 6agree 6tr1t ! pay;ts ? way4 ,9 ? case1 we 3sid] t y3 #aah ,*apt] #c e#ba --b"\ ! prop]ty r ?an l1s$ x2 & --borr[$ an am.t equal 6! fair m>ket value 7,,fmv7 (! l1s$ prop]ty4 ,y c deduct ! 9t]e/ "p (! pay;t z an exp5se4 ,y c al claim capital co/ all[.e on ! prop]ty4 ,y c make ? *oice z l;g z ! prop]ty qualifies &! total ,,fmv ( all ! prop]ty subject 6! l1se is m ?an 4#be1jjj4 ,di7+ equip;t t y l1se ) an ,,fmv ( 4#ce1jjj is prop]ty t qualifies4 ,h["e1 (fice furniture & automobiles (t5 d n qualify4 ,6tr1t yr l1se ? way1 file ."o ( ^! =ms ) yr 9come tax return =! ye> y make ! l1se agree;t3 --,=m ,t#bade1 ,elec;n 9 ,respect (! ,l1s+ ( ,prop]ty2 or --,=m ,t#badf1 ,elec;n 9 ,respect ( ,assign$ ,l1ses or ,subl1s$ ,prop]ty4 #aai ,3v5;n exp5ses #bb ,y c deduct ! co/ ( go+ 6a maximum ( two 3v5;ns a ye>4 ,! 3v5;ns h to3 --relate 6yr busi;s or profes.nal activ;y2 & --be held 0a busi;s or profes.nal organiz,n )9 ! geographical limits ( ": ! sponsor (! 3v5;n usu,y does busi;s4 ,? second limit may n apply if an organiz,n f ano!r c.try sponsors ! 3v5;n &! 3v5;n relates 6yr busi;s or profes.nal activ;y4 ,"s"ts1 3v5;n fees 9clude ! co/ ( food1 b"eages1 or 5t]ta9;t4 ,h["e1 ! 3v5;n organiz] may n %[ ^! am.ts sep>ately on yr bill4 ,= ea* "d ! organiz] provides food1 b"eages1 or 5t]ta9;t1 subtract 4#ej f ! total 3v5;n fee4 ,y c deduct ? daily 4#ej am.t z a m1l & 5t]ta9;t exp5se4 ,h["e1 ! #ej@3p limit applies 6! daily 4#ej am.t4 ,we 4cuss ! #abj ,*apt] #c a#bb #ej@3p limit on 8,l9e #hebc--,m1ls & 5t]ta9;t0 on page #af4 ,example ,ca?y att5d$ a two-"d 3v5;n 9 ,may #bjjf t co/ h] 4#fjj4 ,! organiz] did n 9dicate :at "p (! 4#fjj fee 0 = food & 5t]ta9;t4 ,h] 3v5;n exp5se is 4#ejj ,74#fjj m9us 74#ej multipli$ 0#b77'4 ,ca?y cd al claim a m1l & 5t]ta9;t exp5se ( 4#ej 74#ej multipli$ 0#b multipli$ 0#ej@3p74 ,food1 b"eages1 or 5t]ta9;t at a 3v5;n d n 9clude 9cid5tal items s* z c(fee & d\y ( ,res]ves on ,4posi;ns ( ,capital ,prop]ty2 & --,t#djaa1 ,prep>+ ,returns = ,dec1s$ ,p]sons guide4 ,private h1l? s]vices plan 7,,phsp7 ,y c deduct premiums pd or paya# 6a private h1l? s]vice plan 7,,phsp7 if y meet ! foll[+ 3di;ns3 #abb ,*apt] #c c#bb --yr .net .9come f self-employ;t 7exclud+ losses & ,,phsp deduc;ns7 =! curr5t or previ\s ye> is m ?an #ej@3p ( yr .total .9come1 99 or --yr ..9come f s\rces o!r ?an .self- employ;t 9999 is 4#aj1jjj or less =! curr5t or previ\s ye>2 --y >e actively 5gag$ 9 yr busi;s on a regul> & 3t9u\s basis1 9dividu,y or z a "pn]2 & --! premiums >e pd or paya# 69sure yrf1 yr sp\se or -mon-law "pn]1 or any memb] ( yr h\sehold4 99 ,=! purpose ( ? claim1 calculate yr .total .9come z foll[s3 --! am.t f l9e #aej ( yr #bjje or #bjjf 9come tax return1 :i*"e applies1 2f y deduct any am.ts = ,,phsp's2 .m9us --! am.ts y 5t]$ on l9es #bjg1 #bab1 #bag1 #bba1 #bbi1 #bca1 & #bcb on yr #bjje or #bjjf 9come tax return1 :i*"e applies4 #abc ,*apt] #c d#bb 9999 ,=! purpose ( ? claim1 calculate yr ..9come f s\rces o!r ?an .self- employ;t z foll[s3 --! am.t f l9e #aej ( yr #bjje or #bjjf 9come tax return1 :i*"e applies1 2f y deduct any am.ts = ,,phsp's2 .m9us --! am.ts y 5t]$ on l9es #ace1 #acg1 #aci1 #ada1 #adc 7exclud+ busi;s losses : reduc$ ! net am.t report$ on ^? l9es71 #bjg1 #bab1 #bag1 #bba1 #bbi1 #bca1 & #bcb on yr #bjje or #bjjf 9come tax return1 :i*"e applies4 ,y _c claim a deduc;n = ,,phsp premiums if ano!r p]son deduct$ ! am.t1 or if y or any"o else claim$ ! premiums z a m$ical exp5se4 ,= yr premiums 6be deducti#1 yr ,,phsp cov]age has 6be pd or paya# "u a 3tract ) "o (! foll[+3 --an 9sur.e -pany2 --a tru/ -pany2 #abd ,*apt] #c e#bb --a p]son or "pn]%ip 9 ! busi;s ( adm9i/]+ ,,phsp's2 --a tax-exempt trade union ( : y or ! major;y ( yr employees >e memb]s2 or --a tax-exempt busi;s organiz,n or tax-exempt profes.nal organiz,n ( : y >e a memb]4 ,= m 9=m,n on ,,phsp's1 see ,9t]pret,n ,bullet9 ,,it-#cci1 ,m1n+ ( 8,private ,h1l? ,s]vices ,plan40 ,def9i;ns ,=! purposes ( ? claim1 ! foll[+ def9i;ns apply3 --.,qualifi$ .employees >e >m's l5g?1 full-"t employees :o h ?ree mon?s s]vice s9ce !y la/ 2came employ$ )a busi;s c>ri$ on 0y1 a busi;s 9 : y >e a major;y 9t]e/ "pn]1 or a busi;s c>ri$ on 0a corpor,n a6iliat$ ) y4 #abe ,*apt] #c f#bb ,tempor>y or s1sonal "w]s >e n qualifi$ employees4 --.,>m's .l5g? .employees >e1 g5],y1 employees :o >e n relat$ 6y & n c>ry+ on yr busi;s ) y1 = example1 z yr "pn]s4 ,see ! def9i;n ( 8,non- >m's l5g? transac;n0 on page #bg4 -------------------------------------#bc --.,9sura# .p]sons >e p 6:om cov]age is ext5d$ & :o >e ei3 --qualifi$ employees2 --p :o wd 2 qualifi$ employees if !y _h "w$ = y = ?ree mon?s2 or --p c>ry+ on yr busi;s 79clud+ yrf & yr "pn]s74 ,h[ 6calculate yr maximum deduc;n = ,,phsp's ,! foll[+ sec;ns expla9 h[ 6calculate yr maximum ,,phsp deduc;n bas$ on :e!r y _h employees & :e!r y 9sur$ !m "?\t ! ye> or "p (! ye>4 ,f9d ! sec;n t describes yr situ,n4 #abf ,if y did n h any a#bc employees "?\t #bjjf ,yr ,,phsp deduc;n is re/rict$ 0a doll> limit on an annual basis4 ,! limit is a maximum (3 --4#a1ejj = yrf2 --4#a1ejj = yr sp\se or -mon-law "pn] & h\sehold memb]s #ah ye>s ( age or old] at ! />t (! p]iod :5 !y 7 9sur$2 & --4#gej = h\sehold memb]s "u ! age ( #ah at ! />t (! p]iod4 ,! maximum deduc;n is al limit$ 0! numb] ( "ds ! p]son 0 9sur$4 ,calculate yr all[a# maximum =! ye> 0us+ ! foll[+ =mula3 ;,a divid$ 0#cfe multipli$ by 7;,b plus ;,c71 ":3 ;,a is ! numb] ( "ds dur+ ! p]iod (! ye> :5 y 9sur$ yrf & h\sehold memb]s1 if applica#1 b 9sur$ less ?an #ej@3p ( yr employees2 #abg ,*apt] #c b#bc ;,b equals 4#a1ejj multipli$ 0! numb] ( h\sehold memb]s #ah ye>s ( age or old] 9sur$ dur+ t p]iod2 & ;,c equals 4#gej multipli$ 0! numb] ( h\sehold memb]s "u ! age ( #ah 9sur$ dur+ t p]iod4 ,example #a ,$w9 0 a sole proprietor :o ran 8 busi;s al"o 9 #bjjf4 ,he _h no employees & did n 9sure any ( 8 h\sehold memb]s4 ,$w9 pd 4#b1jjj = ,,phsp cov]age 9 #bjjf4 ,9 8 case1 ! cov]age la/$ f ,july #a 6,decemb] #ca1 #bjjf1 a total ( #ahc "ds4 ,$w9's maximum all[a# ,,phsp deduc;n is calculat$ z foll[s3 #ahc divid$ 0#cfe multipli$ 04#a1ejj equals 4#geb ,ev5 ?\< ,$w9 pd 4#b1jjj 9 premiums 9 #bjjf1 he c only deduct 4#geb 2c ! annual limit is 4#a1ejj & he 0 #abh ,*apt] #c c#bc only 9sur$ = ab half (! ye>4 ,if he _h be5 9sur$ =! 5tire ye>1 8 deduc;n limit wd 2 4#a1ejj4 ,example #b ,tony 0 a sole proprietor :o ran 8 busi;s al"o 9 #bjjf4 ,he _h no employees4 ,f ,janu>y #a 6,decemb] #ca1 he 9sur$ hmf1 8 wife1 & 8 two sons4 ,tony pd 4#a1hjj 69sure hmf1 4#a1hjj 69sure 8 wife1 & 4#a1jjj = ea* ( 8 sons4 ,"o ( 8 sons 0 #ae ye>s old &! o!r turn$ #ah on ,septemb] #a4 ,tony's ,,phsp deduc;n is limit$ 6! foll[+ am.ts3 --= hmf--4#a1ejj2 --= 8 wife--4#a1ejj2 --= 8 #ae-ye>-old son--4#gej2 & --=! son :o turn$ #ah--4#gej4 ,! 4#gej limit applies 2c he did n turn #ah until af ! 9sur$ p]iod />t$4 #abi ,if y _h employees "?\t d#bc #bjjf ,if y _h at l1/ "o qualifi$ employee "?\t all ( #bjjf1 & at l1/ #ej@3p (! 9sura# p]sons 9 yr busi;s 7 qualifi$ employees1 yr claim = ,,phsp premiums is limit$ 9 a di6]5t way4 ,yr limit is bas$ on ! l[e/ co/ ( .equival5t .cov]age = ea* ( yr qualifi$ employees4 ,see ! def9i;n ( .qualifi$ .employees on page #bb4 ,use ! foll[+ /eps 6calculate yr maximum all[a# claim =! ,,phsp premiums pd or paya# = yrf1 yr sp\se or -mon-law "pn]1 & yr h\sehold memb]s4 ,= ea* ( yr qualifi$ employees1 d ! foll[+ calcul,n3 ;,x multipli$ 0;,y equals ;,z1 ":3 ;,x equals ! am.t y wd pay 6provide yrf1 yr sp\se or -mon-law "pn]1 & yr h\sehold memb]s ) cov]age equival5t 6t provid$ 6a "picul> employee & 8 #acj ,*apt] #c e#bc or h] sp\se or -mon-law "pn] & h\sehold memb]s2 ;,y equals ! p]c5tage (! premium y pay = t "picul> employee2 & ;,z equals yr limit bas$ on t "picul> employee4 ,example ,y h "o qualifi$ employee4 ,6provide yrf ) cov]age equival5t 6his1 y pay a premium ( 4#a1hjj4 ,y pay #fj@3p ( yr employee's premium4 ,yr deduc;n limit = yrf is 4#a1jhj1 calculat$ z foll[s3 4#a1hjj 7am.t ;,x7 multipli$ 0#fj@3p 7am.t ;,y7 equals 4#a1jhj 7am.t ;,z74 ,! maximum y c claim is 4#a1jhj if y _h only "o qualifi$ employee4 -------------------------------------#bd ,if y _h m ?an "o qualifi$ employee1 y h 6d ! ;,x multipli$ 0;,y equals ;,z calcul,n = ea* employee4 ,yr limit is !n #aca ,*apt] #c a#bd ! l1/ am.t y calculate = ea* & e employee4 ,example ,y h ?ree qualifi$ employees1 ,jack1 ,jill & ,sue4 ,! foll[+ ta# %[s h[ m* y wd pay = cov]age equival5t 6ea* ( _!s &! p]c5tage ( ea* employee's premium t y pay4 ,transcrib]'s note3 7,! foll[+ is set up 9 ?ree columns3 ,column #a3 ,"n ( employee ,column #b3 ,co/ ( equival5t cov]age = yrf ,column #c3 ,p]c5tage (! employee's premium y pay7 ,"n3 ,jack ,co/3 4#a1ejj ,p]c5tage3 #bj@3p #acb ,*apt] #c b#bd ,"n3 ,jill ,co/3 4#a1hjj ,p]c5tage3 #ej@3p ,"n3 ,sue ,co/3 4#a1djj ,p]c5tage3 #dj@3p ,y h 6d ?ree calcul,ns3 ,= ,jack3 4#a1ejj multipli$ 0#bj@3p equals 4#cjj ,= ,jill3 4#a1hjj multipli$ 0#ej@3p equals 4#ijj ,= ,sue3 4#a1djj multipli$ 0#dj@3p equals 4#efj ,yr limit is 4#cjj1 ! l1/ (! am.ts calculat$ =! ?ree employees4 ,note ,if y h a qualifi$ employee ) no cov]age1 y _c claim yr ,,phsp premiums z a deduc;n f self-employ;t #acc ,*apt] #c c#bd 9come4 ,h["e1 y may 2 a# 6claim !m z m$ical exp5ses4 ,if y _h employees "?\t #bjjf1 b ! numb] ( .>m's .l5g? employees y 9sur$ 0 less ?an #ej@3p ( all ! 9sura# p]sons 9 yr busi;s1 yr maximum all[a# deduc;n is ! .less] (! foll[+ two am.ts3 ,am.t #a ,det]m9e ? am.t 0us+ ! foll[+ =mula3 ;,a divid$ 0#cfe "ts 7;,b plus ;,c71 ":3 ;,a is ! numb] ( "ds dur+ ! p]iod (! ye> :5 y 9sur$ yrf & h\sehold memb]s1 if applica#1 b 9sur$ less ?an #ej@3p ( yr employees2 ;,b equals 4#a1ejj multipli$ 0! numb] ( h\sehold memb]s #ah ye>s ( age or old] 9sur$ dur+ t p]iod2 & #acd ,*apt] #c d#bd ;,c equals 4#gej multipli$ 0! numb] ( h\sehold memb]s "u ! age ( #ah 9sur$ dur+ t p]iod4 ,am.t #b ,if y _h at l1/ "o qualifi$ employee1 am.t #b is ! l[e/ co/ ( equival5t cov]age = ea* qualifi$ employee1 calculat$ 0us+ ! ;,x multipli$ 0;,y equals ;,z =mula on page #bc4 ,if y did n h at l1/ "o qualifi$ employee1 ! limit 9 am.t #a w apply4 ,if y _h employees = "p (! ye> ,=! "p (! ye> :5 y _h at l1/ "o qualifi$ employee & yr 9sura# >m's l5g? employees repres5t$ at l1/ #ej@3p ( all ! 9sura# p]sons 9 yr busi;s1 calculate yr limit .= .t .p]iod ! same way z 9 ! previ\s sec;n 8,if y _h employees "?\t #bjjf40 ,=! re/ (! ye> :5 y _h no employees or :5 yr 9sura# >m's l5g? employees #ace ,*apt] #c e#bd repres5t$ less ?an #ej@3p ( all (! 9sura# p]sons 9 yr busi;s1 yr deduc;n limit = t rema9+ p]iod is ! .less] (! foll[+ two am.ts3 ,am.t #a ,det]m9e ? am.t 0us+ ! foll[+ =mula3 ;,a divid$ 0#cfe "ts 7;,b plus ;,c71 ":3 ;,a is ! numb] ( "ds dur+ ! p]iod (! ye> :5 y 9sur$ yrf & h\sehold memb]s1 if applica#1 b 9sur$ less ?an #ej@3p ( yr employees2 ;,b equals 4#a1ejj multipli$ 0! numb] ( h\sehold memb]s #ah ye>s ( age or old] 9sur$ dur+ t p]iod2 & ;,c equals 4#gej multipli$ 0! numb] ( h\sehold memb]s "u ! age ( #ah 9sur$ dur+ t p]iod4 ,am.t #b ,if y _h at l1/ "o qualifi$ employee1 am.t #b is ! l[e/ co/ ( #acf ,*apt] #c f#bd equival5t cov]age = ea* qualifi$ employee1 calculat$ 0us+ ! ;,x multipli$ 0;,y equals ;,z =mula on page #bc4 ,if y did n h at l1/ "o qualifi$ employee1 ! limit 9 am.t #a w apply4 ,undeduct$ premiums ,if y deduct only a "p ( yr ,,phsp premium on l9e #ibgj1 & y pd ! premium 9 ! ye>1 y c 9clude ! undeduct$ bal.e 9 ! calcul,n ( yr non-refunda# m$ical exp5se tax cr$it4 ,= details1 see 8,l9e #ccj0 9 yr ,g5]al ,9come ,tax & ,b5efit ,guide4 ,l9e #iice--,all[.e on eligi# capital prop]ty ,if y buy a prop]ty s* z gdwill or a fran*ise = yr busi;s1 y mie a "pn] 9 a "pn]%ip1 ? am.t is ! net busi;s 9come ( all "pn]s4 ,on l9e .;h ( ,=m ,t#babd or l9e .;e ( ,=m ,t#bjcb1 %[ yr %>e ( l9e #icfi1 8,net 9come 7loss7 2f adju/;ts40 ,? is ! am.t left af y subtract ! am.ts ! o!r "pn]s >e responsi# = report+ z specifi$ 9 ! "pn]%ip agree;t4 -------------------------------------#be ,9 ! *>t 8,details ( o!r "pn]s0 on ,=m ,t#babd or ,=m ,t#bjcb1 %[ ! full #ach ,*apt] #c a#be "ns & a4resses (! o!r "pn]s1 z well z a br1kd[n ( _! %>es ( net 9come or loss f l9e #icfi & _! p]c5tages (! "pn]%ip4 ,l9e #iidc--,o!r am.ts deducti# f yr %>e ( net "pn]%ip 9come 7loss7 ,5t] ! total ( any extra exp5ses y 9curr$ 6e>n yr %>e (! "pn]%ip 9come 7loss71 s* z ! busi;s "p ( all[a# motor vehicle exp5ses4 ,^! exp5ses m/ n h be5 claim$ any": else on ! =m4 ,claim ^! am.ts only if ! "pn]%ip did n repay y = !m4 ,! limits 4cuss$ e>li] 9 ? *apt] al apply 6^! exp5ses4 ,-plete ! *>t 8,o!r am.ts deducti# f yr %>e ( net "pn]%ip 9come 7loss70 on page #b ( ,=m ,t#babd or ,=m ,t#bjcb 6li/ ! o!r am.ts y c deduct f yr %>e (! "pn]%ip's net 9come or loss4 #aci ,l9e #iide--,busi;s-use-(- b#be home exp5ses ,y c deduct exp5ses =! busi;s use (a "w space 9 yr home1 z l;g z y meet ."o ( ^! 3di;ns3 --x is yr pr9cipal place ( busi;s2 or --y use ! space only 6e>n yr busi;s 9come1 & y use x on a regul> & ongo+ basis 6meet yr cli5ts1 cu/om]s1 or pati5ts4 ,y c deduct a "p ( yr ma9t5.e co/s s* z h1t+1 home 9sur.e1 electric;y1 & cl1n+ mat]ials4 ,y c al deduct a "p ( yr prop]ty taxes1 mortgage 9t]e/1 & capital co/ all[.e4 ,6calculate ! "p y c deduct1 use a r1sona# basis s* z ! >ea (! "w space divid$ 0! total >ea ( yr home4 ,if y use "p ( yr home = bo? yr busi;s & p]sonal liv+1 calculate h[ _m h\rs 9 ! "d y use ! rooms = yr busi;s1 !n divide t am.t 0#bd h\rs4 ,multiply ! result 0! busi;s "p ( yr total home exp5ses4 ,? w give y ! h\sehold co/ y c deduct4 #adj ,*apt] #c c#be ,if y run ! busi;s = only "p (! week or ye>1 reduce yr claim acly4 ,= m 9=m,n1 see ,9t]pret,n ,bullet9 ,,it-#ead1 ,"w ,space 9 ,home ,exp5ses4 ,example ,monique runs a busi;s 9 h] home week"ds f #g3jj a4m4 6#e3jj p4m4 7#aj h\rs \ (a #bd-h\r "d74 ,! busi;s uses an >ea ( #ce squ>e metres4 ,! h\se is #ajj squ>e metres1 &! annual h\sehold exp5ses >e 4#e1hjj4 ,! calcul,n is z foll[s3 #aj ov] #bd h\rs multipli$ 0#ce ov] #ajj metres multipli$ 04#e1hjj exp5ses equals 4#hde.hc ,! busi;s op]ates #e "ds a week1 s ,monique has 6d ano!r calcul,n3 4#hde.hc multipli$ 0#e ov] #g "ds equals 4#fjd.af #ada ,*apt] #c d#be ,monique c deduct a total ( 4#fjd.af = h\sehold exp5ses4 ,! capital ga9 & recapture rules w apply if y deduct capital co/ all[.e on ! busi;s-use "p ( yr home & y lat] sell yr home4 ,= m 9=m,n ab ^! rules1 see ,*apt] #d on page #bf4 ,if y r5t yr home1 y c deduct ! "p (! r5t & any exp5ses y 9cur t relate 6! "w space4 ,! am.t y c deduct = busi;s-use-(-home exp5ses _c 2 m ?an yr net 9come f ! busi;s 2f y deduct ^! exp5ses4 ,9 o!r ^ws1 y _c use ^! exp5ses 69cr1se or cr1te a busi;s loss4 ,y c deduct ! .less] (! foll[+ am.ts3 --any am.t y c>ry =w>d f #bjje1 plus ! busi;s-use-(-home exp5ses y 9cur 9 #bjjf2 or --! am.t on l9e ;j ( ,=m ,t#babd or l9e ;g ( ,=m ,t#bjcb4 ,9 yr next fiscal p]iod1 y c use any exp5se y cd n deduct 9 #bjjf1 z #adb ,*apt] #c e#be l;g z y meet "o (! two previ\s 3di;ns4 ,y al use ! same rules4 ,y c use ! *>t 8,calcul,n ( busi;s- use-(-home exp5ses0 on ,=m ,t#babd or ,=m ,t#bjcb 6calculate yr all[a# claim = busi;s-use-(-home exp5ses4 ,! exp5ses y claim on l9e #iide m/ n 2 claim$ else": on ,=m ,t#babd or ,=m ,t#bjcb4 ,6see h[ 6calculate yr busi;s-use-(- home exp5ses1 r1d ! foll[+ example4 ,example ,bill runs a bookkeep+ busi;s \ ( 8 home4 ,8 busi;s has a ,decemb] #ca fiscal ye>-5d4 ,bill record$ ! foll[+ = #bjjf3 ,total h\se >ea 7squ>e metres7 """"""""""""""""""""""" #ahj ,>ea = busi;s use only 7squ>e metres7 """"""""""""""""" #ah ,>ea = p]sonal use 7squ>e metres7 """"""""""""""""""""""" #afb #adc ,*apt] #c f#be ,net busi;s 9come 7loss7 af adju/;ts """"""""""""""""""" 4#g1ajj ,busi;s-use-(-home exp5ses c>ri$ =w>d f #bjje """"""""""" 4#aej ,bill's home exp5ses = #bjjf3 ,h1t """"""""""""""""""""""""" 4#a1bjj ,electric;y """""""""""""""""" 4#a1jjj ,9sur.e """""""""""""""""""""""" 4#fej ,ma9t5.e """"""""""""""""""""""" 4#cej ,mortgage 9t]e/ """""""""""""" 4#h1jjj ,prop]ty taxes """"""""""""""" 4#a1hjj ,wat] """""""""""""""""""""""""" 4#cjj ,bill -pletes ! appropriate sec;ns ( ,=m ,t#bjcb z foll[s3 -------------------------------------#bf ,calcul,n ( busi;s-use-(-home exp5ses ,h1t """""""""""""""""""""""" 4#a1bjj.jj ,electric;y """"""""""""""""" 4#a1jjj.jj #add ,*apt] #c a#bf ,9sur.e """"""""""""""""""""""" 4#fej.jj ,ma9t5.e """""""""""""""""""""" 4#cej.jj ,mortgage 9t]e/ """"""""""""" 4#h1jjj.jj ,prop]ty taxes """""""""""""" 4#a1hjj.jj ,o!r exp5ses 7wat]3 4#cjj7 """" 4#cjj.jj ,subtotal 7add all ! abv exp5ses7 """"""""""""""""" 4#ac1cjj.jj .,m9us--,p]sonal use "p 7#afb divid$ 0#ahj multipli$ 04#ac1cjj7 """"" 4#aa1igj.jj ,subtotal 7exp5ses m9us p]sonal use7 """""""""""""" 4#a1ccj.jj .,plus --,capital co/ all[.e 7busi;s "p only7 """""""""""" 4#j.jj --,am.t c>ri$ =w>d f previ\s ye> """"""""""""""" 4#aej.jj 7#a7 ,subtotal """""""""""""" 4#a1dhj.jj 7#b7 .,m9us--,net 9come 7loss7 af adju/;ts 7f l9e ;g on page #a7--if negative1 5t] 8#j0 """""""" 4#g1ajj.jj ,busi;s-use-(-home exp5ses availa# 6c>ry =w>d 7l9e #a #ade ,*apt] #c b#bf .m9us l9e #b7--if negative1 5t] 8#j0 """""""""""" 4#j.jj .,all[a# .claim 7! less] ( am.ts #a or #b abv7--,5t] ? am.t on l9e #iide on page #a """"""""""""""""""" 4#a1dhj.jj ,l9e #iidf--,yr net 9come 7loss7 ,on ! relevant l9es ( yr 9come tax return1 5t] yr total gross 7f l9e #hbii on ,=m ,t#babd or ,=m ,t#bjcb7 & total net 7f l9e #iidf on ,=m ,t#babd or ,t#bjcb7 busi;s or profes.nal 9come or loss4 ,9clude ! total 9come or losses f all yr busi;ses & profes.nal activities4 ,if y h a busi;s or profes.nal loss t is m ?an all yr o!r s\rces ( 9come1 y may h a non-capital loss =! ye>4 ,6apply ? loss ag/ 9come f previ\s ye>s1 -plete & atta* a copy ( ,=m ,t#a;,a1 ,reque/ = ,loss ,c>ryback1 6yr 9come tax return4 ,= m details ab loss c>rybacks1 #adf ,*apt] #c c#bf see ,9t]pret,n ,bullet9 ,,it-#bcb1 ,losses--,_! ,deductibil;y 9 ! ,loss ,ye> or 9 ,o!r ,ye>s4 ,details ( o!r "pn]s ,if y >e a "pn] 9 a "pn]%ip t does .n h 6file a "pn]%ip 9=m,n return 7see ,*apt] #a = ^! require;ts71 -plete ! *>t 8,details ( o!r "pn]s0 on page #b on ,=m ,t#babd or ,=m ,t#bjcb4 ,if y >e a "pn] 9 a "pn]%ip t .has 6file a "pn]%ip 9=m,n return1 d n -plete ? *>t4 ,details ( equ;y 7page #b ( ,=m ,t#babd & ,=m ,t#bjcb7 ,if y >e a "pn] 9 a "pn]%ip t .has 6file a "pn]%ip 9=m,n return1 d n -plete ? sec;n4 #adg ,l9e #iica--,total busi;s d#bf liabilities ,a liabil;y is a debt or oblig,n (a busi;s4 ,total busi;s liabilities is ! total ( all am.ts yr busi;s or profes.nal activ;y [es at ! 5d ( xs fiscal p]iod4 ,? 9cludes3 --a3.ts paya#2 --notes paya#2 --taxes paya#2 --unpd sal>ies1 wages1 & b5efits2 --9t]e/ paya#2 --def]r$ or une>n$ rev5ues2 --loans paya#2 --mortgages paya#2 & --any o!r \t/&+ bal.e relat$ 6! busi;s4 ,l9e #iicb--,draw+s 9 #bjjf ,a draw+ is any )drawal ( ca% 79clud+ sal>ies71 o!r assets1 or s]vices (a busi;s 0! proprietor or "pn]s4 ,? 9cludes s* transac;ns 0! #adh ,*apt] #c e#bf proprietor or "pn]s 7or family memb]s7 z )draw+ ca% = non-busi;s use1 & us+ busi;s assets or s]vices = p]sonal use4 ,9clude ! co/ or value ( p]sonal use ( busi;s assets or s]vices 9 yr draw+s =! ye>4 ,l9e #iicc--,capital 3tribu;ns 9 #bjjf ,a capital 3tribu;n is ca% or o!r assets y a4$ 6! busi;s dur+ xs fiscal p]iod4 ,? 9cludes p]sonal funds y a4$ 6! busi;s a3.t1 busi;s debts y pd ) p]sonal funds1 & p]sonal assets y transf]r$ 6! busi;s4 #adi f#bf #aej ,*apt] #d--,capital ,co/ g#bf ,all[.e 7,,cca7 ,:at is capital co/ all[.e8 ,y mi4 ,h["e1 s9ce ^! prop]ties we> \ or 2come obsolete ov] "t1 y c deduct _! co/ ov] a p]iod -------------------------------------#bg ( s"eal ye>s4 ,! deduc;n = ? is call$ capital co/ all[.e 7,,cca74 ,def9i;ns ,6calculate yr ,,cca claim1 y w ne$ 6"k ! m1n+ (! foll[+ t]ms3 #aea ,availa# = use a#bg ,y c usu,y claim ,,cca on a prop]ty only :5 x 2comes availa# = use4 ,prop]ty o!r ?an a build+ usu,y 2comes availa# = use on :i*"e is e>li]3 --! date y f/ use x 6e>n 9come2 --! second tax ye> af ! ye> y acquire ! prop]ty2 --! "t j 2f y 4pose (! prop]ty2 or --! "t ! prop]ty is deliv]$ or made availa# 6y & is capa# ( produc+ a salea# product or s]vice4 ,a .build+ or .."p (a .build+ usu,y 2comes availa# = use on :i*"e is e>li]3 --! date y />t us+ #ij@3p or m (! build+ 9 yr busi;s2 --! second tax ye> af ! ye> y acquire ! build+2 or --! "t j 2f y 4pose (! build+4 ,a ..build+ t y >e 3/ruct+1 r5ovat+1 or .alt]+ usu,y 2comes availa# = use on :i*"e is e>li]3 --! date y -plete ! 3/ruc;n1 r5ov,n1 or alt],n2 #aeb ,*apt] #d b#bg --! date y />t us+ #ij@3p or m (! build+ 9 yr busi;s2 --! second tax ye> af ! ye> y acquire ! build+2 or --! "t j 2f y 4pose (! build+4 ,capital co/ ,? is ! am.t on : y f/ claim ,,cca4 ,! capital co/ (a prop]ty is usu,y ! total (3 --! pur*ase price 7n 9clud+ ! co/ ( l&1 : is usu,y n deprecia#1 see 8,l&0 on page #bi72 --! "p ( yr legal1 a3.t+1 5g9e]+1 9/all,n1 & o!r fees t relates 6! buy+ or 3/ruc;n (! prop]ty 7n 9clud+ ! "p t applies 6l&72 --! co/ ( any a4i;ns or improve;ts y made 6! prop]ty af y acquir$ x1 if y did n claim ^! co/s z a curr5t exp5se 7s* z modific,ns 6a3ommodate p]sons ) 4abilities72 & #aec ,*apt] #d c#bg --=a build+1 s(t co/s 7s* z 9t]e/1 legal & a3.t+ fees1 & prop]ty taxes7 relat$ 6! p]iod y >e 3/ruct+1 r5ovat+1 or alt]+ ! build+1 if ^! exp5ses h n be5 deduct$ z curr5t exp5ses4 ,deprecia# prop]ty ,? is any prop]ty on : y c claim ,,cca4 ,y usu,y gr\p deprecia# prop]ties 96classes4 ,= example1 di7]s1 drills1 & tools t co/ 4#bjj or m 2l;g 6class #h4 ,y h 6base yr ,,cca claim on a rate assign$ 6ea* class ( prop]ty4 ,fair m>ket value 7,,fmv7 ,,fmv is g5],y ! hi value t y c get = yr prop]ty 9 an op5 & unre/rict$ m>ket 2t an 9=m$ & will+ buy] & an 9=m$ & will+ sell] :o >e d1l+ at >m's l5g? ) ea* o!r4 #aed ,non->m's l5g? transac;n d#bg ,a non->m's l5g? transac;n 9clude a transac;n 2t p :o >e relat$1 s* z memb]s (a family4 ,an example (a non->m's l5g? transac;n is ! sale ( prop]ty 2t a husb& & wife1 or a p>5t & *4 ,= m details on non->m's l5g? transac;ns1 see ,9t]pret,n ,bullet9 ,,it-#dai1 ,m1n+ ( ,>m's ,l5g?4 ,proce$s ( 4posi;n ,proce$s ( 4posi;n g5],y m1n ! sale price (a prop]ty4 ,usu,y ! proce$s ( 4posi;n >e ! am.ts y rcv1 or t we 3sid] y 6h rcvd1 :5 y 4pose ( yr prop]ty4 ,? cd 9clude -p5s,n y rcv = prop]ty t "s"o de/roys1 expropriates1 /1ls1 or damages4 ,special rules may apply if y 4pose (a build+ = less ?an bo? xs undepreciat$ capital co/ &= less ?an yr capital co/4 ,if ? is ! case1 see 8,special rules = 4pos+ (a build+ 9 ! ye>0 on page #ce = details4 #aee ,*apt] #d e#bg ,= m details ab proce$s ( 4posi;n1 see ,9t]pret,n ,bullet9 ,,it-#bbj1 ,capital ,co/ ,all[.e--,proce$s ( ,4posi;n ( ,deprecia# ,prop]ty1 & xs ,special ,rel1se1 & ,9t]pret,n ,bullet9 ,,it-#bhe1 ,capital ,co/ ,all[.e--,g5]al ,-;ts4 ,undepreciat$ capital co/ 7,,ucc7 ,g5],y ! ,,ucc is ! am.t left af y deduct ,,cca f ! capital co/ (a deprecia# prop]ty4 ,ea* ye>1 ! ,,cca y claim reduces ! ,,ucc (! prop]ty4 ,h[ m* ,,cca c y claim8 ,! ,,cca y c claim dep5ds on ! type ( prop]ty y [n &! date y acquir$ x4 ,y gr\p ! deprecia# prop]ty y [n 96classes4 ,a specific rate ( ,,cca g5],y applies 6ea* class4 #aef ,*apt] #d #bh ,we expla9 ! mo/ -mon classes ( prop]ty 9 8,classes ( deprecia# prop]ty0 on page #ca4 ,we li/ mo/ (! classes & _! rates 9 ! *>t 8,,cca classes0 on page #ci4 ,base yr ,,cca claim on yr fiscal p]iod 5d+ 9 #bjjf1 & n ! cal5d> ye>4 ,"! >e a few o!r ?+s y %d "k ab ,,cca3 --,=! mo/ "p1 use ! decl9+ bal.e me?od 6calculate yr ,,cca4 ,? m1ns t y claim ,,cca on ! capital co/ (! prop]ty m9us ! ,,cca y claim$ 9 previ\s ye>s1 if any4 ,! rema9+ bal.e decl9es ov] ! ye>s z y claim ,,cca4 ,example ,la/ ye>1 ,sue b"\ a build+ = 4#fj1jjj 6use 9 8 busi;s4 ,on 8 tax return = la/ ye>1 he claim$ ,,cca ( 4#a1bjj on ! build+4 ,? ye>1 ,sue bases 8 #aeg ,*apt] #d a#bh ,,cca claim on 8 bal.e ( 4#eh1hjj 74#fj1jjj m9us 4#a1bjj74 --,y d n h 6claim ! maximum am.t ( ,,cca 9 any giv5 ye>4 ,y c claim any am.t y l1 f z]o 6! maximum all[$ =! ye>4 ,= example1 if y d n h 6pay 9come tax =! ye>1 y may n want 6claim ,,cca4 ,claim+ ,,cca reduces ! bal.e (! class 0! am.t ( ,,cca claim$4 ,z a result1 ! ,,cca availa# = future ye>s w 2 reduc$4 --,in ! ye> y acquire a prop]ty1 y c usu,y claim ,,cca only on "o-half ( yr net a4i;ns 6a class4 ,we expla9 ? #ej@3p rule 9 8,column #f--,adju/;t = curr5t-ye> a4i;ns0 on page #cj4 ,! availa#-=-use rules 4cuss$ previ\sly 9 ? *apt] may al a6ect ! am.t ( ,,cca y c claim4 ,= m 9=m,n1 see page #bg4 --,y _c claim ,,cca on mo/ l& or on liv+ ?+s s* z trees1 %rubs1 or animals4 ,h["e1 y c claim #aeh ,*apt] #d b#bh ,,cca on timb] limits1 cutt+ "rs1 & wood assets4 ,= m details1 see ,9t]pret,n ,bullet9 ,,it-#dha1 ,timb] ,res\rce ,prop]ty & ,timb] ,limits1 & ,9t]pret,n ,bullet9 ,,it-#eja1 ,capital ,co/ ,all[.e-- ,lo7+ ,assets1 & xs ,special ,rel1se4 --,if y claim ,,cca1 & y lat] 4pose (! prop]ty1 y may h 6add an am.t 6yr 9come z a recapture ( ,,cca4 ,alt]natively1 y may 2 a# 6deduct an a4i;nal am.t f yr 9come z a t]m9al loss4 ,= m 9=m,n1 see 8,column #e-- ,,ucc af a4i;ns & 4posi;ns0 on page #cj4 --,if y rcv 9come f a qu>ry1 s& or gravel pit1 or a woodlot1 y c claim a type ( all[.e "kn z a deple;n all[.e4 ,= m details1 see ,9t]pret,n ,bullet9 ,,it-#cgc1 ,woodlots1 & ,9t]pret,n ,bullet9 ,,it-#dib1 ,capital ,co/ ,all[.e--,9du/rial ,m9]al ,m9es4 #aei ,*apt] #d c#bh --,if y >e a "pn] 9 a "pn]%ip t gives y a ,t#ejac slip1 ,/ate;t ( ,"pn]%ip ,9come1 y _c p]son,y claim ,,cca4 ,! ,t#ejac slip y rcv w h alr allocat$ 6y a %>e (! "pn]%ip's ,,cca on ! prop]ty4 ,y 7 ask+8 ,"q ,h[ d ,i calculate my ,,cca claim if ,i />t a busi;s & my f/ fiscal p]iod is f ,june #a1 #bjjf1 6,decemb] #ca1 #bjjf8 ,answ] ,if yr fiscal p]iod is less ?an #cfe "ds1 y h 6prorate yr ,,cca claim4 ,calculate yr claim us+ ! rules we 4cuss 9 ? *apt]4 ,h["e1 base yr ,,cca claim on ! numb] ( "ds 9 yr fiscal p]iod -p>$ 6#cfe "ds4 ,9 yr case1 yr fiscal p]iod is #bad "ds4 ,suppose y calculate yr ,,cca 6be 4#c1ejj4 ,! am.t ( ,,cca y c #afj ,*apt] #d d#bh claim is 4#b1jeb 74#c1ejj multipli$ 0#bad ov] #cfe74 ,= m details1 see ,9t]pret,n ,bullet9 ,,it-#bhe1 ,capital ,co/ ,all[.e--,g5]al ,-;ts4 ,h[ d y make yr claim8 ,6calculate yr #bjjf deduc;n = ,,cca1 & any recaptur$ ,,cca & t]m9al losses1 use ,>ea ;,a on page #c ( yr ,=m ,t#babd or ,=m ,t#bjcb4 ,= #bjjf1 y c get 9=m,n 6help y -plete ,>ea ;,a f o!r >1s ( ,=m ,t#babd or ,=m ,t#bjcb & f ! same =m fil$ = #bjje4 ,y may h acquir$ or 4pos$ ( build+s or equip;t dur+ ! fiscal p]iod4 ,if s1 -plete ! applica# ,>1s ;,b1 ;,c1 ;,d1 or ;,e 2f -plet+ ,>ea ;,a4 ,y w f9d explan,ns on h[ 6-plete ,>ea ;,b & ,>ea ;,c 9 8,column #c--,co/ ( a4i;ns 9 ! ye>0 on page #bi4 ,y w f9d explan,ns on h[ 6-plete ,>ea ;,d #afa ,*apt] #d e#bh & ,>ea ;,e 9 8,column #d--,proce$s ( 4posi;ns 9 ! ye>0 al on page #bi4 ,note ,ev5 if y >e n claim+ a deduc;n = ,,cca = #bjjf1 -plete ! appropriate >1s (! =m 6%[ any a4i;ns & 4posi;ns dur+ ! ye>4 ,column #a--,class numb] ,5t] ! class numb]s ( yr prop]ties 9 ? column4 ,if ? is ! f/ ye> y >e claim+ ,,cca1 r1d 8,column #c--,co/ ( a4i;ns 9 ! ye>0 2f -plet+ column #a4 ,if y claim$ ,,cca la/ ye>1 y c get ! class numb]s ( yr prop]ties f la/ ye>'s =m4 ,we 4cuss ! m -mon types ( deprecia# prop]ties 9 8,classes ( deprecia# prop]ty0 on page #ca1 & we li/ mo/ (! classes & _! rates 9 ! *>t 8,,cca classes0 on page #ci4 #afb ,column #b--,undepreciat$ f#bh capital co/ 7,,ucc7 at ! />t (! ye> ,if ? is ! f/ ye> y >e claim+ ,,cca1 skip ? column4 ,o!rwise1 5t] 9 ? column ! ,,ucc = ea* class at ! 5d ( la/ ye>4 ,^! am.ts 7 9clud$ 9 column #aj la/ ye>4 ,f yr ,,ucc at ! />t ( #bjjf1 subtract any 9ve/;t tax cr$it y claim$ or 7 refund$ -------------------------------------#bi 9 #bjje4 ,al subtract any #bjje 9ve/;t tax cr$it y c>ri$ back 6a ye> 2f #bjje4 ,y may h rcvd a ,,gst/,,hst 9put tax cr$it 9 #bjje =a pass5g] vehicle y use less ?an #ij@3p = yr busi;s4 ,9 ? case1 subtract ! am.t (! cr$it f yr 2g9n+ ,,ucc4 ,see 8,grants1 subsidies1 or o!r 9c5tives or 9duce;ts0 on page #cd4 ,note ,9 #bjjf1 y may 2 claim+1 c>ry+ back1 or gett+ a refund ( an 9ve/;t #afc ,*apt] #d a#bi tax cr$it4 ,if y / h deprecia# prop]ty 9 ! class1 y h 6adju/1 9 #bjjg1 ! ,,ucc (! class 6: ! prop]ty 2l;gs4 ,6d ?1 subtract ! am.t (! cr$it f ! ,,ucc at ! />t ( #bjjg4 ,:5 "! is no prop]ty left 9 ! class1 report ! am.t (! 9ve/;t tax cr$it z 9come 9 #bjjg4 ,column #c--,co/ ( a4i;ns 9 ! ye> ,if y acquire or make improve;ts 6deprecia# prop]ty 9 ! ye>1 we 3sid] !m 6be a4i;ns 6! class 9 : ! prop]ty 2l;gs4 ,y %d3 --complete ,>ea ;,b & ,>ea ;,c ( yr ,=m ,t#babd or ,=m ,t#bjcb1 z expla9$ 2l2 & --5t]1 9 column #c ( ,>ea ;,a = ea* class1 ! figure f column #e ( ea* class 9 ,>ea ;,b & ,>ea ;,c4 ,if a *>t asks =! p]sonal "p (a prop]ty1 ? ref]s 6! "p t y use p]son,y1 sep>ate f ! "p y use = busi;s4 ,= #afd ,*apt] #d b#bi example1 if y use #be@3p (! build+ y live 9 = busi;s1 yr p]sonal "p is ! o!r #ge@3p4 ,d n 9clude ! value ( yr lab\r 9 ! co/ (a prop]ty y build or improve1 9clude ! co/ ( survey+ or valu+ a prop]ty y acquire4 ,rememb] t a prop]ty usu,y has 6be availa# = use 2f y c claim ,,cca4 ,see ! def9i;n ( .availa# .= .use on page #bg4 ,if y rcvd 9sur.e proce$s 6reimburse y =! loss or de/ruc;n ( deprecia# prop]ty1 5t] ! am.t y sp5t 6replace ! prop]ty 9 column #c ( ,>ea ;,a1 & al 9 ,>ea ;,b or ;,c1 :i*"e applies4 ,9clude ! am.t ( 9sur.e proce$s 3sid]$ z proce$s ( 4posi;n 9 column #d ( ,>ea ;,a1 & 9 ,>ea ;,d or ;,e1 :i*"e applies4 ,if y replac$ a lo/ or de/roy$ prop]ty )9 a ye> (! loss1 special rules = replace;t prop]ty may apply 6y4 ,= m 9=m,n1 see ,9t]pret,n ,bullet9 ,,it-#bei1 ,ex*ange ( ,prop]ty1 & ,9t]pret,n ,bullet9 ,,it-#dia1 #afe ,*apt] #d c#bi ,=m] ,busi;s ,prop]ty1 & xs ,special ,rel1se4 ,6f9d \ if any ( ^! special situ,ns apply1 see 8,special situ,ns0 on page #cc4 ,>ea ;,b--,details ( equip;t a4i;ns 9 ! ye> ,li/ ! details ( all equip;t 79clud+ motor vehicles7 y acquir$ or improv$ 9 #bjjf4 ,gr\p ! equip;t 96! applica# classes1 & put ea* class on a sep>ate l9e4 ,equip;t 9cludes items 7s* z a ce;t mix]7 & ma9t5.e equip;t 7s* z a sn[ bl[] or lawn m[]7 y acquire 6use 9 yr busi;s or profes.nal activities4 ,5t] on l9e #iibe ! total busi;s "p (! co/ (! equip;t4 ,y w f9d 9=m,n ab capital co/ on page #bg4 #aff ,>ea ;,c--,details ( d#bi build+ a4i;ns 9 ! ye> ,li/ ! details ( all build+s y acquir$ or improv$ 9 #bjjf4 ,gr\p ! build+s 96! applica# classes1 & put ea* class on a sep>ate l9e4 ,5t] on l9e #iibg ! total busi;s "p (! co/ (! build+s4 ,! co/ 9cludes ! pur*ase price (! build+1 plus any relat$ exp5ses t y %d add 6! capital co/ (! build+1 s* z legal fees1 l& transf] taxes1 & mortgage fees4 ,y w f9d 9=m,n ab capital co/ on page #bg4 ,l& ,mo/ l& is n deprecia# prop]ty4 ,"!=e1 y _c usu,y claim ,,cca on xs co/4 ,if y acquire a prop]ty t 9cludes bo? l& &a build+1 5t] 9 column #c ( ,>ea ;,c only ! co/ t relates 6! build+4 ,6calculate ! build+'s capital co/1 y h 6split any fees t relate 6buy+ ! prop]ty 2t ! l& #afg ,*apt] #d e#bi &! build+4 ,relat$ fees may 9clude legal & a3.t+ fees4 ,calculate ! "p (! relat$ fees y c 9clude 9 ! capital co/ (! build+ z foll[s3 build+ value divid$ 0total pur*ase price multipli$ 0legal1 a3.t+1 or o!r fees equals ! "p (! fees y c 9clude 9 ! build+'s co/ ,y d n h 6split a fee if x relates specific,y 6! l& or ! build+4 ,9 ? case1 y wd add ! am.t (! fee 6! co/ 6: x relates1 ei ! l& or ! build+4 ,>ea ;,f--,details ( l& a4i;ns & 4posi;ns 9 ! ye> ,5t] ! total co/ ( acquir+ l& 9 #bjjf on l9e #iibc4 ,! co/ 9cludes ! pur*ase price (! l& plus any relat$ exp5ses t y #afh ,*apt] #d f#bi %d add 6! capital co/ (! l&1 s* z legal fees1 l& transf] taxes1 & mortgage fees4 ,y _c claim ,,cca on l&4 ,d .n 5t] ? am.t 9 column #c ( ,>ea ;,a4 ,column #d--,proce$s ( 4posi;ns 9 ! ye> ,5t] ! details ( yr #bjjf 4posi;ns on yr ,=m ,t#babd or ,=m ,t#bjcb1 z expla9$ 2l4 ,if y 4pos$ (a deprecia# prop]ty dur+ ! #bjjf fiscal p]iod1 5t] 9 column #c (! appropriate 4posi;ns >ea 7,>ea ;,d or ;,e7 "o (! foll[+ am.ts1 :i*"e is less3 --yr proce$s ( 4posi;n1 m9us any relat$ exp5ses2 or --! capital co/ (! prop]ty4 -------------------------------------#cj ,note ,if a *>t asks =! p]sonal "p (a prop]ty1 ? ref]s 6! "p t y use p]son,y1 sep>ate f ! "p y use = busi;s4 ,= example1 if y use #afi ,*apt] #d a#cj #be@3p (! build+ y live 9 = busi;s1 yr p]sonal "p is ! o!r #ge@3p4 ,5t]1 9 column #d ( ,>ea ;,a = ea* class1 ! figure f column #e ( ea* class 9 ,>ea ;,d & ,>ea ;,e4 ,if y rcvd 9sur.e proce$s 6reimburse y =! loss or de/ruc;n ( deprecia# prop]ty1 5t] ! am.t y sp5t 6replace ! prop]ty 9 column #c ( ,>ea ;,a1 & al 9 ,>ea ;,b or ;,c1 :i*"e applies4 ,9clude ! am.t ( 9sur.e proce$s 3sid]$ z proce$s ( 4posi;n 9 column #d ( ,>ea ;,a1 & 9 ,>ea ;,d or ;,e1 :i*"e applies4 ,if y sell a prop]ty = m ?an x co/1 y w h a capital ga94 ,y may 2 a# 6po/p"o or def] a4+ a capital ga9 or recapture ( ,,cca 69come4 ,= m 9=m,n1 see ! sec;ns 8,capital ga9s0 on page #ce & 8,replace;t prop]ty0 on page #cg4 ,if y replac$ a lo/ or de/roy$ prop]ty )9 a ye> (! loss1 special rules = replace;t prop]ty may apply 6y4 ,see ,9t]pret,n ,bullet9 ,,it-#bei1 #agj ,*apt] #d b#cj ,ex*ange ( ,prop]ty1 & ,9t]pret,n ,bullet9 ,,it-#dia1 ,=m] ,busi;s ,prop]ty1 & xs ,special ,rel1se4 ,>ea ;,d--,details ( equip;t 4posi;ns 9 ! ye> ,li/ 9 ? *>t ! details ( all equip;t 79clud+ motor vehicles7 y 4pos$ ( 9 yr #bjjf fiscal p]iod4 ,gr\p ! equip;t 96! applica# classes1 & put ea* class on a sep>ate l9e4 ,5t] on l9e #iibf ! total busi;s "p (! proce$s ( 4posi;n (! equip;t4 ,>ea ;,e--,details ( build+ 4posi;ns 9 ! ye> ,li/ 9 ? *>t ! details ( all build+s y 4pos$ ( 9 yr #bjjf fiscal p]iod4 ,gr\p ! build+s 96! applica# classes1 & put ea* class on a sep>ate l9e4 ,5t] on l9e #iibh ! total busi;s "p (! proce$s ( 4posi;n (! build+s4 #aga ,>ea ;,f--,details ( l& c#cj a4i;ns & 4posi;ns 9 ! ye> ,5t] on l9e #iibd ! total ( all am.ts y rcvd or w rcv = 4pos+ ( l& 9 ! fiscal p]iod4 ,column #e--,,ucc af a4i;ns & 4posi;ns ,y _c claim ,,cca :5 ! am.t 9 column #e is3 --negative 7see 8,recapture ( ,,cca0 2l72 or --positive1 & y d n h any prop]ty left 9 t class at ! 5d ( yr #bjjf fiscal p]iod 7see 8,t]m9al loss0 2l74 ,9 ei case1 5t] 8#j0 9 column #aj4 ,recapture ( ,,cca ,if ! am.t 9 column #e is negative1 y h a recapture ( ,,cca4 ,5t] yr recapture on l9e #hbcj1 8,o!r 9come10 ( yr #agb ,*apt] #d d#cj ,=m ,t#babd or ,=m ,t#bjcb4 ,a recapture ( ,,cca c happ5 if ! proce$s f ! sale ( deprecia# prop]ty >e m ?an ! total (3 --! ,,ucc (! class at ! />t (! p]iod2 & --! capital co/ ( any new a4i;ns dur+ ! p]iod4 ,a recapture ( ,,cca c al o3ur1 = example1 :5 y get a gov]n;t grant or claim an 9ve/;t tax cr$it4 ,t]m9al loss ,if ! am.t 9 column #e is positive1 & y no l;g] [n any prop]ty 9 t class1 y may h a t]m9al loss4 ,m precisely1 y may h a t]m9al loss :51 at ! 5d (a fiscal p]iod1 y h no m prop]ty 9 ! class b / h an am.t : y h n deduct$ z ,,cca4 ,y c usu,y subtract ? t]m9al loss f yr gross busi;s or profes.nal 9come 9 ! ye> y 4pos$ (! prop]ty4 ,5t] yr t]m9al loss on l9e #ibgj1 8,o!r exp5ses10 on ,=m ,t#babd or ,=m ,t#bjcb4 #agc ,*apt] #d e#cj ,= m 9=m,n on recapture ( ,,cca & t]m9al loss1 see ,9t]pret,n ,bullet9 ,,it-#dgh1 ,capital ,co/ ,all[.e-- ,recapture & ,t]m9al ,loss4 ,note ,! rules = recapture ( ,,cca & t]m9al loss d n apply 6pass5g] vehicles 9 class #aj.a4 ,h["e1 6calculate yr ,,cca claim1 see ! -;ts 9 8,column #g --,base am.t = ,,cca0 on page #ca4 ,column #f--,adju/;t = curr5t- ye> a4i;ns ,9 ! ye> y acquire or make a4i;ns 6a prop]ty1 y c usu,y claim ,,cca on "o- half ( yr net a4i;ns 7! am.t 9 column #c m9us ! am.t 9 column #d74 ,we call ? ! .#ej@3p .rule4 ,calculate yr ,,cca claim only on ! net adju/$ am.t4 ,d n reduce ! co/ (! a4i;ns 9 column #c or ! ,,cca rate 9 column #h4 ,= example1 if y #agd ,*apt] #d f#cj acquir$ a prop]ty 9 yr #bjjf fiscal p]iod = 4#cj1jjj1 y wd base yr ,,cca claim on 4#ae1jjj 74#cj1jjj multipli$ 0#ej@3p74 ,if y acquir$ & 4pos$ ( deprecia# prop]ty (! same class 9 yr #bjjf fiscal p]iod1 ! calcul,n 9 column #f re/ricts yr ,,cca claim4 ,calculate ! ,,cca y c claim z foll[s3 --,det]m9e : (! foll[+ am.ts is less3 --! proce$s ( 4posi;n ( yr prop]ty1 m9us any relat$ co/s or exp5ses2 or --! capital co/4 --,subtract ! abv am.t f ! capital co/ ( yr a4i;n4 --,5t] #ej@3p (! result 9 column #f4 ,if ! result is negative1 5t] 8#j40 ,9 "s cases1 y d n make an adju/;t 9 column #f4 ,= example1 9 a non->m's l5g? transac;n1 y may buy deprecia# prop]ty t ! sell] 3t9u\sly [n$ f ! "d t is #age ,*apt] #d g#cj at l1/ #cfd "ds 2f ! 5d ( yr #bjjf fiscal p]iod 6! "d ! prop]ty 0 pur*as$4 ,h["e1 if y transf] p]sonal prop]ty1 -------------------------------------#ca = example1 a c> or a p]sonal -put]1 96yr busi;s1 ! #ej@3p rule applies 6! "picul> prop]ty transf]r$4 ,al1 "s prop]ties >e n subject 6! #ej@3p rule4 ,"s examples >e ^? 9 classes #ac1 #ad1 #bc1 #bd1 #bg1 #bi1 & #cd1 z well z "s ( ^? 9 class #ab s* z small tools t co/ less ?an 4#bjj4 ,! #ej@3p rule does n apply :5 ! availa#-=- use rules 4cuss$ on page #bg d5y a ,,cca claim until ! second tax ye> af ! ye> y acquire ! prop]ty4 ,if y ne$ m details on ! special rules t apply 6class #ac1 see ,9t]pret,n ,bullet9 ,,it-#dfd1 ,capital ,co/ ,all[.e--,l1sehold ,9t]e/s1 &= m details on ! #ej@3p rule1 see ,9t]pret,n ,bullet9 ,,it-#bhe1 ,capital ,co/ ,all[.e--,g5]al ,-;ts4 #agf ,column #g--,base am.t = a#ca ,,cca ,base yr ,,cca claim on ? am.t4 ,=a class #aj.a vehicle y 4pos$ ( 9 yr #bjjf fiscal p]iod1 y may 2 a# 6claim #ej@3p (! ,,cca t wd 2 all[$ if y / [n$ ! vehicle at ! 5d ( yr #bjjf fiscal p]iod4 ,? is "kn z ! ..half-ye> rule on .sale4 ,y c use ! half-ye> rule on sale if1 at ! 5d ( yr #bjje fiscal p]iod1 y [n$ ! class #aj.a vehicle y 4pos$ ( 9 #bjjf4 ,if ? applies 6y1 5t] #ej@3p (! am.t f column #b 9 column #g4 ,column #h--,rate 7@3p7 ,9 ? column1 5t] ! rate = ea* class ( prop]ty 9 ,>ea ;,a4 ,= detail$ 9=m,n on c]ta9 k9ds ( prop]ty1 see 8,classes ( deprecia# prop]ty0 on ? page4 ,=a m -plete li/ ( classes & rates1 see ! *>t 8,,cca classes0 on page #ci4 #agg ,column #i--,,cca =! ye> b#ca ,9 column #i1 5t] ! ,,cca y *oose 6deduct = #bjjf4 ,! ,,cca y c deduct _c 2 m ?an ! am.t y get :5 y multiply ! am.t 9 column #g 0! rate 9 column #h4 ,y c deduct any am.t up 6! maximum4 ,if ? is yr f/ ye> ( busi;s1 y may h 6prorate yr ,,cca claim4 ,see 8,y 7 ask+80 on page #bh4 ,add up all ! am.ts 9 column #i4 ,5t] ! total on l9e #iicf1 8,capital co/ all[.e10 on ,=m ,t#babd or ,=m ,t#bjcb4 ,6f9d \ h[ 6calculate yr ,,cca claim if y >e us+ ! prop]ty bo? = busi;s & p]sonal use1 see 8,p]sonal use ( prop]ty0 on page #cc4 ,column #aj--,,ucc at ! 5d (! ye> ,? is ! undepreciat$ capital co/ 7,,ucc7 at ! 5d ( yr #bjjf fiscal p]iod4 #agh ,*apt] #d c#ca ,? is ! am.t y w 5t] 9 column #b :5 y calculate yr ,,cca claim next ye>4 ,5t] 8#j0 9 column #aj if y h a t]m9al loss or a recapture ( ,,cca4 ,"! w n 2 an am.t 9 column #aj =a class #aj.a pass5g] vehicle y 4pose ( 9 ! ye>4 ,classes ( deprecia# prop]ty ,9 ? "p1 we 4cuss ! m -mon types ( deprecia# prop]ties4 ,we li/ mo/ (! classes & _! rates 9 ! *>t 8,,cca classes0 on page #ci4 ,build+s ,a build+ may 2l;g 6class #a1 #c1 or #f1 dep5d+ on :at ! build+ is made (&! date y acquir$ x4 ,y al 9clude 9 ^! classes ! "ps t make up ! build+1 s* z3 --electric wir+2 --liea ;,c & ,>ea ;,a4 ,5t] on l9e #iibc ( ,=m ,t#babd or ,=m ,t#bjcb ! co/ ( all l& a4i;ns 9 #bjjf4 ,= m details1 see 8,>ea ;,f--,details ( l& a4i;ns & 4posi;ns 9 ! ye>0 on page #bi & 8,column #c--,co/ ( a4i;ns 9 ! ye>0 al on page #bi4 ,class #a 7#d@3p7 ,class #a 9cludes mo/ build+s acquir$ af #aihg1 un.s !y specific,y 2l;g 9 ano!r class4 ,class #a al 9cludes #ahj ,*apt] #d e#ca ! co/ ( c]ta9 a4i;ns or alt],ns y made af #aihg 6a class #c build+4 ,= m 9=m,n1 see 8,class #c 7#e@3p7 2l40 ,class #c 7#e@3p7 ,mo/ build+s acquir$ 2f #aihh 7 a4$ 6class #c or class #f4 ,if y acquir$ a build+ 2f #aiij t does n fall 96class #f1 y c 9clude x 9 class #c if ."o (! foll[+ applies3 --,y acquir$ ! build+ "u ! t]ms (a writt5 agree;t 5t]$ 962f ,june #ah1 #aihg4 --,! build+ 0 "u 3/ruc;n 0y or = y on ,june #ah1 #aihg4 ,d n transf] prop]ty y previ\sly 9clud$ 9 class #c 6class #a4 ,h["e1 9clude 9 class #a ! co/ ( any a4i;ns or alt],ns made af #aihg 6a class #c build+ t exce$s ! .less] (! foll[+ two am.ts3 --4#ejj1jjj2 or --#be@3p (! build+'s capital co/ 79clud+ ! co/ ( a4i;ns or #aha ,*apt] #d f#ca alt],ns 6! build+ 9clud$ 9 class #c1 class #f1 or class #bj 2f #aihh74 -------------------------------------#cb ,class #f 7#aj@3p7 ,9clude a build+ 9 class #f if y acquir$ x 2f #aihh & x is made ( frame1 log1 /u3o on frame1 galvaniz$ iron1 or corrugat$ iron4 ,if y acquir$ ! build+ af #aihg1 x has 6be made ( frame1 log1 /u3o on frame1 galvaniz$ iron1 or any corrugat$ metal4 ,9 a4i;n1 ."o (! foll[+ 3di;ns has 6apply3 --,! build+ is us$ = f>m+ or fi%+4 --,! build+ has no foot+s or o!r base supports 2l gr.d level4 ,if ei (! abv 3di;ns applies1 y al add ! full co/ ( all a4i;ns & alt],ns 6! build+ 6class #f4 ,if nei (! abv 3di;ns applies1 9clude ! build+ 9 class #f if ."o (! foll[+ 3di;ns applies3 #ahb ,*apt] #d a#cb --,y acquir$ ! build+ 2f #aigi4 --,y 5t]$ 96a writt5 agree;t 2f #aigi 6acquire ! build+1 & foot+s or o!r base supports (! build+ 7 />t$ 2f #aigi4 --,y />t$ 3/ruc;n (! build+ 2f #aigi 7or x 0 />t$ "u ! t]ms (a writt5 agree;t y 5t]$ 962f #aigi71 & foot+s or o!r base supports (! build+ 7 />t$ 2f #aigi4 ,= a4i;ns or alt],ns 6s* a build+3 --,add 6class #f3 --all a4i;ns made 2f #aigi2 & --only ! f/ 4#ajj1jjj ( a4i;ns or alt],ns made af #aigh4 --,add 6class #c3 --! "p (! co/ ( all a4i;ns or alt],ns abv 4#ajj1jjj made af #aigh & 2f #aihh2 & --! "p (! co/ ( a4i;ns or alt],ns abv 4#ajj1jjj made af #aihg1 b #ahc ,*apt] #d b#cb only up 64#ejj1jjj or #be@3p (! co/ (! build+1 :i*"e is less4 --,add 6class #a any a4i;ns or alt],ns abv ^! limits4 ,if y ne$ m 9=m,n1 see ,9t]pret,n ,bullet9 ,,it-#gi1 ,capital ,co/ ,all[.e --,build+s or ,o!r ,/ructures4 ,o!r prop]ty--,class #h 7#bj@3p7 ,class #h 9cludes prop]ty t is n 9clud$ 9 any o!r class4 ,= example1 furniture1 appli.es1 fixtures1 ma*9]y1 & equip;t y use 9 yr busi;s >e all 9 ? class4 #ahd ,electronic (fice equip;t c#cb & ,data net"w 9fra/ructure equip;t--,class #h 7#bj@3p71 ,class #aj 7#cj@3p71 ,class #df 7#cj@3p7 & ,class #de 7#de@3p7 ,c]ta9 types ( -put] equip;t & (fice equip;t c 2come obsolete 2f y c fully deduct _! co/ = 9come tax purposes4 ,= s* prop]ty )a co/ ( 4#a1jjj or m acquir$ af ,april #bf1 #aiic1 & 2f #bjje y c elect 69clude x 9 a sep>ate class4 ,! ,,cca rate w n *ange b a sep>ate ,,cca deduc;n c n[ 2 calculat$ =a five-ye> p]iod4 ,:5 all ! prop]ty 9 ! class is 4pos$ (1 ! undepreciat$ capital co/ 7,,ucc7 is fully deducti# z a t]m9al loss4 ,any ,,ucc bal.e rema9+ 9 ! sep>ate class at ! 5d (! fif? ye> has 6be transf]r$ back 6! g5]al class 9 : x wd o!rwise 2l;g4 ,6make ? elec;n1 atta* a lr 6yr 9come tax return =! tax ye> 9 : y acquir$ ! prop]ty4 #ahe ,*apt] #d d#cb ,! ,,cca rate = ..-put] equip;t 7& sy/ems .s(tw>e7 acquir$ af ,m>* #bb1 #bjjd1 has 9cr1s$ f #cj@3p 6#de@3p & w 2 9clud$ 9 new class #de4 ,! curr5t rule all[+ a sep>ate class elec;n is n availa# = equip;t t qualifies =! #de@3p rate4 ,h["e1 y may elect 6h ! curr5t rule apply = equip;t acquir$ 2f #bjje4 ..,data net"w 9fra/ructure .equip;t acquir$ af ,m>* #bb1 #bjjd 7usu,y 9clud$ 9 class #h at #bj@3p7 w 2 9clud$ 9 a new class #df )a #cj@3p ,,cca rate4 ,pass5g] vehicles--,class #aj.a 7#cj@3p7 ,yr pass5g] vehicle c 2l;g 6ei class #aj or class #aj.a4 ,we def9e a .pass5g] .vehicle on page #ag4 ,9clude yr pass5g] vehicle 9 class #aj un.s x meets a class #aj.a 3di;n4 ,li/ ea* class #aj.a vehicle sep>ately4 ,9clude yr pass5g] vehicle 9 class #aj.a if y b"\ x 9 #bjjf or #bjje #ahf ,*apt] #d e#cb & x co/ m ?an 4#cj1jjj4 ,we 3sid] ! capital co/ ( t vehicle 6be 4#cj1jjj plus ! relat$ ,,gst & ,,pst or ,,hst4 ,! 4#cj1jjj am.t is ! capital co/ limit =a pass5g] vehicle4 ,h["e1 6det]m9e ! class 6: yr pass5g] vehicle 2l;gs1 y h 6use ! co/ (! vehicle 2f y add ,,gst & ,,pst or ,,hst4 ,example ,k>im [ns a sport+ gds retail busi;s4 ,on ,july #ba1 #bjjf1 he b"\ two pass5g] vehicles 6use 9 8 busi;s4 ,! ,,pst rate = 8 prov9ce is #h@3p4 ,k>im not$ ^! details = #bjjf3 ,transcrib]'s note3 7,! foll[+ is set up 9 f\r columns3 ,column #a3 ,co/ ,column #b3 ,,gst ,column #c3 ,,pst ,column #d3 ,total7 #ahg ,*apt] #d f#cb ,vehicle #a ,co/ 4#cc1jjj ,,gst 4#a1ihj ,,pst 4#b1fdj ,total 4#cg1fbj ,vehicle #b ,co/ 4#bh1jjj ,,gst 4#a1fhj ,,pst 4#b1bdj ,total 4#ca1ibj ,k>im puts ,vehicle #a 9 class #aj.a1 s9ce he b"\ x 9 #bjjf & x co/ hm m ?an 4#cj1jjj4 ,2f ,k>im 5t]s an am.t 9 column #c ( ,>ea ;,b1 he has 6calculate ! ,,gst & ,,pst on 4#cj1jjj4 ,he does ? z foll[s3 --,,gst at #f@3p ( 4#cj1jjj equals 4#a1hjj2 & --,,pst at #h@3p ( 4#cj1jjj equals 4#b1djj4 #ahh ,*apt] #d g#cb ,"!=e1 ,k>im's capital co/ is 4#cd1bjj 74#cj1jjj plus 4#a1hjj plus 4#b1djj74 ,he 5t]s ? am.t 9 column #c ( ,>ea ;,b4 ,k>im puts ,vehicle #b 96class #aj1 s9ce he b"\ x 9 #bjjf & x did n co/ hm m ?an 4#cj1jjj4 ,k>im's capital co/ is 4#ca1ibj 74#bh1jjj plus 4#a1fhj plus 4#b1bdj74 ,he 5t]s ? am.t 9 column #c ( ,>ea ;,b4 -------------------------------------#cc ,note ,! ,,gst rate is #f@3p1 & we us$ a ,,pst rate ( #h@3p = ? example4 ,use ! appropriate ,,pst rate = yr prov9ce or t]ritory4 ,9 ! "picipat+ prov9ces1 use ,,hst4 ,= m 9=m,n on ,,hst1 see ! ,,rc#djbb1 ,g5]al ,9=m,n = ,,gst/,,hst ,regi/rants guide4 #ahi ,small tools--,class #ab a#cc 7#ajj@3p7 ,y c deduct ! full am.t (a tool t co/ "u 4#bjj 0putt+ x 9 class #ab4 ,! ,,cca rate = items 9 ? class is #ajj@3p4 ,if ! tool co/ y 4#bjj or m1 add ! co/ 6class #h on yr ,,cca s*$ule ( ,=m ,t#babd or ,=m ,t#bjcb4 ,/>t \tl9e ,"u propos$ legisl,n1 ! co/ limit = a3ess 6! ,class #ab 7#ajj@3p7 tr1t;t is 9cr1s$ 64#ejj f 4#bjj = tools acquir$ on or af ,may #b1 #bjjf4 ,m$ical or d5tal 9/ru;ts & kit*5 ut5sils "u ,class #ab w 2 9cr1s$ 64#ejj f 4#bjj = s* ut5sils & 9/ru;ts acquir$ on or af ,may #b1 #bjjf4 ,tools eligi# "u ? class specific,y exclude electronic -munic,n devices & electronic data process+ equip;t4 ,5d \tl9e #aij ,special situ,ns b#cc ,p]sonal use ( prop]ty ,if y buy prop]ty = bo? busi;s & p]sonal use1 y c %[ ! busi;s "p (! prop]ty 9 ,>ea ;,b or ,>ea ;,c 9 two ways3 --,if yr busi;s use /ays ! same f ye> 6ye>1 5t] 9 ,>ea ;,b or ,>ea ;,c ! total co/ (! prop]ty 9 column #c1 ! p]sonal "p 9 column #d1 &! busi;s por;n 9 column #e4 ,5t] 9 column #c ( ,>ea ;,a ! am.t f column #e 6calculate ! ,,cca y c claim4 --,if yr busi;s use *anges f ye> 6ye>1 5t] 9 ,>ea ;,b or ,>ea ;,c ! total co/ (! prop]ty 9 column #c & column #e1 & 5t] 8#j0 9 column #d4 ,5t] 9 column #c ( ,>ea ;,a ! am.t f column #e 6calculate ! ,,cca y c claim4 ,:5 y claim ,,cca1 y w h 6calculate ! all[a# "p y c claim = busi;s use4 #aia ,*apt] #d c#cc ,! ,,cca calculat$ =! busi;s use (a "w space 9 yr home 9 ,>ea ;,a ( ,=m ,t#babd or ,=m ,t#bjcb m/ 2 report$ on ! *>t 8,calcul,n ( busi;s-use-(-home exp5ses0 on page #b (! =m us$4 ,? ,,cca m/ 2 subtract$ f ! total am.t (! ,,cca =! ye> calculat$ 9 ,>ea ;,a & m/ n 2 9clud$ on l9e #iicf1 8,capital co/ all[.e10 on page #a ( ,=m ,t#babd & ,=m ,t#bjcb4 ,example ,nadir [ns a f9ancial 3sult+ busi;s4 ,he b"\ a c> 9 #bjjf = p]sonal & busi;s use4 ,! c> co/ 4#bj1jjj1 9clud+ all *>ges & taxes4 ,"!=e1 he 9cludes ! c> 9 class #aj4 ,8 busi;s use v>ies f ye> 6ye>4 ,he calculates 8 ,,cca on ! c> = #bjjf z foll[s3 ,he 5t]s 4#bj1jjj 9 column #c & column #e ( ,>ea ;,b4 ,nadir al 5t]s 4#bj1jjj 9 column #c ( ,>ea ;,a4 ,0-plet+ ! o!r columns 9 ! *>t1 he calculates a ,,cca claim ( 4#c1jjj4 ,2c ,nadir us$ #aib ,*apt] #d d#cc 8 c> "ply = p]sonal use1 he calculates 8 ,,cca claim z foll[s3 #ab1jjj 7busi;s kilometres7 divid$ 0#ah1jjj 7total kilometres7 multipli$ 04#c1jjj equals 4#b1jjj ,nadir 5t]s 4#b1jjj on l9e #iicf1 8,capital co/ all[.e10 on 8 ,=m ,t#babd4 ,note ,! capital co/ limits on a class #aj.a vehicle 7a pass5g] vehicle7 / apply :5 y split ! capital co/ 2t busi;s & p]sonal use4 ,= m details1 see 8,pass5g] vehicles--,class #aj.a 7#cj@3p7 on page #cb4 ,*ang+ f p]sonal 6busi;s use ,if y b"\ a prop]ty = p]sonal use & />t$ us+ x 9 yr busi;s 9 yr #bjjf fiscal p]iod1 "! is a *ange 9 use4 ,y #aic ,*apt] #d e#cc ne$ 6det]m9e ! capital co/ = busi;s purposes4 ,! fair m>ket value 7,,fmv7 (a deprecia# prop]ty is less ?an xs orig9al co/ :5 y *ange xs use1 ! am.t y put 9 column #c ( ,>ea ;,b or ;,c is ! ,,fmv (! prop]ty 7exclud+ ! l& value if ! prop]ty is l& &a build+74 ,if ! ,,fmv is m ?an ! orig9al co/ (! prop]ty 7exclud+ ! l& value if ! prop]ty is l& &a build+7 :5 y *ange use1 use ! foll[+ *>t 6det]m9e ! am.t 65t] 9 column #c ( ,>ea ;,b or ;,c4 ,:5 y />t 6use yr prop]ty = busi;s use1 y >e 3sid]$ 6h 4pos$ ( x4 ,if ! ,,fmv (! prop]ty is grt] ?an xs co/1 y may h a capital ga94 ,see ! ,t#djcg1 ,capital ,ga9s guide1 = an explan,n ( capital ga9s4 #aid ,capital ,co/ ,calcul,n #cd 7#a7 ,actual co/ (! prop]ty """"""""""""""""""""""" 4#---- 7#b7 ,,fmv (! prop]ty """" 4#---- 7#c7 ,am.t on l9e #a """"" 4#---- 7#d7 ,l9e #b .m9us l9e #c 7if negative1 5t] 8#j07 4#---- 7#e7 ,5t] any capital ga9s deduc;n claim$ =! am.t on l9e #d 99 4#---- "ts #b """"""""""""""""""""" 4#---- 7#f7 ,l9e #d .m9us l9e #e 7if negative1 5t] 8#j07 4#---- "ts "o-half """""""""""" 4#---- 7#g7 .,capital .co/3 l9e #a .plus l9e #f """""""""""""""""" 4#---- 99 ,5t] ! am.t t relates 6! deprecia# prop]ty only4 ,note ,we 3sid] t y acquire ! l& = an am.t equal 6xs ,,fmv :5 y *ange xs use4 ,9clude ? am.t on l9e #iibc10 #aie ,*apt] #d a#cd ,total co/ ( all l& a4i;ns 9 ! ye>10 9 ,>ea ;,f4 ,grants1 subsidies1 or o!r 9c5tives or 9duce;ts ,y may get a grant or subsidy f a gov]n;t or a gov]n;t ag5cy 6buy deprecia# prop]ty4 ,:5 ? happ5s1 subtract ! am.t (! grant f ! prop]ty's capital co/4 ,d ? 2f y 5t] ! capital co/ 9 column #c ( ,>ea ;,b or ;,c4 ,y may h pd ,,gst/,,hst on "s (! deprecia# prop]ty y acquir$ = yr busi;s4 ,if s1 y may h al rcvd an 9put tax cr$it f u4 ,! 9put tax cr$it is gov]n;t assi/.e4 ,"!=e1 subtract x f ! prop]ty's capital co/4 ,d ? 2f y 5t] ! capital co/ 9 column #c ( ,>ea ;,b or ,>ea ;,c1 :i*"e applies4 ,if y rcv an 9put tax cr$it =a pass5g] vehicle y use 9 yr busi;s1 use ."o ( ^! me?ods3 #aif ,*apt] #d b#cd --,=a pass5g] vehicle y use .#ij@3p .or .m = yr busi;s1 subtract ! am.t (! cr$it f ! vehicle's co/ 2f y 5t] xs capital co/ 9 column #c ( ,>ea ;,c4 --,=a pass5g] vehicle y use .less .?an .#ij@3p = yr busi;s1 d n make an adju/;t 9 #bjjf4 ,9 #bjjg1 subtract ! am.t (! cr$it f yr 2g9n+ ,,ucc4 ,y may get an 9c5tive f a non-gov]n;t ag5cy 6buy deprecia# prop]ty4 ,if ? happ5s1 y c ei 9clude ! am.t 9 9come or subtract ! am.t f ! capital co/ (! prop]ty4 ,= m details ab gov]n;t assi/.e1 see ,9t]pret,n ,bullet9 ,,it-#bgc1 ,gov]n;t ,assi/.e--,g5]al ,-;ts4 ,non->m's l5g? transac;ns ,:5 y acquire prop]ty 9 a non->m's l5g? transac;n1 "! >e special rules 6foll[ 6det]m9e ! prop]ty's co/4 #aig ,*apt] #d c#cd ,^! special rules d n apply if y get ! prop]ty 2c ( "s"o's d1?4 ,y c acquire deprecia# prop]ty 9 a non->m's l5g? transac;n f an 9dividual resid5t 9 ,canada1 a "pn]%ip ) at l1/ "o "pn] :o is an 9dividual resid5t 9 ,canada1 or a "pn]%ip ) at l1/ "o "pn] t is ano!r "pn]%ip4 ,if y pay m =! prop]ty ?an ! sell] pd =! same prop]ty1 calculate ! co/ z foll[s3 ,capital ,co/ ,calcul,n 7#a7 ,! sell]'s co/ or capital co/ """"""""""""""""""" 4#---- 7#b7 ,! sell]'s proce$s ( 4posi;n """""""""""""""" 4#---- 7#c7 ,am.t f l9e #a """""" 4#---- 7#d7 ,l9e #b .m9us l9e #c 7if negative1 5t] 8#j07 4#---- 7#e7 ,5t] any capital ga9s deduc;n claim$ =! am.t on l9e #d 4#---- "ts #b 4#---- #aih ,*apt] #d d#cd 7#f7 ,l9e #d .m9us l9e #e 7if negative1 5t] 8#j07 4#---- "ts "o-half """""""""""" 4#---- 7#g7 .,capital .co/3 l9e #a .plus l9e #f """"""""""""""" 4#---- ,5t] ? am.t 9 column #c ( ei ,>ea ;,b or ,>ea ;,c1 :i*"e applies4 ,d n 9clude ! co/ (! relat$ l&1 : y h 69clude on l9e #iibc1 8,total co/ ( all l& a4i;ns 9 ! ye>10 9 ,>ea ;,f4 ,y c al buy deprecia# prop]ty 9 a non- >m's l5g? transac;n f a corpor,n or f an 9dividual :o is n resid5t 9 ,canada1 or a "pn]%ip ) no "pn]s :o >e 9dividuals resid5t 9 ,canada or ) no "pn]s t >e o!r "pn]%ips4 ,if y pay m =a prop]ty ?an ! sell] pd = x1 calculate ! capital co/ z foll[s3 #aii ,capital ,co/ ,calcul,n e#cd 7#a7 ,! sell]'s co/ or capital co/ """"""""""""""""""" 4#---- 7#b7 ,! sell]'s proce$s ( 4posi;n """""""""""""""" 4#---- 7#c7 ,am.t f l9e #a """""" 4#---- 7#d7 ,l9e #b .m9us l9e #c 7if negative1 5t] 8#j07 4#---- "ts "o-half """""""""""" 4#---- 7#e7 .,capital .co/ l9e #a .plus l9e #d """""""""""""""""" 4#---- ,5t] ? am.t 9 column #c ( ei ,>ea ;,b or ,>ea ;,c1 :i*"e applies4 ,d n 9clude ! co/ (! relat$ l&1 : y h 69clude on l9e #iibc1 8,total co/ ( all l& a4i;ns 9 ! ye>10 9 ,>ea ;,f4 -------------------------------------#ce ,if y buy deprecia# prop]ty 9 a non- >m's l5g? transac;n & pay less = x ?an ! sell] pd1 yr capital co/ is ! same am.t z ! sell] pd4 ,we 3sid] y 6h deduct$ z ,,cca ! di6];e 2t :at y pd & :at ! sell] pd4 #bjj ,*apt] #d a#ce ,example ,ra*el b"\ a pickup truck f h] "f1 ,m>cus1 9 h] #bjjf fiscal p]iod = 4#d1jjj4 ,m>cus pd 4#aj1jjj =! truck 9 #bjja4 ,s9ce ! am.t ,ra*el pd is less ?an ! am.t ,m>cus pd1 we 3sid] ,ra*el's co/ 6be 4#aj1jjj4 ,we al 3sid] t ,ra*el has deduct$ ,,cca ( 4#f1jjj 9 ! pa/ 74#aj1jjj m9us 4#d1jjj74 ,ra*el -pletes ! ,,cca *>t z foll[s3 --,in ,>ea ;,b1 %e 5t]s 4#aj1jjj 9 column #c1 8,total co/40 --,in ,>ea ;,a1 %e 5t]s 4#d1jjj 9 column #c1 8,co/ ( a4i;ns 9 ! ye>10 z ! a4i;n = h] #bjjf fiscal p]iod4 ,"! is a limit on ! co/ (a pass5g] vehicle y buy 9 a non->m's l5g? transac;n4 ,! co/ is ! .less] (! foll[+ ?ree am.ts3 #bja ,*apt] #d b#ce --! ,,fmv :5 y buy x2 --4#cj1jjj plus ,,gst & ,,pst1 or ,,hst y wd pay on 4#cj1jjj1 if y b"\ x 9 #bjjf1 #bjje2 or --! sell]'s co/ am.t (! vehicle :5 y buy x4 ,! co/ am.t c v>y1 dep5d+ on :at ! sell] us$ ! vehicle = 2f y b"\ x4 ,if ! sell] us$ ! vehicle 6e>n 9come1 ! co/ am.t w 2 ! ,,ucc (! vehicle :5 y buy x4 ,if ! sell] did n use ! vehicle 6e>n 9come1 ! co/ am.t w usu,y 2 ! orig9al co/ (! vehicle4 ,= m details on non->m's l5g? transac;ns1 see ,9t]pret,n ,bullet9 ,,it-#dai1 ,m1n+ ( ,>m's ,l5g?4 ,capital ga9s ,if y sell a prop]ty = m ?an x co/1 y may h a capital ga94 ,li/ ! 4posi;ns ( all yr prop]ties on ,s*$ule #c1 ,capital ,ga9s 7or ,losses7 9 #bjjf4 #bjb ,*apt] #d c#ce ,y w f9d a copy ( ? s*$ule 9 yr ,g5]al ,9come ,tax & ,b5efit ,guide package4 ,= details on h[ 6calculate yr taxa# capital ga91 see ! ,t#djcg1 ,capital ,ga9s guide4 ,y may 2 a "pn] 9 a "pn]%ip t gives y a ,t#ejac slip1 ,/ate;t ( ,"pn]%ip ,9come4 ,if ! "pn]%ip has a capital ga91 x w allocate "p ( t ga9 6y4 ,! ga9 w %[ on ! "pn]%ip's f9ancial /ate;ts or on yr ,t#ejac slip4 ,note ,y _c h a capital loss :5 y sell deprecia# prop]ty4 ,h["e1 y may h a t]m9al loss4 ,= an explan,n ( t]m9al losses1 see 8,column #e--,,ucc af a4i;ns & 4posi;ns0 on page #cj4 ,special rules = 4pos+ (a build+ 9 ! ye> ,if y 4pos$ (a build+ 9 ! ye>1 special rules may apply t make ! proce$s #bjc ,*apt] #d d#ce ( 4posi;n an am.t o!r ?an ! actual proce$s ( 4posi;n4 ,? happ5s :5 y meet .bo? (! foll[+ 3di;ns3 --y 4pos$ (! build+ = an am.t less ?an bo? xs co/ am.t1 z calculat$ 2l1 & xs capital co/ 6y2 & --y1 or a p]son ) :om y d n d1l at >m's l5g? 7see ! def9i;n on page #bg71 [n$ ! l& t ! build+ is on1 or ! l& next 6x1 : 0 nec =! build+'s use4 ,6calculate ! co/ am.t3 --,if ! build+ 0 ! only prop]ty 9 ! class1 ! co/ am.t is ! undepreciat$ capital co/ 7,,ucc7 (! class 2f y 4pos$ (! build+4 --,if m ?an "o prop]ty is 9 ! same class1 y h 6calculate ! co/ am.t ( ea* build+ z foll[s3 capital co/ (! build+ divid$ 0capital co/ ( all prop]ty 9 ! class n previ\sly 4pos$ ( #bjd ,*apt] #d e#ce multipli$ 0,,ucc (! class equals co/ am.t (! build+ ,note ,if any prop]ty 9 ! class (! build+ t 0 acquir$ at non->m's l5g? 0 previ\sly us$ =a purpose o!r ?an ga9+ or produc+ 9come1 or if ! "p (a prop]ty us$ = ga9+ or produc+ 9come has *ang$1 ! capital co/ ( s* prop]ty has 6be recalculat$ 6det]m9e ! co/ am.t (! prop]ty4 ,if y 4pos$ (a build+ "u ^! 3di;ns1 & y or a p]son ) :om y d n d1l at >m's l5g? 4pos$ (! l& 9 ! same ye>1 calculate yr deem$ proce$s ( 4posi;n z %[n 9 ,calcul,n ;,a on ! next page4 ,if y1 or a p]son ) :om y d n d1l at >m's l5g?1 did n 4pose (! l& 9 ! same ye> z ! build+1 calculate yr deem$ proce$s ( 4posi;n z %[n 9 ,calcul,n ;,b on ! next page4 #bje ,calcul,n ;,a--,l& & build+ #cf sold 9 ! same ye> 7#a7 ,,fmv (! build+ :5 y 4pos$ ( x """"""""""""""""""""" 4#---- 7#b7 ,,fmv (! l& j 2f y 4pos$ ( x """"""""""""""""""""" 4#---- 7#c7 ,l9e #a plus l9e #b """""""" 4#---- 7#d7 ,sell]'s adju/$ co/ base (! l& """"""""""""" 4#---- 7#e7 ,total capital ga9s 7)\t res]ves7 f any 4posi;n (! l& 7s* z a *ange 9 use7 9 ! ?ree- ye> p]iod 2f y 4pos$ (! build+ 7by y1 or a p]son n d1l+ at >m's l5g? ) y1 6y or 6ano!r p]son n d1l+ at >m's l5g? ) y7 4#---- 7#f7 ,l9e #d m9us l9e #e 7if negative1 5t] 8#j07 4#---- 7#g7 ,l9e #b or l9e #f1 :i*"e am.t is less """""""""""" 4#---- #bjf ,*apt] #d a#cf 7#h7 ,l9e #c m9us l9e #g 7if negative1 5t] 8#j07 """"""" 4#---- 7#i7 ,co/ am.t (! build+ j 2f y 4pos$ ( x """"""""" 4#---- 7#aj7 ,capital co/ (! build+ j 2f y 4pos$ ( x 4#---- 7#aa7 ,l9e #i or l9e #aj1 :i*"e am.t is less """"" 4#---- 7#ab7 ,l9e #a or l9e #aa1 :i*"e am.t is m """"""""""""""" 4#---- ,deem$ proce$s ( 4posi;n =! build+ 7#ac7 ,l9e #h or l9e #ab1 :i*"e am.t is less 75t] ? am.t 9 column #c ( ,>ea ;,e & 9 column #d ( ,>ea ;,a on ei ,=m ,t#babd or ,=m ,t#bjcb7 """"""" 4#---- #bjg ,*apt] #d b#cf ,deem$ proce$s ( 4posi;n =! l& 7#ad7 ,proce$s ( 4posi;n (! l& & build+ """""""""""""""" 4#---- 7#ae7 ,am.t f l9e #ac """"""""""" 4#---- 7#af7 ,l9e #ad m9us l9e #ae 79clude ? am.t on l9e #iibd ( ,>ea ;,f on ei =m7 """""""""""""""""""""""" 4#---- ,if y h a t]m9al loss on ! build+1 9clude x on l9e #ibgj1 8,o!r exp5ses10 on ei =m4 ,calcul,n ;,b--,l& & build+ sold 9 di6]5t ye>s 7#a7 ,co/ am.t (! build+ j 2f y 4pos$ ( x """"""""" 4#---- 7#b7 ,,fmv (! build+ j 2f y 4pos$ ( x """""""""""" 4#---- 7#c7 ,l9e #a or l9e #b1 :i*"e am.t is m """"""""""""""" 4#---- #bjh ,*apt] #d c#cf 7#d7 ,actual proce$s ( 4posi;n1 if any """"""""""""""" 4#---- 7#e7 ,l9e #c m9us l9e #d """""""" 4#---- 7#f7 ,l9e #e 4#---- "ts "o-half """"""""""""""""""""""" 4#---- 7#g7 ,am.t f l9e #d """"""""""""" 4#---- ,deem$ proce$s ( 4posi;n =! build+ 7#h7 ,l9e #f plus l9e #g 75t] ? am.t 9 column #c ( ,>ea ;,e & 9 column #d ( ,>ea ;,a7 """"""""""""""""""" 4#---- ,if y h a t]m9al loss on ! build+1 9clude x on l9e #ibgj1 8,o!r exp5ses10 on ei ,=m ,t#babd or ,=m ,t#bjcb4 ,ord9>ily1 y c deduct ! full am.t (a t]m9al loss b only "p (a capital loss4 ,calcul,n ;,b 5sures t y use ! same factor 6calculate a t]m9al loss on a build+ z y use 6calculate a capital loss on l&4 #bji ,*apt] #d d#cf ,z a result ( ? calcul,n1 y add "p (! am.t on l9e #e 6! actual proce$s ( 4posi;n f ! build+ 7see 8,t]m9al loss0 on page #cj74 -------------------------------------#cg ,replace;t prop]ty ,9 a few cases1 y c po/p"o or def] a4+ a capital ga9 or recapture ( ,,cca 69come4 ,y mi "o1 or yr prop]ty mi "o4 ,y c def] tax on ! sale proce$s : y re9ve/ 9 replace;t prop]ty )9 a r1sona# p]iod ( "t4 ,6def] report+ ! capital ga9 or recapture ( ,,cca1 y m/ acquire & y1 or a p]son relat$ 6y1 m/ use ! new prop]ty =! same or simil> purpose z ! "o t y >e replac+4 ,if y ne$ m details1 see ,9t]pret,n ,bullet9 ,,it-#bei1 ,ex*ange ( ,prop]ty1 & ,9t]pret,n ,bullet9 ,,it-#dia1 ,=m] ,busi;s ,prop]ty1 & xs ,special ,rel1se4 #baj ,*apt] #d a#cg ,y c al def] a capital ga9 or recapture ( ,,cca :5 y transf] prop]ty 6a corpor,n or a "pn]%ip4 ,= m 9=m,n1 see3 --,9=m,n ,circul> #gf-ai1 ,transf] ( ,prop]ty 6a ,corpor,n ,"u ,sec;n #he2 --,9t]pret,n ,bullet9 ,,it-#bia1 ,transf] ( ,prop]ty 6a ,corpor,n ,"u ,subsec;n #he7#a72 --,9t]pret,n ,bullet9 ,,it-#cgh1 ,w9d+-up (a ,"pn]%ip2 & --,9t]pret,n ,bullet9 ,,it-#dac1 ,elec;n 0,memb]s (a ,"pn]%ip ,"u ,subsec;n #ig7#b74 ,! foll[+ example summ>izes ? *apt]4 ,example ,:5 ,ca?y b"\ h] new c> 9 ,may #bjjf1 x co/ 4#af1jjj 9clud+ all *>ges & taxes4 ,"!=e1 %e 9cludes ! c> 9 class #aj4 ,%e 0 all[$ a 4#a1jjj cr$it :5 %e trad$ 9 h] old c> 7: 0 al 9 class #aj74 ,h] ,,ucc on ! old c> at #baa ,*apt] #d b#cg ! />t ( #bjjf 0 4#a1jjj4 ,ca?y "ks t h] p]sonal use (! c> w v>y ea* ye>4 ,ca?y has a desk1 calculator1 fil+ cab9ets1 & %elves 9 h] /ore4 ,^! >e class #h deprecia# prop]ties4 ,! ,,ucc ( ^! prop]ties at ! />t ( #bjjf is 4#e1jjj4 ,%e did n buy any class #h prop]ties 9 #bjjf4 -------------------------------------#ch ,"!=e1 %e -pletes ,=m ,t#babd z foll[s3 ,>ea ;,a--,calcul,n ( capital co/ all[.e claim ,transcrib]'s note3 7,! foll[+ is set up 9 t5 columns3 7#a7 ,class numb] 7#b7 ,undepreciat$ capital co/ 7,,ucc7 at ! />t (! ye> 7#c7 ,co/ ( a4i;ns 9 ! ye> 7see ,>1s ;,b & ;,c 2l7 #bab ,*apt] #d a#ch 7#d7 ,proce$s ( 4posi;ns 9 ! ye> 7see ,>1s ;,d & ;,e 2l7 7#e7 99 ,,ucc af a4i;ns & 4posi;ns 7col4 #b plus col4 #c m9us col4 #d7 7#f7 ,adju/;t = curr5t ye> a4i;ns 7"o- half multipli$ by 7col4 #c m9us col4 #d774 ,if negative1 5t] 8#j0 7#g7 ,base am.t = capital co/ all[.e 7col4 #e m9us col4 #f7 7#h7 ,rate @3p 7#i7 ,,cca =! ye> 7col4 #g multipli$ 0col4 #h1 or an adju/$ am.t7 7#aj7 ,,ucc at ! 5d (! ye> 7col4 #e m9us col4 #i7 ,note t only ! columns ) 9=m,n w 2 9dicat$47 7#a7 ,class numb] #aj 7#b7 ,undepreciat$ capital co/ 7,,ucc7 at ! />t (! ye> 4#a1jjj 7#c7 ,co/ ( a4i;ns 9 ! ye> 7see ,>1s ;,b & ;,c 2l7 4#af1jjj #bac ,*apt] #d b#ch 7#d7 ,proce$s ( 4posi;ns 9 ! ye> 7see ,>1s ;,d & ;,e 2l7 4#a1jjj 7#e7 99 ,,ucc af a4i;ns & 4posi;ns 7col4 #b plus col4 #c m9us col4 #d7 4#af1jjj 7#f7 ,adju/;t = curr5t ye> a4i;ns 7"o- half multipli$ by 7col4 #c m9us col4 #d774 ,if negative1 5t] 8#j0 4#g1ejj 7#g7 ,base am.t = capital co/ all[.e 7col4 #e m9us col4 #f7 4#h1ejj 7#h7 ,rate #cj@3p 7#i7 ,,cca =! ye> 7col4 #g multipli$ 0col4 #h1 or an adju/$ am.t7 4#b1eej 7#aj7 ,,ucc at ! 5d (! ye> 7col4 #e m9us col4 #i7 4#ac1dej 7#a7 ,class numb] #h 7#b7 ,undepreciat$ capital co/ 7,,ucc7 at ! />t (! ye> 4#e1jjj 7#e7 99 ,,ucc af a4i;ns & 4posi;ns 7col4 #b plus col4 #c m9us col4 #d7 4#e1jjj 7#g7 ,base am.t = capital co/ all[.e 7col4 #e m9us col4 #f7 4#e1jjj 7#h7 ,rate #bj@3p #bad ,*apt] #d c#ch 7#i7 ,,cca =! ye> 7col4 #g multipli$ 0col4 #h1 or an adju/$ am.t7 4#a1jjj ,total ,,cca claim =! ye> 75t] ? am.t1 m9us any p]sonal "p & any ,,cca = busi;s-use-(-home exp5ses1 on l9e #iicf on page #a 99997 7add all am.ts 9 column #i7 4#c1eej 7#aj7 ,,ucc at ! 5d (! ye> 7col4 #e m9us col4 #i7 4#d1jjj 99 ,if y h a negative am.t 9 ? column1 add x 69come z a recapture on l9e #hbcj1 8,o!r 9come01 on page #a4 ,if no prop]ty is left 9 ! class & "! is a positive am.t 9 ! column1 deduct ! am.t f 9come z a t]ritorial loss on l9e #ibgj1 8,o!r exp5ses01 on page #a4 ,recapture & t]m9al loss d n apply 6a ,class #aj.a prop]ty4 ,= m 9=m,n1 r1d ,*apt] #d (! ,busi;s & ,profes.nal ,9come guide4 9999 ,,cca = 8,calcul,n ( busi;s-use-(- home exp5ses0 r1d ,*apt] #d--,special #bae ,*apt] #d d#ch ,situ,ns 9 ! ,busi;s & ,profes.nal ,9come guide4 ,>ea ;,b--,details ( equip;t a4i;ns 9 ! ye> ,transcrib]'s note3 7,! foll[+ is set up 9 five columns47 7#a7 ,class numb]3 #aj 7#b7 ,prop]ty details3 ,pass5g] ,vehicle 7#c7 ,total co/ 4#af1jjj 7#d7 ,p]sonal "p 7if applica#73 ,v>ies 7#e7 ,busi;s "p 7column #c m9us column #d7 4#af1jjj 7#iibe7 ,total equip;t a4i;ns 9 ! ye> 7add all am.ts 9 column #e7 4#af1jjj #baf ,>ea ;,d--,details ( e#ch equip;t 4posi;ns 9 ! ye> ,transcrib]'s note3 7,! foll[+ is set up 9 five columns47 7#a7 ,class numb]3 #aj 7#b7 ,prop]ty details3 ,pass5g] ,vehicle 7#c7 ,proce$s ( 4posi;n 7%d n 2 m ?an ! capital co/7 4#a1jjj 7#d7 ,p]sonal "p 7if applica#73 ,n/,a 7#e7 ,busi;s "p 7column #c m9us column #d7 4#a1jjj 7#iibf7 ,total equip;t 4posi;ns 9 ! ye> 7add all am.ts 9 column #e7 4#a1jjj ,note3 ,if y 4pos$ ( prop]ty f yr busi;s 9 ! ye>1 see ,*apt] #d 9 ! ,busi;s & ,profes.nal ,9come guide = 9=m,n ab yr proce$s ( 4posi;n4 ,s9ce ,ca?y us$ ! c> "ply = p]sonal use1 %e calculates ! am.t 69clude on l9e #iicf = h] c> z foll[s3 #bag ,*apt] #d f#ch #be1jjj 7busi;s kilometres7 divid$ 0#cj1jjj 7total kilometres7 multipli$ 04#b1eej equals 4#b1abe ,! mo/ t ,ca?y c claim = ,,cca = #bjjf is 4#b1abe = h] c> & 4#a1jjj =! class #h prop]ties4 ,%e wants 6claim ! mo/ ,,cca all[$ 6h] 9 #bjjf4 ,%e 5t]s 4#c1abe on l9e #iicf on ,=m ,t#babd4 -------------------------------------#ci ,,cca classes ,! foll[+ is a li/ ( -monly us$ assets 9 a busi;s4 ,transcrib]'s note3 7,! foll[+ is set up 9 ?ree columns3 ,column #a3 ,class ,column #b3 ,rate 7@3p7 ,column #c3 ,descrip;n7 #bah ,*apt] #d a#ci ,class3 #a ,rate 7@3p73 #d ,descrip;n3 ,mo/ build+s y b"\ af #aihg1 9clud+ -pon5ts s* z wir+1 plumb+1 h1t+1 & cool+ sy/ems4 ,class3 #c ,rate 7@3p73 #e ,descrip;n3 ,mo/ build+s 9clud+ -pon5ts t y b"\ af #aigh & 2f #aihh4 ,h["e1 y may h 69clude "p (! co/ ( a4i;ns made af #aihg 9 class #a4 ,= m details1 see ,9t]pret,n ,bullet9 ,,it-#gi1 ,capital ,co/ ,all[.e--,build+s or ,o!r ,/ructures4 ,class3 #f ,rate 7@3p73 #aj ,descrip;n3 ,frame1 log1 /u3o on frame1 galvaniz$ iron1 or corrugat$ metal build+s t d n h any foot+s 2l ! gr.d4 ,class #f al 9cludes f;es & gre5h\ses4 #bai ,*apt] #d b#ci ,class3 #g ,rate 7@3p73 #ae ,descrip;n3 ,canoes1 r[boats1 & mo/ o!r vessels & _! motors1 furniture1 & fitt+s4 ,= m details1 see ,9t]pret,n ,bullet9 ,,it-#bfg1 ,capital ,co/ ,all[.e--,vessels4 ,class3 #h ,rate 7@3p73 #bj ,descrip;n3 ,prop]ty t y did n 9clude 9 any o!r class4 ,"s examples >e fixtures1 furniture1 ma*9]y1 photocopi]s1 refrig],n equip;t1 teleph"os1 & tools co/+ 4#bjj or m4 ,class #h al 9cludes \tdoor adv]tis+ signs y b"\ af #aihg4 ,class3 #i ,rate 7@3p73 #be ,descrip;n3 ,aircraft1 9clud+ furniture or equip;t atta*$ 6! aircraft1 & sp>e "ps4 #bbj ,*apt] #d c#ci ,class3 #aj ,rate 7@3p73 #cj ,descrip;n3 ,automobiles1 except ^? y use z a taxi or 9 a daily r5tal busi;s1 9clud+ vans1 trucks1 tractors1 wagons1 & trail]s4 ,g5]al-purpose electronic data-process+ equip;t 7-monly call$ -put] h>dw>e7 & sy/ems s(tw>e acquir$ 2f ,m>* #bc1 #bjjd4 ,see al class #de4 ,class3 #aj.a ,rate 7@3p73 #cj ,descrip;n3 ,a pass5g] vehicle4 ,see page #cb =! capital co/ limits4 ,class3 #ab ,rate 7@3p73 #ajj ,descrip;n3 ,*9a1 cutl]y1 kit*5 ut5sils t co/ "u 4#bjj1 l951 uni=ms1 dies1 jigs1 m\lds1 cutt+ or %ap+ "ps (a ma*9e1 tools & m$ical or d5tal 9/ru;ts t co/ "u 4#bjj1 -put] s(tw>e 7except sy/ems s(tw>e71 & video #bba ,*apt] #d d#ci cassettes b"\ af ,febru>y #ae1 #aihd1 t y r5t & d n expect 6r5t 6any "o p]son = m ?an #g "ds 9 a #cj-"d p]iod4 ,"u propos$ legisl,n1 ! co/ limit w 2 9cr1s$ 64#ejj f 4#bjj = tools acquir$ on or af ,may #b1 #bjjf4 ,m$ical or d5tal 9/ru;ts & kit*5 ut5sils "u ,class #ab w 2 9cr1s$ 64#ejj f 4#bjj = s* ut5sils & 9/ru;ts acquir$ on or af ,may #b1 #bjjf4 ,tools eligi# "u ? class specific,y exclude electronic -munic,n devices & electronic data process+ equip;t4 ,class3 #ac ,descrip;n3 ,l1sehold 9t]e/--,y c claim ,,cca on a l1sehold 9t]e/1 b ! maximum rate dep5ds on ! type ( l1sehold 9t]e/ &! t]ms (! l1se4 #bbb ,*apt] #d e#ci ,class3 #ad ,descrip;n3 ,pat5ts1 fran*ises1 3ces.ns1 or lic;es =a limit$ p]iod4 ,yr ,,cca is :i*"e (! foll[+ am.ts is less3 --capital co/ (! prop]ty spr1d \ ov] ! life (! prop]ty2 or --,,ucc (! prop]ty ( t class at ! 5d (! tax,n ye>4 ,class3 #af ,rate 7@3p73 #dj ,descrip;n3 ,taxis1 vehicles y use 9 a daily c>-r5tal busi;s1 co9-op]at$ video games or p9ball ma*9es acquir$ af ,febru>y #ae1 #aihd1 & freie rat$ hi<] ?an #aa1ghh kilograms4 ,class3 #ag ,rate 7@3p73 #h ,descrip;n3 ,roads1 p>k+ lots1 sidewalks1 airplane runways1 /orage >1s1 or simil> surface 3/ruc;n4 #bbc ,*apt] #d f#ci ,class3 #bb ,rate 7@3p73 #ej ,descrip;n3 ,mo/ p[]-op]at$1 mova# equip;t y b"\ 2f #aihh t y use = excavat+1 mov+1 plac+1 or -pact+ e>?1 rock1 3crete1 or asphalt4 ,class3 #ch ,rate 7@3p73 #cj ,descrip;n3 ,mo/ p[]-op]at$1 mova# equip;t y b"\ af #aihg & use = excavat+1 mov+1 plac+1 or -pact+ e>?1 rock1 3crete1 or asphalt4 ,class3 #de ,rate 7@3p73 #de ,descrip;n3 ,-put] equip;t & sy/ems s(tw>e acquir$ af ,m>* #bb1 #bjjd4 ,! curr5t rule all[+ a sep>ate class elec;n is n availa# = equip;t t qualifies =! #de@3p rate4 ,h["e1 y may elect 6h ! curr5t rule apply = equip;t t is acquir$ 2f #bjje4 #bbd ,*apt] #d g#ci ,class3 #df ,rate 7@3p73 #cj ,descrip;n3 ,data net"w 9fra/ructure equip;t acquir$ af ,m>* #bb1 #bjjd 7usu,y 9clud$ 9 class #h74 ,note ,y c *oose 6keep an \tdoor adv]tis+ sign & any prop]ty y wd usu,y 9clude 9 class #ch 9 a sep>ate class4 ,6d ?1 atta* a lr 6yr 9come return =! ye> y b"\ ! prop]ty4 ,9 ! lr1 li/ ! prop]ties y >e 9clud+ 9 a sep>ate class4 -------------------------------------#dj ,summ>y ( ,*apt]s #b 6#d--,- plet$ ,=m ,t#babd ,9 ? sec;n1 we summ>ize \r 4cus.n ab 9come1 exp5ses1 & capital co/ all[.e1 0%[+ y :at ! -plet$ ,=m ,t#babd wd look l = ,ca?y's busi;s & recapp+ ! 9=m,n we h s f>4 #bbe ,*apt] #d a#dj ,total sales 7does n 9clude ,,gst & ,,pst1 or ,,hst7 """ 4#ahi1jjj ,return$ items """"""""""""""""" 4#a1jjj ,9v5tory at ! />t ( h] #bjjf fiscal p]iod """""""""""""""" 4#cf1ejj ,9v5tory at ! 5d ( h] #bjjf fiscal p]iod """""""""""""""" 4#cj1jjj ,pur*ases 79clud+ freiies 7full & "p-"t help7 "" 4#ai1jjj ,travell+ 7except c>7 """""""""""" 4#cej ,utilities on /ore """"""""""""" 4#c1ejj -------------------------------------#da ,"!=e1 ! calcul,n ( ,ca?y's net busi;s 9come on h] ,=m ,t#babd wd look l ?3 ,9come 7a7 ,sales1 -mis.ns1 or fees """""""""""""""""""" 4#ahi1jjj ,m9us --,gds & s]vices tax/h>moniz$ sales tax 7,,gst/,,hst7 & prov9cial sales tax 7if 9clud$ 9 sales abv7 """""""" 4#---- --,returns1 all[.es1 & 4c.ts 7if 9clud$ 9 sales abv7 """"""" 4#a1jjj #bbg ,*apt] #d a#da 7b7 ,total (! abv two l9es """"""""""""""" 4#a1jjj 4##a1jjj 7#hjjj7 ,net sales1 -mis.ns or fees 7l9e ;a m9us l9e ;b7 """""""""""""""""""""""" 4#ahh1jjj 7#hbij7 ,res]ves deduct$ la/ ye> """"""""""""""""""""""""""" 4#---- 7#hbcj7 ,o!r 9come """""""""""""" 4#---- 7c7 & 7#hbii7 ,gross 9come 7total (! abv ?ree l9es7--,5t] on ! appropriate l9e ( yr 9come tax return4 """""""""""""""""""" 4#ahh1jjj ,calcul,n ( co/ ( gds sold 75t] busi;s "p only7 7#hcjj7 ,op5+ 9v5tory 79clude raw mat]ials1 gds 9 process1 & f9i%$ gds7 """""""""""""" 4#cf1ejj 7#hcbj7 ,pur*ases dur+ ! ye> 7net ( #bbh ,*apt] #d b#da returns1 all[.es1 & 4c.ts7 """""""""""" 4#hh1jjj 7#hcfj7 ,subcontracts 4#---- 7#hcdj7 ,direct wage co/s """""""""""""""" 4#---- 7#hdej7 ,o!r co/s """"" 4#---- ,total (! abv five l9es """"""""""""" 4#abd1ejj 7#hejj7 .,m9us-- ,clos+ 9v5tory 79clude raw mat]ials1 gds 9 process1 & f9i%$ gds7 """""""""""""" 4#cj1jjj 7d7 & 7#heah7 ,co/ ( gds sold """""""""" 4#id1ejj 4#id1ejj 7e7 & 7#heai7 .,gross .pr(it 7l9e ;c .m9us l9e ;d7 """"""""""""""" 4#ic1ejj #bbi ,*apt] #d c#da ,exp5ses 75t] busi;s "p only7 7#heba7 ,adv]tis+ """" 4#b1hjj 7#heij7 ,bad debts """" 4#---- 7#hgfj7 ,busi;s tax1 fees1 lic;es1 dues1 memb]%ips1 & subscrip;ns """""""""" 4#eej 7#ibge7 ,deliv]y1 freit ;,a on page #d7 """""""""""""""" 4#c1abe 7#hhaj7 ,(fice exp5ses """""""""""" 4#b1gjj 7#hhaa7 ,supplies """"" 4#---- 7#hhfj7 ,legal1 a3.t+1 & o!r profes.nal fees """""" 4#gej 7#iahj7 ,prop]ty taxes """"""""""""""" 4#---- 7#hiaj7 ,r5t """""""" 4#aj1hjj 7#ijfj7 ,sal>ies1 wages1 & b5efits 79clud+ employ]'s 3tribu;ns7 """""""" 4#ai1jjj 7#ibjj7 ,travel """""""" 4#cej 7#ibbj7 ,teleph"o & utilities """""""""" 4#c1ejj 7#ibgj7 ,o!r exp5ses """ 4#ejj ,subtotal """"""""""" 4#ea1hbe 7#iice7 ,all[.e on eligi# capital prop]ty """""""""""" 4#c1abe #bca ,*apt] #d e#da 7#iicf7 ,capital co/ all[.e 7f ,>ea ;,a on page #c7 """"""""" 4#---- 7f7 & 7#icfh7 ,total busi;s exp5ses 7total (! abv ?ree l9es7 """"""""""""" 4#ed1iej 4#ed1iej 7#icfi7 ,net 9come 7loss7 2f adju/;ts 7l9e ;e .m9us l9e ;f7 """"""""""""""""""""""""" 4#ch1eej ,page #b 7g7 ,net 9come 7loss7 2f adju/;ts 7f l9e #icfi on page #a7 """""""""""""""""""" 4#ch1eej 7h7 ,yr %>e ( l9e ;g abv """""" 4#ch1eej 7i7 & 7#iidc7 .,m9us--,o!r am.ts deducti# f yr %>e ( net "pn]%ip 9come 7loss7 f ! *>t 2l """""""""""""""""""""""" 4#---- #bcb ,*apt] #d f#da 7j7 ,net 9come 7loss7 af adju/;ts 7l9e ;h .m9us l9e ;i7 """"""""""""""""""""""""" 4#ch1eej 7#iide7 .,m9us--,busi;s-use-(- home exp5ses 7f ! *>t 2l7 """"" 4#---- 7#iidf7 ,yr net 9come 7loss7 l9e ;j .m9us l9e #iide 75t] on ! appropriate l9e ( yr 9come tax return7 """"""""""" 4#ch1eej #bcc #bcd ,*apt] #e--,eligi# ,capital #db ,exp5ditures ,:at is an eligi# capital exp5diture8 ,y may buy prop]ty t does n physic,y exi/ b gives y a la/+ economic b5efit4 ,"s examples >e gdwill1 fran*ises1 3ces.ns1 or lic;es = an unlimit$ p]iod4 ,we call ? k9d ( prop]ty .eligi# .capital .prop]ty4 ,! price y pay 6buy ? type ( prop]ty is an .eligi# .capital .exp5diture4 ,we 3sid] fran*ises1 3ces.ns1 or lic;es )a limit$ p]iod 6be deprecia# prop]ties1 n eligi# capital prop]ties4 ,= details ab deprecia# prop]ties1 see ,*apt] #d on page #bf4 ,:at is an annual all[.e8 ,y _c deduct ! full co/ ( an eligi# capital exp5diture1 s9ce x is a capital co/ & gives y a la/+ economic #bce ,*apt] #e a#db b5efit4 ,h["e1 y c deduct "p ( xs co/ ea* ye>4 ,we call ! am.t y c deduct yr .annual .all[.e4 ,:at is a cumulative eligi# capital 7,,cec7 a3.t8 ,? is ! bookkeep+ record y e/abli% 6det]m9e yr annual all[.e4 ,y al use yr ,,cec a3.t 6keep track (! prop]ty y buy & sell4 ,we call ! prop]ty 9 yr ,,cec a3.t yr eligi# capital prop]ty4 ,y base yr annual all[.e on ! bal.e 9 yr a3.t at ! 5d ( yr fiscal p]iod4 ,keep a sep>ate a3.t = ea* busi;s4 ,h[ 6calculate yr annual all[.e ,,cec a3.t ,-plete ! foll[+ *>t 6calculate yr annual all[.e &! bal.e 9 yr ,,cec a3.t at ! 5d ( yr #bjjf fiscal p]iod4 #bcf ,calculat+ yr annual b#db all[.e & ,,cec a3.t bal.e at ! 5d ( yr #bjje fiscal p]iod 7#a7 ,bal.e 9 ! a3.t at ! />t ( yr #bjjf fiscal p]iod """"""""""""""""""""""""" 4#---- 7#b7 ,eligi# capital exp5ditures y made or 9curr$ 9 yr #bjjf fiscal p]iod 4#---- "ts #ge@3p """"""" 4#---- 7#c7 ,l9e #a .plus l9e #b """"""" 4#---- 7#d7 ,all ! am.ts y rcvd or >e 5titl$ 6rcv f ! sale ( eligi# capital prop]ty 9 yr #bjjf fiscal p]iod """"""""""" 4#---- 7#e7 ,all ! am.ts t 2came receiva# 9 yr #bjjf fiscal p]iod f ! sale ( eligi# capital prop]ties 2f ,june #ah1 #aihg """" 4#---- 7#f7 ,l9e #d .plus l9e #e 4#---- 7#g7 ,l9e #f "ts #ge@3p """"""""" 4#---- #bcg ,*apt] #e c#db 7#h7 ,,cec a3.t bal.e4 ,l9e #c .m9us l9e #g """""""""""""""""" 4#---- 7#i7 ,annual all[.e4 #g@3p "ts l9e #h """""""""""""""""""""""" 4#---- 7#aj7 ,,cec a3.t bal.e at ! 5d ( yr #bjjf fiscal p]iod4 ,l9e #h .m9us l9e #i """""""""""""""""" 4#---- ,note ,an eligi# capital exp5diture is reduc$ 0! am.t ( any assi/.e rcvd or receiva# f a gov]n;t =! exp5diture4 ,al1 an am.t =giv5 7or 5titl$ 6be =giv57 on gov]n;t debt reduces yr ,,cec a3.t4 ,special 3di;ns may apply 6non->m's l5g? transac;ns4 ,= a4i;nal 9=m,n1 see ,9t]pret,n ,bullet9 ,,it-#abc1 ,transac;ns ,9volv+ ,eligi# ,capital ,prop]ty4 ,y c deduct an annual all[.e if "! is a .positive bal.e 7l9e #h7 9 yr ,,cec a3.t at ! 5d ( yr #bjjf fiscal p]iod4 ,y d n h 6claim ! full am.t (! #bch ,*apt] #e d#db maximum annual all[.e =a giv5 ye>4 ,y c deduct any am.t y want1 up 6! maximum all[a# ( #g@3p4 ,if yr fiscal p]iod is less ?an #cfe "ds1 y h 6prorate yr claim4 ,base yr claim on ! numb] ( "ds 9 yr fiscal p]iod -p>$ 6#cfe "ds4 ,if "! is a .negative bal.e 9 yr ,,cec a3.t1 see 8,sole proprietor--,sale ( eligi# capital prop]ty 9 ! #bjjf fiscal p]iod0 on page #dc & 8,"pn]%ip--,sale ( eligi# capital prop]ty 9 ! #bjjf fiscal p]iod0 al on page #dc4 ,! foll[+ is an example ( h[ 6calculate ! maximum annual all[.e & a3.t bal.e4 -------------------------------------#dc ,example ,c>lo />t$ a busi;s on ,janu>y #a1 #bjjf4 ,c>lo's busi;s has a ,decemb] #ca ye>-5d4 ,dur+ #bjjf1 he b"\ a fran*ise = 4#af1jjj4 ,he calculates 8 maximum annual all[.e ( 4#hdj = #bjjf z foll[s3 #bci ,c>lo's ,,cec a3.t a#dc 7#a7 ,bal.e at ! />t ( ,c>lo's #bjjf fiscal p]iod """"""""""""""" 4#j 7#b7 ,c>lo's eligi# capital exp5diture3 fran*ise co/ =! #bjjf fiscal p]iod 4#af1jjj "ts #ge@3p """""""""""""""""" 4#ab1jjj 7#c7 ,l9e #a .plus l9e #b """"" 4#ab1jjj ,c>lo has n sold any eligi# capital prop]ty dur+ ! #bjjf fiscal p]iod4 ,"!=e1 he w n h any am.ts on l9es #d 6#h4 7#i7 ,c>lo's maximum annual all[.e on eligi# capital prop]ty is #g@3p "ts l9e #c """" 4#hdj 7#aj7 ,bal.e at ! 5d ( #bjjf 7l9e #c .m9us l9e #i7 """"""" 4#aa1afj #bdj ,sole proprietor b#dc ,sale ( eligi# capital prop]ty 9 ! #bjjf fiscal p]iod ,:5 y sell eligi# capital prop]ty1 y h 6subtract "p (! proce$s ( 4posi;n f yr ,,cec a3.t4 ,y h 6d ? calcul,n if y sold eligi# capital prop]ty3 --in yr #bjjf fiscal p]iod2 or --2f ,june #ah1 #aihg1 &! proce$s ( 4posi;n 2come due 6y 9 yr #bjjf fiscal p]iod4 ,= #bjjf1 ! am.t y h 6subtract is #ge@3p (! .total ( ^! am.ts3 --! proce$s ( 4posi;n ( all ! eligi# capital prop]ty y sell 9 yr #bjjf fiscal p]iod2 & --! am.t ( any proce$s t 2come due 6y 9 yr #bjjf fiscal p]iod f eligi# capital prop]ty y sold 2f ,june #ah1 #aihg4 ,"! may 2 a negative am.t 7excess7 9 yr ,,cec a3.t af y subtract ! #bda ,*apt] #e c#dc requir$ am.t4 ,9 ? case1 y w h 69clude "p (! negative am.t 9 yr busi;s 9come4 ,multiply 0#b ov] #c ! "p (! negative am.t 9 yr ,,cec a3.t t exce$s ! annual all[.es deduct$4 ,6t result1 add :i*"e is less1 ! excess or annual all[.es deduct$4 ,? is ! am.t 69clude 9 yr busi;s 9come4 ,! foll[+ example %[s h[ 6calculate ! am.t 69clude 9 yr busi;s 9come4 ,example ,lysa />t$ h] busi;s on ,janu>y #a1 #bjjj1 )a .,decemb] .#ca .ye>-5d4 ,9 #bjjj1 ,lysa b"\ a cli5t li/ = 4#aj1jjj4 ,lysa sold h] busi;s on ,septemb] #a1 #bjjf4 ,%e sold h] cli5t li/ = 4#ae1jjj & %e does n h any o!r eligi# capital prop]ty 9 h] busi;s4 ,%e deduct$ annual all[.es ea* ye> z foll[s3 #bdb ,*apt] #e d#dc #bjjj "" 4#ebe #bjja "" 4#dhh #bjjb "" 4#ded #bjjc "" 4#dbb #bjjd "" 4#cic #bjje "" 4#cfe ,total 4#b1fdg ,! am.t 9clud$ 9 ,lysa's busi;s 9come on l9e #hbcj1 8,o!r 9come10 on ,=m ,t#babd is ! total ( am.ts ;,a & ;,c3 ,calcul,n ( am.t ;,a3 ,! less] ( ;i7 or ;ii73 ;i7 ,excess am.t calculat$ z foll[s3 ,proce$s ( 4posi;n3 4#ae1jjj 4#ae1jjj "ts #ge@3p """"""" 4#aa1bej .,plus3 total annual all[.es deduct$ """""""""""""""""""" 4#b1fdg """""""""""""""""""""""""""" 4#ac1hig #bdc ,*apt] #e e#dc .,m9us3 #ge@3p ( eligi# capital exp5ditures 4#aj1jjj "ts #ge@3p """""""" 4#g1ejj 7;i7 ,excess am.t """""""""""" 4#f1cig ;ii7 & 7;ii7 ,total annual all[.es deduct$ """""""""""""" 4#b1fdg 7,a7 ,! less] ( ;i7 or ;ii73 """ 4#b1fdg ,calcul,n ( am.t ;,b3 ,excess am.t """"""""""" 4#f1cig 7,b7 .,m9us3 total annual deduc;ns tak5 4#b1fdg 4#c1gej ,calcul,n ( am.t ;,c3 7,c7 ,l9e ;,b "ts #b ov] #c """"""""""""""""""""""""""" 4#b1ejj ,l9e ;,a .plus l9e ;,c """"""""" 4#e1adg ,! am.t 6be 9clud$ 9 ,lysa's busi;s 9come on l9e #hbcj1 8,o!r 9come10 is 4#e1adg4 #bdd ,"pn]%ip f#dc ,sale ( eligi# capital prop]ty 9 ! #bjjf fiscal p]iod ,:5 ! "pn]%ip sells eligi# capital prop]ty1 x has 6subtract "p (! proce$s ( 4posi;n f xs ,,cec a3.t4 ,! "pn]%ip has 6d ? calcul,n if x sold eligi# capital prop]ty3 --in xs #bjjf fiscal p]iod2 or --2f ,june #ah1 #aihg1 &! proce$s ( 4posi;n 2come due 9 xs #bjjf fiscal p]iod4 -------------------------------------#dd ,= #bjjf1 ! am.t ! "pn]%ip has 6subtract is #ge@3p (! .total ( ^! am.ts3 --! proce$s ( 4posi;n ( all ! eligi# capital prop]ty ! "pn]%ip sells 9 xs #bjjf fiscal p]iod4 ,! total proce$s ( 4posi;n h 6be 9clud$ ev5 if ! "pn]%ip w n rcv ! 5tire am.t 9 #bjjf2 & #bde ,*apt] #e a#dd --! am.t ( any proce$s t 2come due 9 ! "pn]%ip's #bjjf fiscal p]iod f eligi# capital prop]ty x sold 2f ,june #ah1 #aihg4 ,! "pn]%ip's ,,cec a3.t may h a negative am.t 7excess7 af x subtracts ! requir$ am.t4 ,9 ? case1 ! "pn]%ip w h 69clude "p (! negative am.t 9 xs busi;s 9come4 ,multiply 0#b ov] #c ! "p (! negative am.t 9 yr ,,cec a3.t t exce$s ! annual all[.es deduct$4 ,6t result1 add ! less] (! excess & annual all[.es deduct$4 ,? is ! am.t 69clude 9 yr busi;s 9come4 ,! foll[+ example %[s h[ 6calculate ! am.t 69clude 9 yr busi;s 9come4 ,if y1 z a "pn] 9 ! "pn]%ip1 h made ! capital ga9s elec;n 0fil+ ,=m ,t#ffd1 ,elec;n 6,report a ,capital ,ga9 on ,prop]ty ,[n$ at ! 5d ( ,febru>y #bb1 #aiid1 ) yr #aiid 9come tax return = yr "pn]%ip 9t]e/1 y w h report$ ! capital ga9 a3ru$ 6,febru>y #bb1 #aiid4 ,9 ? case1 ! adju/$ co/ base ( yr #bdf ,*apt] #e b#dd "pn]%ip 9t]e/ has n *ang$ z a result (! elec;n4 ,r1 y h cr1t$ a special a3.t call$ yr ..exempt capital ga9s bal.e 7.,,ecgb74 ,yr ,,ecgb expir$ af #bjjd4 ,if y did n use all ( yr ,,ecgb 0! 5d ( #bjjd1 y c add ! unus$ bal.e 6! adju/$ co/ base ( yr %>es (1 or 9t]e/ in1 ! fl[-"? 5t;y4 ,y h 69clude ! busi;s 9come t results f ! sale (! eligi# capital prop]ty on l9e #hbcj1 8,o!r 9come10 on ,=m ,t#babd or ,=m ,t#bjcb4 ,example ,y & yr "pn] h op]at$ a teleph"o sales busi;s s9ce ,janu>y #a1 #aiid4 ,yr "pn]%ip agree;t /ates t y & yr "pn] w %>e ! busi;s pr(its equ,y4 ,! busi;s has a .,decemb] .#ca .ye>-5d4 ,y & yr "pn] pd a total ( 4#aj1jjj =a cli5t li/ :5 y />t$ ! busi;s4 ,! busi;s has no o!r eligi# capital prop]ty4 ,y & yr "pn] sell ! busi;s on ,septemb] #a1 #bjjf4 ,! proce$s ( 4posi;n (! #bdg ,*apt] #e c#dd cli5t li/ >e 4#ae1jjj4 ,z a "pn] (! "pn]%ip1 y made ! capital ga9s elec;n 9 #aiid on yr "pn]%ip 9t]e/ & yr curr5t ,,ecgb is nil4 ,9 previ\s ye>s1 ! "pn]%ip claim$ 4#b1fdg z annual all[.es on eligi# capital prop]ty4 ,calcul,n ( am.t 69clude 9 busi;s 9come--,sale ( cli5t li/ on ,septemb] #a1 #bjjf ,! am.t 69clude 9 ! "pn]%ip's busi;s 9come on l9e #hbcj1 8,o!r 9come10 on ,=m ,t#babd is ! total ( am.ts ;,a & ;,c3 ,calcul,n ( am.t ;,a3 ,! less] ( ;i7 or ;ii73 ;i7 ,excess am.t calculat$ z foll[s3 ,actual proce$s ( 4posi;n3 4#ae1jjj 4#ae1jjj "ts #ge@3p """""""""""""""""""" 4#aa1bej #bdh ,*apt] #e d#dd .,plus3 total annual all[.es deduct$ """""""""""""""""""" 4#b1fdg """""""""""""""""""""""""""" 4#ac1hig .,m9us3 #ge@3p ( ,eligi# capital exp5ditures 74#aj1jjj plus ,,ecgb 997 "ts #ge@3p """"""""""""""""" 4#g1ejj 7;i7 ,excess am.t """""""""""" 4#f1cig ;ii7 & 7;ii7 ,total annual all[.es deduct$ """""""""""""" 4#b1fdg 7,a7 ,! less] ( ;i7 or ;ii7 """" 4#b1fdg ,calcul,n ( am.t ;,b3 ,excess am.t """"""""""" 4#f1cig 7,b7 .,m9us3 total annual all[.es deduct$ """""" 4#b1fdg 4#c1gej ,calcul,n ( am.t ;,c3 7,c7 ,l9e ;,b "ts #b ov] #c """"""""""""""""""""""""""" 4#b1ejj ,l9e ;,a .plus l9e ;,c """"""""" 4#e1adg #bdi ,*apt] #e e#dd ,ac 6? example1 y %d 9clude 4#e1adg on l9e #hbcj1 8,o!r 9come0 ( =m ,t#babd or ,t#bjcb4 99 ,! am.t ( ,,ecgb us$ 9 ? calcul,n ref]s 6any bal.e rema9+ 9 ? a3.t af ,decemb] #ca1 #bjjd4 ,elec;n ,"u c]ta9 3di;ns1 y c elect 6tr1t ! 4posi;n ( an eligi# capital prop]ty 7o!r ?an gdwill7 z a capital ga9 9 yr ,,cec a3.t if y sold yr 9t]e/ 9 a prop]ty s* z a fran*ise1 3ces.n1 or lic;e t has an unlimit$ life4 ,y c elect 6deem ! proce$s ( 4posi;n (! eligi# capital prop]ty1 6be equal 6xs orig9al co/4 ,y c !n dcl a capital ga9 equal 6yr actual proce$s ( 4posi;n m9us ! co/ ( acquisi;n4 ,report ! details on ! 8,r1l e/ate1 deprecia# prop]ty & o!r prop]ties0 l9e ( ,s*$ule #c1 ,capital ,ga9s 7or ,losses7 9 #bjjf4 ,? #bej ,*apt] #e f#dd elec;n w b5efit y if y h unus$ capital losses 6apply ag/ ! capital ga94 ,! elec;n is availa# if y meet ! foll[+ 3di;ns3 --,y 4pos$ ( an eligi# capital prop]ty o!r ?an gdwill4 --,! co/ (! eligi# capital prop]ty c 2 det]m9$4 --,! proce$s ( 4posi;n exce$ ! co/4 --,y d n h an exempt ga9s bal.e4 ,file yr elec;n 0atta*+ a note 6yr 9come tax return4 -------------------------------------#de ,replace;t prop]ty ,if y sell an eligi# capital prop]ty & replace x ) ano!r "o =! same or simil> use1 y c po/p"o all or "p ( any ga9 on ! sale4 ,? happ5s if y acquire a replace;t eligi# capital prop]ty )9 a c]ta9 p]iod ( "t4 ,6d ?1 y h 6replace ! prop]ty no lat] ?an "o ye> af ! 5d (! tax ye> 9 : y sell ! orig9al prop]ty4 ,= m details1 #bea ,*apt] #e a#de see ,9t]pret,n ,bullet9 ,,it-#bei1 ,ex*ange ( ,prop]ty4 ,= m 9=m,n ab eligi# capital exp5ditures1 see ,9t]pret,n ,bullet9 ,,it-#abc1 ,transac;ns ,9volv+ ,eligi# ,capital ,prop]ty1 & ,9t]pret,n ,bullet9 ,,it-#adc1 ,m1n+ ( ,eligi# ,capital ,exp5diture4 #beb ,app5dix--,9du/ry ,codes #df ,profes.ns ,>*itect 7except l&scape7 #edacaj ,>*itect 7l&scape7 #edacbj ,bookkeep+ s]vices #edabae ,*>t]$ or c]tifi$ a3.tant #edabab ,d5ti/ #fbabaj ,5g9e] #edaccj ,lawy] #edaaaj ,not>y #edaabj ,physician 7g5]al practice71 surgeon1 or speciali/ #fbaaaj ,psy*ologi/ #fbaccj ,vet]9>ian #edaidj ,o!r h1l? practi;n] #fbacij ,o!r legal s]vices #edaaij ,o!r profes.nal1 sci5tific1 or te*nical s]vices #edajjj ,o!r social s]vice practi;n] #fbdjjj ,onl9e f9ancial & 9ve/;t advice #ebciii ,o!r onl9e advice & c\nsell+ #edaiii #bec ,s]vices a#df ,agricultural or animal s]vices ,animal specialty or live/ock s]vices #aaebaj ,crop s]vices #aaeaaj ,o!r agricultural s]vices #aaejjj ,transport,n or /orage ,air transport #dhajjj ,bus transport 7s*ool or employee7 #dhedaj ,9t]urban & rural transit #dhebaj ,/orage or w>eh\s+ #dicajj ,taxi #dhecaj ,truck transport #dhdjjj ,urban transit #dheaaj ,wat] transport #dhcjjj ,o!r transport,n s]vice #dhjjjj ,-munic,ns or utilities ,c\ri] s]vices #dibaaj ,fly] deliv]y #edahgj ,po/al s]vices #diaaaj #bed ,app5dix b#df ,public utilities #bbajjj ,telecommunic,ns #eagjjj ,f9.e1 9sur.e1 or r1l e/ate ,f9ancial s]vices 7exclud+ banks & f9.e -panies7 #ebcjjj ,9sur.e ag5t or brok] 79dep5d5t7 #ebdbaj ,9sur.e -pany #ebdajj ,lessors ( non-resid5tial build+s 7except m9i-w>eh\ses7 #ecaabj ,lessors ( o!r r1l e/ate prop]ty #ecaaij ,lessors ( resid5tial build+s & dwell+s #ecaaaa ,lessors ( self-/orage m9i-w>eh\ses #ecaacj ,lessors ( social h\s+ projects #ecaaab ,(fices ( r1l e/ate ag5ts & brok]s #ecabaj ,(fices ( r1l e/ate apprais]s #ecacbj ,r1l e/ate prop]ty manag]s #ecacaj ,o!r activities relat$ 6r1l e/ate #ecacij #bee ,app5dix c#df ,busi;s s]vices ,adv]tis+ #edahjj ,-put] programm] or analy/ #edaeaj ,3sult,n--5viron;t #edafbj ,3sult,n--manage;t #edafaj ,3sult,n--sci;e & te*nology #edafij ,data process+1 /or+1 & relat$ s]vices #eahbaj ,employ;t ag5cy #efacjj ,ext]m9ators1 janitors1 & *imney cl1n]s #efagjj ,9t]net s]vice & se>* 5g9e suppli]s #eahaaj ,publi%+ #eaajjj ,o!r busi;s s]vices #efajjj ,onl9e busi;s s]vices #efaiii ,h1l? or social s]vices ,babysitt+ or *-c>e 7yr [n home7 #fbddaj ,$uc,nal s]vices #fajjjj ,h1l? or social s]vices 7o!r ?an * c>e7 #fbjjjj ,tutors #faafij #bef ,app5dix d#df ,5t]ta9;t or recre,n ,ag5ts & repres5tatives-->ti/s1 a?letes1 & o!r public figures #gaadaj ,5t]ta9;t or /age -pany #gaaajj ,film or video produc;n s]vices #eabaaj ,gambl+ op],n #gacbjj ,9dep5d5t a?letes & tra9]s 7coa*7 #gaabah ,9dep5d5t >ti/s1 au?ors1 & 9t]pret]s 7p]=m]s7 #gaaeaj ,movie or mo;n picture film pres5t] #eabacj ,sports promot] #gaacai ,sports t1ms & clubs #gaabaa ,ski facilities1 golf c\rses1 m>9as1 b[l+ c5tres1 & fit;s c5tres #gacijj ,o!r amuse;ts or recre,n #gajjjj ,onl9e psy*ic1 escorts1 dat+1 "py plann+1 p]sonal %opp+ #habiij -------------------------------------#dg ,a3ommod,n1 food1 or b"eage s]vices ,b$ & br1kfa/1 cab9s1 & t\ri/ rooms #gbaaij #beg ,app5dix a#dg ,campgr.ds1 hunt+1 fi%+1 & vac,n camps #gbabaj ,cante5s1 mobile food s]vices #gbbccj ,cat]+ #gbbcbj ,full-s]vice re/aurant #gbbaaj ,hotel1 motor-hotel1 motel1 or resort #gbaaaj ,limit$ s]vice re/aurant1 take-\1 & drive-in #gbbbaj ,room+ & bo>d+ h\ses #gbacaj ,tav]n1 b>1 or ni wa%es #haaaib ,furniture ref9i%+ or repair+ #haadbj ,g5]al automotive repair #haaaaa ,home & g>d5 equip;t & appli.es repair & ma9t5.e #haadaj ,%oe repair %ops #haadcj #beh ,app5dix b#dg ,,tv1 radio1 /]eo1 -put]1 or cam]a repairs #haabaj ,o!r repairs #haajjj ,p]sonal or h\sehold s]vices ,b>b] or b1uty %op #habaaj ,c>pet cl1n+ s]vice #efagdj ,fun]al s]vices #habbjj ,home cl1n+ s]vices #efagbb ,homemak] s]vices #fbdabj ,laundry or dry cl1n+ #habcjj ,o!r p]sonal or h\sehold s]vices #hajjjj ,o!r s]vices ,busi;s1 religi\s1 or social organiz,n #hacjjj ,janitorial s]vices 7except w9d[ cl1n+7 #efagbb ,ma*9e or equip;t r5tal l1s+ #ecbjjj ,miscellane\s build+ or dwell+ s]vices #efagjj ,photography #edaibj ,travel s]vices #efaeaj ,vehicle r5tal or l1s+ #ecbaaj #bei ,sales c#dg ,h\sehold gds /ores ,appli.es1 ,,tv1 radio1 or /]eo repairs #ddcaaj ,-put] & s(tw>e sales #ddcabj ,h\sehold a3essories #ddbbjj ,h\sehold furniture & appli.es #ddbaaj ,food or b"eage /ores ,bak$ gds1 c&y1 or nuts #ddebij ,be]1 w9e1 or liquor #ddecaj ,3v5i;e /ores #ddeabj ,groc]ies #ddeaaj ,m1t1 fi%1 fruits1 or vegeta#s #ddebjj ,sup]m>ket #ddeaaj ,o!r food /ores #ddejjj ,automotive ,auto "ps or a3essories /ore #ddacaj ,automobile sales #ddaajj ,recre,nal vehicle sales #ddabaj ,s]vice /,n 7) 3v5i;e /ore7 #ddgaaj ,o!r s]vice /,n #ddgaij #bfj ,app5dix d#dg ,o!r retail /ores ,book/ores & news d1l]s #deabaj ,cam]as & photographic supplies #ddcacj ,flori/s #decaaj ,g5]al m]*&ise #debjjj ,gifts1 novelties1 & s\v5irs #decbbj ,h>dw>e #dddacj ,jewell]y or wat* sales or repairs #ddhcaj ,lawn & g>d5 supplies #dddbbj ,musical 9/ru;ts #deaadj ,(fice supplies & /,n]y /ores #decbaj ,pa9t or wallpap] #dddabj ,ph>macies or drug/ores #ddfaaj ,records1 ,,cd's1 or pre-record$ tapes #deabbj ,sew+1 ne$le"w1 & piece gds #deaacj ,%oes or clo?+ #ddhjjj ,sport+ gds or bicycles #deaaaj ,toys1 ho2ies1 & games #deaabj ,o!r m]*&ise #ddjjjj #bfa ,app5dix e#dg ,direct sales ,cosmetics #dedcij ,onl9e sell+ & mail ord] h\ses #dedaaj ,food or b"eages #dedcij ,fuel d1l]s #dedcaj ,h\sehold gds #dedcij ,newspap] deliv]y #dedcij ,v5d+ ma*9e op]ators #dedbaj ,o!r direct sales #dedcij ,:olesales ,ag5ts & brok]s #daiajj ,app>el & dry gds #dadajj ,b"eages #dacbjj ,build+ mat]ials & supplies #dafjjj ,drugs #dadeaj ,f>m products #daaajj ,food #dacajj ,ma*9]y1 equip;t1 & relat$ supplies #dagjjj ,p]sonal & h\sehold gds #dadjjj ,petroleum products #dabaaj ,toba3o #daccaj #bfb ,app5dix f#dg ,vehicles1 "ps1 & a3essories #daejjj ,o!r products #dajjjj ,onl9e :olesal+ #dahiij -------------------------------------#dh ,3/ruc;n ,ac\/ical "w #bchcaj ,asphalt pav+ 7driveways & p>k+ lots7 #bchiij ,build+s 79clud+ develop;t7 #bcfjjj ,electrical 9/all,n #bchbaj ,5g9e]+ 3/ruc;n #bcgjjj ,excavat+ or grad+ #bchiaj ,f;e 9/all,n #bchiij ,f9i% c>p5try #bchcej ,glass or glaz+ #bchaej ,h>dwood floor+ 9/all,n #bchccj ,h1t+1 air 3di;n+1 or o!r duct/%eet metal "w #bchbbj ,home r5ov,ns #bcfaaj ,9sul,n #bchcaj ,masonry #bchadj ,me*anical specialty "w #bchbbj ,pa9t+ or decorat+ #bchcbj #bfc ,app5dix a#dh ,pla/]+ or drywall+ #bchcaj ,plumb+ #bchbbj ,resili5t floor+ or c>pet 9/all,n #bchccj ,%+l+ #bchafj ,sid+ 9/all,n #bchagj ,site "w #bchiaj ,/ructural or relat$ "w #bchajj ,t]razzo or tile "w #bchcdj ,o!r 3/ruc;n s]vices #bcjjjj ,o!r ext]ior close-in "w #bchaij ,o!r 9t]ior or f9i%+ "w #bchcij ,o!r trade "w #bchiij ,manufactur+ ,b"eages #cabajj ,*emicals or *emical products #cbejjj ,clo?+ #caejjj ,-put] or electronic products #ccdjjj ,electrical equip;t1 appli.es1 & -pon5ts #ccejjj ,fabricat$ metal products #ccbjjj ,food #caajjj #bfd ,app5dix b#dh ,furniture or fixtures #ccgjjj ,l1!r or l1!r products #cafaaj ,non-metallic m9]al products #cbgjjj ,pap] products #cbbjjj ,pla/ic #cbfajj ,prim>y metal #ccajjj ,pr9t+ #cbcajj ,ref9$ petroleum & coal products #cbdajj ,ru2] #cbfbjj ,textile products #cadjjj ,textile y>n or fabric #cacjjj ,toba3o #cabbbj ,transport,n equip;t #ccfjjj ,wood products #cbajjj ,o!r manufactur+ #cjjjjj ,natural res\rce 9du/ries ,=e/ry support s]vices #aaecaj ,hunt+ & trapp+ #aadbaj ,lo7+ #aaccaj ,m9+ 7except oil & gas7 #babjjj ,oil & gas extrac;n #baaaaj #bfe ,app5dix c#dh ,qu>ry or s& pit #babcjj ,support activities = m9+ or oil & gas extrac;n #bacaaj #bff ,9dex ,page ,a3.t+ fees """""""""""""""""""""""" #bj ,a3rual me?od """""""""""""""""""""" #e ,adv]tis+ exp5ses """""""""""""""""" #ae ,all[.e on eligi# capital prop]ty "" #bd ,automobile1 def9$ """"""""""""""""" #ag ,availa# = use1 def9$ """""""""""""" #bg ,bad debts """"""""""""""""""""""""" #ae ,busi;s1 def9$ """""""""""""""""""""" #e ,busi;s 9come report+ """"""""""""""" #e ,busi;s liabilities """""""""""""""" #bf ,busi;s records """"""""""""""""""""" #f ,busi;s tax1 fees1 lic;es1 dues """" #ae ,busi;s-use-(-home exp5ses """"""""" #be ,capital 3tribu;ns 9 #bjjf """"""""" #bf ,capital co/ all[.e 7,,cca7 ,adju/;t = curr5t-ye> a4i;ns """"" #cj ,base am.t """"""""""""""""""""""" #ca ,build+s """"""""""""""""""""""""" #ca ,class numb] """"""""""""""""""""" #bh #bfg ,9dex ,classes """"""""""""""""""""""""" #ci ,classes ( deprecia# prop]ty """"" #ca ,co/ ( a4i;ns """""""""""""""""""" #bi ,electronic (fice equip;t """""""" #cb #ej@3p rule """""""""""""""""""""" #cj ,grants & subsidies """""""""""""" #cd ,o!r prop]ty """"""""""""""""""""" #cb ,pass5g] vehicles """""""""""""""" #cb ,p]sonal use ( prop]ty """"""""""" #cc ,proce$s ( 4posi;ns """""""""""""" #bi ,rate 7@3p7 """""""""""""""""""""" #ca ,recapture """"""""""""""""""""""" #cj ,replace;t prop]ty """"""""""""""" #cg ,t]m9al loss """"""""""""""""""""" #cj ,,ucc at ! 5d (! ye> """"""""""""" #ca ,,ucc at ! />t (! ye> """""""""""" #bh ,undepreciat$ capital co/ 7,,ucc7 af a4i;ns & 4posi;ns """ #cj ,capital co/ all[.e1 deduc;n """"""" #bd ,capital co/1 def9$ """""""""""""""" #bg ,capital ga9s """""""""""""""""""""" #ce ,ca% me?od """""""""""""""""""""""""" #e ,*ang+ f p]sonal 6busi;s use """"""" #cc #bfh ,9dex ,-mis.n 9come """""""""""""""""""""" #aj ,-put]s & o!r equip;t l1s+ co/s """" #ba ,3v5;n exp5ses """"""""""""""""""""" #bb ,co/ ( gds sold """""""""""""""""""" #aa ,cumulative eligi# capital 7,,cec7 a3.t """"""""""""""""""""" #db ,annual all[.e calcul,n """""""""""" #db ,dates 6rememb] """"""""""""""""""""" #h ,deliv]y1 freiket value 7,,fmv71 def9$ """ #bg ,fiscal p]iod1 def9$ """""""""""""""" #e ,fuel co/s """"""""""""""""""""""""" #ae #bfi ,9dex ,gifts ( 9v5tory 0an >ti/ """""""""" #ab ,,gst/,,hst rebate """""""""""""""""" #i ,gross 9come """""""""""""""""" #aa1 #ac ,id5tific,n >ea = ,=m ,t#babd & ,=m ,t#bjcb """""""""""""""""""""" #aj ,9come f a busi;s """"""""""""""""""" #e ,9come f a profes.n """""""""""""""" #ab ,9come1 o!r """""""""""""""""""""""" #aa ,9du/ry codes """""""""""""""""""""" #df ,9/al;t pay;ts """""""""""""""""""""" #g ,9sur.e exp5ses """""""""""""""""""" #ae ,9t]e/ exp5ses """"""""""""""""""""" #ae ,9v5tories """"""""""""""""""""""""" #aa ,l& """""""""""""""""""""""""""""""" #bi ,l1s+ co/s """"""""""""""""""""""""" #ai ,legal fees """""""""""""""""""""""" #bj ,liabilities """"""""""""""""""""""" #bf ,ma9t5.e & repairs """"""""""""""""" #af ,manage;t & adm9i/r,n fees """"""""" #af ,m1ls & 5t]ta9;t """"""""""""""""""" #af #bgj ,9dex ,memb]%ip fees """"""""""""""""""""" #ae ,motor vehicle1 def9$ """""""""""""" #ag ,motor vehicle exp5ses """"""""""""" #ag ,busi;s use """""""""""""""""""""" #ag ,jo9t [n]%ip """"""""""""""""""""" #ah ,net 9come 7loss7 """""""""""""""""" #bf ,net 9come 7loss7 2f adju/;ts """""" #bd ,non->m's l5g? transac;n ,acquir+ prop]ty """"""""""""""""" #cd ,def9$ """"""""""""""""""""""""""" #bg ,(fice exp5ses """"""""""""""""""""" #bj ,o!r am.ts deducti# f yr %>e ( net "pn]%ip 9come 7loss7 """"""""" #be ,o!r exp5ses """"""""""""""""""""""" #ba ,"pn]%ips ,def9$ """""""""""""""""""""""""""" #h ,"pn]%ip 9=m,n return 7,,pir7 """"""" #h ,pass5g] vehicle ,def9$ """"""""""""""""""""""""""" #ag ,9t]e/ exp5se """""""""""""""""""" #ai #bga ,9dex ,prepd exp5ses """"""""""""""""""""" #ae ,private h1l? s]vices plan 7,,phsp7 """"""""""""""""""""""""" #bb ,proce$s ( 4posi;n1 def9$ """""""""" #bg ,profes.nal fees pd """""""""""""""" #bj ,profes.nal fees rcvd """""""""""""" #ab ,prop]ty taxes """"""""""""""""""""" #bj ,proprietor%ips1 require;ts """""""" #aj ,public,ns """""""""""""""""""""""""" #b ,records """""""""""""""""""""""""""" #f ,r5t """"""""""""""""""""""""""""""" #bj ,res]ves """"""""""""""""""""""""""" #bb -------------------------------------#ej ,sal>ies1 wages1 & b5efits pd """""" #bj ,small tools """"""""""""""""""""""" #cc ,subcontracts """""""""""""""""""""" #ab ,subsidies """"""""""""""""""""""""" #cd ,supplies """""""""""""""""""""""""" #bj ,teleph"o exp5ses """""""""""""""""" #ba ,travel exp5ses """""""""""""""""""" #ba #bgb ,9dex a#ej ,undepreciat$ capital co/ 7,,ucc7 ,def9$ """"""""""""""""""""""""""" #bg ,utilities """"""""""""""""""""""""" #ba ,vehicles1 m ?an "o """""""""""""""" #ah ,"w-in-progress 7,,wip7 """""""""""" #ab #bgc ,yr op9ion c.ts6 b#ej ,we review \r 9come tax guides & pamphlets ea* ye>4 ,if y h any -;ts or su7es;ns 6help u improve \r public,ns1 we wd l 6he> f y4 ,pl1se s5d yr -;ts to3 ,taxpay] ,s]vices ,directorate ,canada ,rev5ue ,ag5cy #gej ,h]on ,road ,ottawa ,,on ,k#a;,a #j;,l#e #bgd ,canada ,rev5ue ,ag5cy #a ,t#babd ;,e 7#jf7 ,t#babd--,/ate;t ( ,busi;s ,activities ,= m 9=m,n on h[ 6-plete ? =m1 see ! ,busi;s & ,profes.nal ,9come guide4 ,code #b ,id5tific,n ,yr "n ---- ,yr social 9sur.e numb] ---- ,f3 7,ye>/,mon?/,"d7 ---- ,to3 7,ye>/,mon?/,"d7 ---- ,0 #bjjf yr la/ ye> ( busi;s8 ,yes ---- ,no ---- ,busi;s "n ---- ,busi;s a4ress ---- ,c;y1 & prov9ce or t]ritory ---- ,po/al code ---- ,ma9 product or s]vice ---- #bge ,t#babd a#a ,9du/ry code 7see ! app5dix 9 ! ,busi;s & ,profes.nal ,9come guide7 ---- ,"pn]%ip fil] id5tific,n numb] ---- ,tax %elt] id5tific,n numb] ---- ,"n & a4ress ( p]son or firm prep>+ ? =m ---- ,busi;s numb] 75t] a #ae digit numb]7 ---- ,yr p]c5tage (! "pn]%ip ----@3p ,9come 7a7 ,sales1 -mis.ns1 or fees """""""""""""""""""""""""" 4#---- .,m9us --,gds & s]vices tax/- h>moniz$ sales tax 7,,gst/,,hst7 & prov9cial sales tax 7if 9clud$ 9 sales abv7 """"""""""""""""" 4#---- --,returns1 all[.es1 & 4c.ts 7if 9clud$ 9 sales abv7 """"""""""" 4#---- #bgf ,t#babd b#a 7b7 ,total (! abv two l9es """"""""""""""""""" 4#---- 4#---- 7#hjjj7 ,net sales1 -mis.ns1 or fees 7l9e ;a .m9us l9e ;b7 """"""""""""""""" 4#---- 7#hbij7 ,res]ves deduct$ la/ ye> 4#---- 7#hbcj7 ,o!r 9come """""""""""""" 4#---- 7c7 & 7#hbii7 .,gross .9come 7total (! abv ?ree l9es7--,5t] on ! appropriate l9e ( yr 9come tax return """""""""""""""""""" 4#---- ,calcul,n ( co/ ( gds sold 75t] busi;s "p only7 7#hcjj7 ,op5+ 9v5tory 79clude raw mat]ials1 gds 9 process1 & f9i%$ gds7 """"""""""""""""""" 4#---- 7#hcbj7 ,pur*ases dur+ ! ye> 7net ( returns1 all[.es1 & 4c.ts7 """""" 4#---- 7#hcfj7 ,subcontracts """" 4#---- 7#hcdj7 ,direct wage co/s 4#---- #bgg ,t#babd c#a 7#hdej7 ,o!r co/s """""""" 4#---- ,total (! abv five l9es "" 4#---- 7#hejj7 .,m9us--,clos+ 9v5tory 79clude raw mat]ials1 gds 9 process1 & f9i%$ gds7 """"""""""" 4#---- 7d7 & 7#heah7 ,co/ ( gds sold """"""""""""""""""" 4#---- 7e7 & 7#heai7 .,gross .pr(it 7l9e ;c .m9us l9e ;d7 """""""""""""""""""" 4#---- ,exp5ses 75t] busi;s "p only7 7#heba7 ,adv]tis+ """""""" 4#---- 7#heij7 ,bad debts """"""" 4#---- 7#hgfj7 ,busi;s tax1 fees1 lic;es1 dues1 memb]%ips1 & subscrip;ns """""""""" 4#---- 7#ibge7 ,deliv]y1 freit ;,a on page #d7 """""""""""""""""""" 4#---- 7#hhaj7 ,(fice exp5ses """ 4#---- 7#hhaa7 ,supplies """""""" 4#---- 7#hhfj7 ,legal1 a3.t+1 & o!r profes.nal fees """" 4#---- 7#iahj7 ,prop]ty taxes """ 4#---- 7#hiaj7 ,r5t """"""""""""" 4#---- 7#ijfj7 ,sal>ies1 wages1 & b5efits 79clud+ employ]'s 3tribu;ns7 """ 4#---- 7#ibjj7 ,travel """""""""" 4#---- 7#ibbj7 ,teleph"o & utilities """""""""""""" 4#---- 7#ibgj7 ,o!r exp5ses """"" 4#---- ,subtotal """""""""""""""" 4#---- #bgi ,t#babd e#a 7#iice7 ,all[.e on eligi# capital prop]ty """""""" 4#---- 7#iicf7 ,capital co/ all[.e 7f ,>ea ;,a on page #c7 """"""""""""""" 4#---- 7f7 & 7#icfh7 .,total .busi;s .exp5ses 7total (! abv ?ree l9es7 """""" 4#---- 4#---- 7#icfi7 ..,net 9come 7loss7 2f .adju/;ts 7l9e ;e .m9us l9e ;f7 """""""""""""" 4#---- --------------------------------------#b 7g7 ,net 9come 7loss7 2f adju/;ts 7f l9e #icfi on page #a7 """""" 4#---- 7h7 ,yr %>e ( l9e ;g abv """""""" 4#---- 7i7 & 7#iidc7 .,m9us--,o!r am.ts deducti# f yr %>e ( net "pn]%ip 9come 7loss7 f ! *>t 2l """"""" 4#---- 7j7 ..,net 9come 7loss7 af .adju/;ts 7l9e ;h .m9us l9e ;i7 4#---- 7#iide7 .,m9us--,busi;s-use-(- home exp5ses 7f ! *>t 2l7 """"" 4#---- 7#iidf7 ..,yr net 9come 7.loss7 7l9e ;j .m9us l9e #iide7 75t] #bhj ,t#babd a#b on ! appropriate l9e ( yr 9come tax return7 """"""""""""""""""" 4#---- ,o!r am.ts deducti# f yr %>e ( net "pn]%ip 9come 7loss7 ,claim exp5ses y 9curr$ t 7 n 9clud$ 9 ! "pn]%ip /ate;t ( 9come & exp5ses1 &= : ! "pn]%ip did n reimburse y4 ---- """""""""""""""""""""""""""" 4#---- ---- """""""""""""""""""""""""""" 4#---- ---- """""""""""""""""""""""""""" 4#---- ---- """""""""""""""""""""""""""" 4#---- ---- """""""""""""""""""""""""""" 4#---- ,total 75t] ? am.t on l9e ;i abv7 4#---- ,calcul,n ( busi;s-use-(-home exp5ses ,h1t """""""""""""""""""""""""""" 4#---- ,electric;y """"""""""""""""""""" 4#---- ,9sur.e """"""""""""""""""""""""" 4#---- ,ma9t5.e """""""""""""""""""""""" 4#---- #bha ,t#babd b#b ,mortgage 9t]e/ """"""""""""""""" 4#---- ,prop]ty taxes """""""""""""""""" 4#---- ,o!r exp5ses """""""""""""""""""" 4#---- ,subtotal """"""""""""""""""""""" 4#---- .,m9us--,p]sonal-use "p """"""""" 4#---- ,subtotal """"""""""""""""""""""" 4#---- .,plus --,capital co/ all[.e 7busi;s "p only7 """""""""""""""""""" 4#---- --,am.t c>ri$ =w>d f previ\s ye> """"""""""""""""""""""""" 4#---- 7#a7 ,subtotal """""""""""""""""" 4#---- 7#b7 .,m9us--,net 9come 7loss7 af adju/;ts 7f l9e ;j abv7--,if negative1 5t] 8#j0 """""""""""" 4#---- ,busi;s-use-(-home exp5ses availa# 6c>ry =w>d 7l9e #a .m9us l9e #b7--,if negative1 5t] 8#j0 """""""""""""""""""""" 4#---- .,all[a# .claim 7! less] ( am.ts #a or #b abv7--,5t] ? am.t on l9e #iide abv """"""""""""""""" 4#---- #bhb ,details ( o!r "pn]s c#b ,transcrib]'s note3 7,5t] z _m l9es z nec =! foll[+47 ,"n & a4ress ---- ,%>e ( net 9come or 7loss7 4#---- ,p]c5tage ( "pn]%ip ----@3p ,details ( equ;y 7#iica7 ,total busi;s liabilities 4#---- 7#iicb7 ,draw+s 9 #bjjf """"""""" 4#---- 7#iicc7 ,capital 3tribu;ns 9 #bjjf """"""""""""""""""""""""" 4#---- #bhc ,>ea ;,a--,calcul,n ( capital #c co/ all[.e 7,,cca7 claim ,transcrib]'s note3 7,! foll[+ *>t is set up 9 t5 columns4 ,! columns >e labell$ z foll[s3 7#a7 ,class numb] 7#b7 ,undepreciat$ capital co/ 7,,ucc7 at ! />t (! ye> 7#c7 ,co/ ( a4i;ns 9 ! ye> 7see ,>1s ;,b & ;,c 2l7 7#d7 ,proce$s ( 4posi;ns 9 ! ye> 7see ,>1s ;,d & ;,e 2l7 7#e7 99 ,,ucc af a4i;ns & 4posi;ns 7col4 #b .plus col4 #c .m9us col4 #d7 7#f7 ,adju/;t = curr5t ye> a4i;ns 7"o- half multipli$ by 7col4 #c .m9us col4 #d774 ,if negative1 5t] 8#j0 7#g7 ,base am.t = capital co/ all[.e 7col4 #e .m9us col4 #f7 7#h7 ,rate @3p 7#i7 ,,cca =! ye> 7col4 #g multipli$ 0col4 #h1 or an adju/$ am.t7 #bhd ,t#babd a#c 7#aj7 ,,ucc at ! 5d (! ye> 7col4 #e .m9us col4 #i77 7#a7 ,class ---- 7#b7 ,/>t ( ye> 4#---- 7#c7 ,a4i;ns 4#---- 7#d7 ,4posi;ns 4#---- 7#e7 99 ,a4i;ns & 4posi;ns 7,col4 #b .plus col4 #c .m9us col4 #d7 4#---- 7#f7 ,adju/;t 7"o-half multipli$ by 7col4 #c .m9us col4 #d74 ,if negative1 5t] 8#j0 4#---- 7#g7 ,base am.t 7col4 #e .m9us col4 #f7 4#---- 7#h7 ,rate ----@3p 7#i7 ,,cca 7col4 #g multipli$ 0col4 #h1 or an adju/$ am.t7 4#---- ..,total ,,cca claim =! .ye> 75t] ? am.t1 m9us any p]sonal "p & any ,,cca = busi;s-use-(-home exp5ses1 on l9e #iicf on page #a ( ? =m 99997 7add all am.ts "u column #i7 4#---- 7#aj7 ,5d ( ye> 7col4 #e m9us col4 #i7 4#---- #bhe ,t#babd b#c 99 ,if y h a negative am.t 9 ? column1 add x 69come z a recapture on l9e #hbcj1 8,o!r 9come10 on page #a4 ,if no prop]ty is left 9 ! class & "! is a positive am.t 9 ! column1 deduct ! am.t f 9come z a t]m9al loss on l9e #ibgj1 8,o!r exp5ses10 on page #a4 ,recapture & t]m9al loss d n apply 6a class #aj.a prop]ty4 ,= m 9=m,n1 r1d ,*apt] #d (! ,busi;s & ,profes.nal ,9come guide4 9999 ,= 9=m,n on ! ,,cca = 8,calcul,n ( busi;s-use-(-home exp5ses01 r1d ,*apt] #d--,special ,situ,ns 9 ! ,busi;s & ,profes.nal ,9come guide4 ,>ea ;,b--,details ( equip;t a4i;ns 9 ! ye> ,transcrib]'s note3 7,! foll[+ is set up 9 five columns47 7#a7 ,class numb] ---- 7#b7 ,prop]ty details ---- #bhf ,t#babd c#c 7#c7 ,total co/ 4#---- 7#d7 ,p]sonal "p 7if applica#7 4#---- 7#e7 ,busi;s "p 7column #c .m9us column #d7 4#---- 7#iibe7 ,total equip;t a4i;ns 9 ! ye> 7add all am.ts 9 column #e7 4#---- ,>ea ;,c--,details ( build+ a4i;ns 9 ! ye> ,transcrib]'s note3 7,! foll[+ is set up 9 five columns47 7#a7 ,class numb] ---- 7#b7 ,prop]ty details ---- 7#c7 ,total co/ 4#---- 7#d7 ,p]sonal "p 7if applica#7 4#---- 7#e7 ,busi;s "p 7column #c .m9us column #d7 4#---- 7#iibg7 ,total build+ a4i;ns 9 ! ye> 7add all am.ts 9 column #e7 4#---- #bhg ,>ea ;,d--,details ( equip;t d#c 4posi;ns 9 ! ye> ,transcrib]'s note3 7,! foll[+ is set up 9 five columns47 7#a7 ,class numb] ---- 7#b7 ,prop]ty details ---- 7#c7 ,proce$s ( 4posi;n 7%d n 2 m ?an ! capital co/7 4#---- 7#d7 ,p]sonal "p 7if applica#7 4#---- 7#e7 ,busi;s "p 7column #c .m9us column #d7 4#---- 7#iibf7 ,total equip;t 4posi;ns 9 ! ye> 7add all am.ts 9 column #e7 4#---- ,note3 ,if y 4pos$ ( prop]ty f yr busi;s 9 ! ye>1 see ,*apt] #d 9 ! ,busi;s & ,profes.nal ,9come guide = 9=m,n ab yr proce$s ( 4posi;n4 #bhh ,>ea ;,e--,details ( build+ e#c 4posi;ns 9 ! ye> ,transcrib]'s note3 7,! foll[+ is set up 9 five columns47 7#a7 ,class numb] ---- 7#b7 ,prop]ty details ---- 7#c7 ,proce$s ( 4posi;n 7%d n 2 m ?an ! capital co/7 4#---- 7#d7 ,p]sonal "p 7if applica#7 4#---- 7#e7 ,busi;s "p 7column #c .m9us column #d7 4#---- 7#iibh7 ,total build+ 4posi;ns 9 ! ye> 7add all am.ts 9 column #e7 4#---- ,note3 ,if y 4pos$ ( prop]ty f yr busi;s 9 ! ye>1 see ,*apt] #d 9 ! ,busi;s & ,profes.nal ,9come guide = 9=m,n ab yr proce$s ( 4posi;n4 #bhi ,>ea ;,f--,details ( l& f#c a4i;ns & 4posi;ns 9 ! ye> 7#iibc7 ,total co/ ( all l& a4i;ns 9 ! ye> """""""""""""""" 4#---- 7#iibd7 ,total proce$s f all l& 4posi;ns 9 ! ye> """""""""""""" 4#---- ,note3 ,y _c claim capital co/ all[.e on l&4 --------------------------------------#d ,*>t ;,a--,motor vehicle exp5ses 7#a7 ,5t] ! kilometres y drove 9 ! tax ye> 6e>n busi;s 9come """"" ---- 7#b7 ,5t] ! total kilometres y drove 9 ! tax ye> """"""""""""""" ---- 7#c7 ,fuel & oil """""""""""""""" 4#---- 7#d7 ,9t]e/ 7see ,*>t ;,b 2l7 """ 4#---- 7#e7 ,9sur.e """""""""""""""""""" 4#---- 7#f7 ,lic;e & regi/r,n """""""""" 4#---- 7#g7 ,ma9t5.e & repairs """"""""" 4#---- 7#h7 ,l1s+ 7see ,*>t ;,c 2l7 """" 4#---- #bij ,t#babd a#d 7#i7 ,o!r exp5ses 7pl1se specify7 4#---- 7#aj7 """"""""""""""""""""""""""" 4#---- 7#aa7 ..,total motor vehicle .exp5ses3 ,add l9es #c 6#aj """ 4#---- 7#ab7 ,busi;s-use "p3 7l9e #a ---- divid$ 0l9e #b ----7 multipli$ 0l9e #aa 4#---- """"" 4#---- 7#ac7 ,busi;s p>k+ fees """"""""" 4#---- 7#ad7 ,supple;t>y ,busi;s ,9sur.e 4#---- 7#ae7 ,add l9es #ab1 #ac1 & #ad 4#---- ..,all[a# motor vehicle .exp5ses3 ,5t] ! am.t ( l9e #ae at l9e #ibha on page #a ,note3 ,y c claim ,,cca on motor vehicles 9 ,>ea ;,a on page #c4 #bia ,*>t ;,b--,availa# 9t]e/ b#d exp5se = pass5g] vehicles 7,a7 ,total 9t]e/ paya# 7a3rual me?od7 or pd 7ca% me?od7 9 ! fiscal p]iod """""""""""""""""" 4#---- 7,b7 4#---- 99 multipli$ 0! numb] ( "ds 9 ! fiscal p]iod = : 9t]e/ 0 paya# 7a3rual me?od7 or pd 7ca% me?od7 4#---- """"""""" 4#---- .,availa# .9t]e/ .exp5se3 am.t ;,a or ;,b1 :i*"e is less 75t] ? am.t on l9e #d ( ,*>t ;,a7 "" 4#---- 99 ,= pass5g] vehicles b"\3 --f ,septemb] #a1 #aihi1 6,decemb] #ca1 #aiif1 & f #bjja 6#bjjf1 use 4#aj --f #aiig 6#bjjj1 use 4#h.cc #bib ,*>t ;,c--,eligi# l1s+ co/s c#d = pass5g] vehicles 7#a7 ,total l1se *>ges 9curr$ 9 yr #bjjf fiscal p]iod =! vehicle """"""""""""""""""""""" 4#---- 7#b7 ,total l1se pay;ts deduct$ 2f yr #bjjf fiscal p]iod =! vehicle """"""""""""""""""""""" 4#---- 7#c7 ,total numb] ( "ds ! vehicle 0 l1s$ 9 yr #bjjf & previ\s fiscal p]iods """"""""""""""""" 4#---- 7#d7 ,manufactur]'s li/ price """ 4#---- 7#e7 ,! am.t on l9e #d or 74#ce1bid 99 plus ,,gst & ,,pst1 or ,,hst on 4#ce1bid71 :i*"e is m 4#---- multipli$ 0#he@3p """"""""""""""""""""""" 4#---- 7#f7 ,774#hjj 99 plus ,,gst & ,,pst1 or ,,hst on 4#hjj7 multipli$ 0l9e #c7' divid$ 0#cj 4#---- m9us l9e #b3 4#---- """" 4#---- #bic ,t#babd d#d 7#g7 ,774#cj1jjj 99 plus ,,gst & ,,pst1 or ,,hst on 4#cj1jjj7 multipli$ 0l9e #a7' divid$ 0l9e #e """""""""""""""""""""""""""" 4#---- ,eligi# l1s+ co/3 l9e #f or #g1 :i*"e is less 7,5t] ? am.t on l9e #h ( ,*>t ;,a abv7 """""""" 4#---- 99 ,if y 5t]$ 96a l1se agree;t 2f ,janu>y #a1 #bjja1 make ! foll[+ *anges 6! *>t3 --l9e #e1 replace 4#ce1bid )3 ,af #aiij & 2f #aiig3 4#bh1bce #aiig3 4#bi1dab #aiih & #aiii3 4#cj1ehh #bjjj3 4#ca1gfe --l9e #f1 replace 4#hjj )3 ,af #aiij & 2f #aiig3 4#fej #aiig3 4#eej #aiih & #aiii3 4#fej #bjjj3 4#gjj #bid ,t#babd e#d --l9e #g1 replace 4#cj1jjj )3 ,af #aiij & 2f #aiig3 4#bd1jjj #aiig3 4#be1jjj #aiih & #aiii3 4#bf1jjj #bjjj3 4#bg1jjj #bie f#d #bif ,canada ,rev5ue ,ag5cy #a ,t#bjcb ;,e 7#jf7 ,t#bjcb--,/ate;t ( ,profes.nal ,activities ,= m 9=m,n on h[ 6-plete ? =m1 see ! ,busi;s & ,profes.nal ,9come guide4 ,code #c ,id5tific,n ,yr "n ---- ,yr social 9sur.e numb] ---- ,f3 7,ye>/,mon?/,"d7 ---- ,to3 7,ye>/,mon?/,"d7 ---- ,0 #bjjf ! la/ ye> ( yr profes.nal busi;s8 ,yes ---- ,no ---- ,busi;s "n ---- ,busi;s a4ress ---- ,c;y1 & prov9ce or t]ritory ---- ,po/al code ---- ,ma9 product or s]vice ---- #big ,t#bjcb a#a ,9du/ry code 7see ! app5dix 9 ! ,busi;s & ,profes.nal ,9come guide7 75t] a #f digit numb]7 ---- ,"pn]%ip fil] id5tific,n numb] ---- ,tax %elt] id5tific,n numb] ---- ,"n & a4ress ( p]son or firm prep>+ ? =m ---- ,busi;s numb] 75t] a #ae digit numb]7 ---- ,yr p]c5tage (! "pn]%ip ----@3p ,9come 7a7 ,profes.nal fees 79cludes "w-in-progress7 """""" 4#---- .,m9us --,gds & s]vices tax/h>moniz$ sales tax 7,,gst/,,hst7 & prov9cial sales tax 7if 9clud$ 9 fees abv7 4#---- --,"w-in-progress 7,,wip71 5d (! ye> 7elec;n 6exclude #bih ,t#bjcb b#a ,,wip1 see ,*apt] #b (! guide7 """""""""""" 4#---- 7b7 ,total (! abv two l9es """"""""""""""""""" 4#---- 4#---- ,subtotal 7l9e ;a .m9us l9e ;b7 """"""""""""""""""""""" 4#---- .,plus--,"w-in-progress1 />t (! ye> 7elec;n 6exclude ,,wip1 see ,*apt] #b (! guide7 """"""""""" 4#---- 7#hjjj7 .,adju/$ .profes.nal .fees 7total (! abv two l9es7 4#---- 7#hbij7 ,res]ves deduct$ la/ ye> 4#---- 7#hbcj7 ,o!r 9come """""""""""""" 4#---- 7c7 & 7#hbii7 .,gross .9come 7total (! abv ?ree l9es7--,5t] on l9e #afd ( yr 9come tax return """""""""""""""""""""""" 4#---- ,exp5ses 75t] busi;s "p only7 7#heba7 ,adv]tis+ """""""" 4#---- 7#heij7 ,bad debts """"""" 4#---- #bii ,t#bjcb c#a 7#hgfj7 ,busi;s tax1 fees1 lic;es1 dues1 memb]%ips1 & subscrip;ns """""""""" 4#---- 7#ibge7 ,deliv]y1 freit ;,a on page #d7 """""""""""""""""""" 4#---- 7#hhaj7 ,(fice exp5ses """ 4#---- 7#hhaa7 ,supplies """""""" 4#---- 7#hhfj7 ,legal1 a3.t+1 & o!r profes.nal fees """" 4#---- 7#iahj7 ,prop]ty taxes """ 4#---- 7#hiaj7 ,r5t """"""""""""" 4#---- #cjj ,t#bjcb d#a 7#ijfj7 ,sal>ies1 wages1 & b5efits 79clud+ employ]'s 3tribu;ns7 """ 4#---- 7#ibjj7 ,travel """""""""" 4#---- 7#ibbj7 ,teleph"o & utilities """""""""""""" 4#---- 7#ibgj7 ,o!r exp5ses """"" 4#---- ,subtotal """""""""""""""" 4#---- 7#iice7 ,all[.e on eligi# capital prop]ty """""""" 4#---- 7#iicf7 ,capital co/ all[.e 7f ,>ea ;,a on page #c7 """"""""""""""" 4#---- 7d7 & 7#icfh7 .,total .exp5ses 7total (! abv ?ree l9es7 """"""""""""" 4#---- 4#---- 7#icfi7 ..,net 9come 7loss7 2f .adju/;ts 7l9e ;c .m9us l9e ;d7 """""""""""""" 4#---- 7e7 ,yr %>e ( l9e #icfi abv """"" 4#---- 7f7 & 7#iidc7 .,m9us--,o!r am.ts deducti# f yr %>e ( net "pn]%ip #cja ,t#bjcb e#a 9come 7loss7 7f ! *>t on page #b7 """"""""""""""""""""""""""" 4#---- 7g7 ..,net 9come 7loss7 af .adju/;ts 7l9e ;e .m9us l9e ;f7 4#---- 7h7 & 7#iide7 .,m9us--,busi;s- use-(-home exp5ses 7f ! *>t on page #b7 """""""""""""""""""""" 4#---- 7#iidf7 ..,yr net 9come 7.loss7 7l9e ;g .m9us l9e ;h7 75t] on l9e #acg ( yr 9come tax return7 4#---- --------------------------------------#b ,o!r am.ts deducti# f yr %>e ( net "pn]%ip 9come 7loss7 ,claim exp5ses y 9curr$ t 7 n 9clud$ 9 ! "pn]%ip /ate;t ( 9come & exp5ses1 &= : ! "pn]%ip did n reimburse y4 ---- """""""""""""""""""""""""""" 4#---- ---- """""""""""""""""""""""""""" 4#---- ---- """""""""""""""""""""""""""" 4#---- ---- """""""""""""""""""""""""""" 4#---- ---- """""""""""""""""""""""""""" 4#---- #cjb ,t#bjcb a#b .,total 75t] ? am.t on ! l9e ;f on page #a7 """"""""""""""""""" 4#---- ,calcul,n ( busi;s-use-(-home exp5ses ,h1t """""""""""""""""""""""""""" 4#---- ,electric;y """"""""""""""""""""" 4#---- ,9sur.e """"""""""""""""""""""""" 4#---- ,ma9t5.e """""""""""""""""""""""" 4#---- ,mortgage 9t]e/ """"""""""""""""" 4#---- ,prop]ty taxes """""""""""""""""" 4#---- ,o!r exp5ses """""""""""""""""""" 4#---- ,subtotal """"""""""""""""""""""" 4#---- .,m9us--,p]sonal-use "p """"""""" 4#---- ,subtotal """"""""""""""""""""""" 4#---- .,plus --,capital co/ all[.e 7busi;s "p only7 """""""""""""""""""" 4#---- --,am.t c>ri$ =w>d f previ\s ye> """"""""""""""""""""""""" 4#---- 7#a7 ,subtotal """""""""""""""""" 4#---- #cjc ,t#bjcb b#b 7#b7 .,m9us--,net 9come 7loss7 af adju/;ts 7f l9e ;g on page #a7 --,if negative1 5t] 8#j0 """""" 4#---- ,busi;s-use-(-home exp5ses availa# 6c>ry =w>d 7l9e #a .m9us l9e #b7--,if negative1 5t] 8#j0 """""""""""""""""""""" 4#---- .,all[a# .claim 7! less] ( am.ts #a or #b abv7--,5t] ? am.t on l9e #iide on page #a """""""""" 4#---- ,details ( o!r "pn]s ,transcrib]'s note3 7,5t] z _m l9es z nec =! foll[+47 ,"n & a4ress ---- ,%>e ( net 9come or 7loss7 4#---- ,p]c5tage ( "pn]%ip ----@3p #cjd ,details ( equ;y c#b 7#iica7 ,total busi;s liabilities 4#---- 7#iicb7 ,draw+s 9 #bjjf """"""""" 4#---- 7#iicc7 ,capital 3tribu;ns 9 #bjjf """"""""""""""""""""""""" 4#---- --------------------------------------#c ,>ea ;,a--,calcul,n ( capital co/ all[.e claim ,transcrib]'s note3 7,! foll[+ *>t is set up 9 t5 columns4 ,! columns >e labell$ z foll[s3 7#a7 ,class numb] 7#b7 ,undepreciat$ capital co/ 7,,ucc7 at ! />t (! ye> 7#c7 ,co/ ( a4i;ns 9 ! ye> 7see ,>1s ;,b & ;,c 2l7 7#d7 ,proce$s ( 4posi;n 9 ! ye> 7see ,>1s ;,d & ;,e 2l7 7#e7 99 ,,ucc af a4i;ns & 4posi;ns 7,column #b .plus column #c .m9us column #d7 7#f7 ,adju/;ts = curr5t ye> a4i;ns 7"o-half multipli$ by 7column #cje ,t#bjcb a#c #c .m9us column #d74 ,if negative1 5t] 8#j0 7#g7 ,base am.t = ,,cca 7,column #e .m9us column #f7 7#h7 ,rate @3p 7#i7 ,,cca =! ye> 7,column #g multipli$ 0#h1 or an adju/$ am.t7 7#aj7 ,,ucc at ! 5d (! ye> 7,column #e .m9us column #i77 7#a7 ,class ,numb] ---- 7#b7 ,undepreciat$ capital co/ 4#---- 7#c7 ,co/ ( a4i;ns 4#---- 7#d7 ,proce$ ( 4posi;ns 4#---- 7#e7 ,,ucc af a4i;ns & 4posi;ns 7,col4 #b plus col4 #c m9us col4 #d7 4#---- 7#f7 ,adju/;ts = curr5t ye> 7"o-half multipli$ by 7col4 #c m9us col4 #d74 ,if negative1 5t] 8#j0 4#---- 7#g7 ,base am.t = ,,cca 7,col4 #e m9us col4 #f7 4#---- 7#h7 ,rate ----@3p #cjf ,t#bjcb b#c 7#i7 ,,cca =! ye> 7,col4 #g multipli$ 0col4 #h1 or an adju/$ am.t7 4#---- ..,total ,,cca claim =! .ye> 75t] ? am.t1 .m9us any p]sonal "p & any ,,cca = busi;s-use-(-home exp5ses1 on l9e #iicf on page #a 99997 7add all am.ts "u column #i7 4#---- 7#aj7 ,,ucc 5d ( ye> 7,col4 #e m9us col4 #i7 4#---- 99 ,if y h a negative am.t 9 ? column1 add x 69come z a recapture on l9e #hbcj1 8,o!r 9come10 on page #a4 ,if no prop]ty is left 9 ! class & "! is a positive am.t 9 ! column1 deduct ! am.t f 9come z a t]m9al loss on l9e #ibgj1 8,o!r exp5ses10 on page #a4 ,recapture & t]m9al loss d n apply 6a class #aj.a prop]ty4 ,= m 9=m,n1 r1d ,*apt] #d (! ,busi;s & ,profes.nal ,9come guide4 9999 ,= 9=m,n on ,,cca = 8,calcul,n ( busi;s-use-(-home exp5ses01 r1d #cjg ,t#bjcb c#c ,*apt] #d--,special ,situ,ns (! ,busi;s & ,profes.nal ,9come guide4 ,>ea ;,b--,details ( equip;t a4i;ns 9 ! ye> ,transcrib]'s note3 7,! foll[+ is set up 9 five columns47 7#a7 ,class numb] ---- 7#b7 ,prop]ty details ---- 7#c7 ,total co/ 4#---- 7#d7 ,p]sonal "p 7if applica#7 4#---- 7#e7 ,busi;s "p 7column #c .m9us column #d7 4#---- 7#iibe7 ,total equip;t a4i;ns 9 ! ye> 7add all am.ts 9 column #e7 4#---- #cjh ,>ea ;,c--,details ( build+ d#c a4i;ns 9 ! ye> ,transcrib]'s note3 7,! foll[+ is set up 9 five columns47 7#a7 ,class numb] ---- 7#b7 ,prop]ty details ---- 7#c7 ,total co/ 4#---- 7#d7 ,p]sonal "p 7if applica#7 4#---- 7#e7 ,busi;s "p 7column #c .m9us column #d7 4#---- 7#iibg7 ,total build+ a4i;ns 9 ! ye> 7add all am.ts 9 column #e7 4#---- ,>ea ;,d--,details ( equip;t 4posi;ns 9 ! ye> ,transcrib]'s note3 7,! foll[+ is set up 9 five columns47 7#a7 ,class numb] ---- 7#b7 ,prop]ty details ---- 7#c7 ,proce$s ( 4posi;n 7%d n 2 m ?an ! capital co/7 4#---- #cji ,t#bjcb e#c 7#d7 ,p]sonal "p 7if applica#7 4#---- 7#e7 ,busi;s "p 7column #c .m9us column #d7 4#---- 7#iibf7 ,total equip;t 4posi;ns 9 ! ye> 7add all am.ts 9 column #e7 4#---- ,note3 ,if y 4pos$ ( prop]ty f yr busi;s 9 ! ye>1 see ,*apt] #d 9 ! ,busi;s & ,profes.nal ,9come guide = 9=m,n ab yr proce$s ( 4posi;n4 ,>ea ;,e--,details ( build+ 4posi;ns 9 ! ye> ,transcrib]'s note3 7,! foll[+ is set up 9 five columns47 7#a7 ,class numb] ---- 7#b7 ,prop]ty details ---- 7#c7 ,proce$s ( 4posi;n 7%d n 2 m ?an ! capital co/7 4#---- 7#d7 ,p]sonal "p 7if applica#7 4#---- #caj ,t#bjcb f#c 7#e7 ,busi;s "p 7column #c .m9us column #d7 4#---- 7#iibh7 ,total build+ 4posi;ns 9 ! ye> 7add all am.ts 9 column #e7 4#---- ,note3 ,if y 4pos$ ( prop]ty f yr busi;s 9 ! ye>1 see ,*apt] #d 9 ! ,busi;s & ,profes.nal ,9come guide = 9=m,n ab yr proce$s ( 4posi;n4 ,>ea ;,f--,details ( l& a4i;ns & 4posi;ns 9 ! ye> 7#iibc7 ,total co/ ( all l& a4i;ns 9 ! ye> """""""""""""""" 4#---- 7#iibd7 ,total proce$s f all l& 4posi;ns 9 ! ye> """""""""""""" 4#---- ,note3 ,y _c claim capital co/ all[.e on l&4 #caa ,*>t ;,a--,motor vehicle #d exp5ses 7#a7 ,5t] ! kilometres y drove 9 ! tax ye> 6e>n busi;s 9come """"" ---- 7#b7 ,5t] ! total kilometres y drove 9 ! tax ye> """"""""""""""" ---- 7#c7 ,fuel & oil """""""""""""""" 4#---- 7#d7 ,9t]e/ 7see ,*>t ;,b 2l7 """ 4#---- 7#e7 ,9sur.e """""""""""""""""""" 4#---- 7#f7 ,lic;e & regi/r,n """""""""" 4#---- 7#g7 ,ma9t5.e & repairs """"""""" 4#---- 7#h7 ,l1s+ 7see ,*>t ;,c 2l7 """" 4#---- 7#i7 ,o!r exp5ses 7pl1se specify7 4#---- 7#aj7 """"""""""""""""""""""""""" 4#---- 7#aa7 ..,total motor vehicle .exp5ses3 ,add l9es #c 6#aj """ 4#---- 7#ab7 ,busi;s-use "p3 7l9e #a 4#---- divid$ 0l9e #b 4#----7 multipli$ 0l9e #aa 4#---- """"" 4#---- 7#ac7 ,busi;s p>k+ fees """"""""" 4#---- 7#ad7 ,supple;t>y busi;s 9sur.e 4#---- 7#ae7 ,add l9es #ab1 #ac1 & #ad 4#---- #cab ,t#bjcb a#d ,all[a# motor vehicle exp5ses3 ,5t] ! am.t ( l9e #ae at l9e #ibha on page #a4 ,note3 ,y c claim ,,cca on motor vehicles 9 ,>ea ;,a on page #c4 ,*>t ;,b--,availa# 9t]e/ exp5se = pass5g] vehicles 7,a7 ,total 9t]e/ paya# 7a3rual me?od7 or pd 7ca% me?od7 9 ! fiscal p]iod """""""""""""""""" 4#---- 7,b7 4#---- 99 multipli$ 0! numb] ( "ds 9 ! fiscal p]iod = : 9t]e/ 0 paya# 7a3rual me?od7 or pd 7ca% me?od7 4#---- """"""""" 4#---- ,availa# 9t]e/ exp5se3 am.t ;,a or ;,b1 :i*"e is less 75t] ? am.t on l9e #d ( ,*>t ;,a7 """" 4#---- #cac ,t#bjcb b#d 99 ,= pass5g] vehicles b"\3 --f ,septemb] #a1 #aihi1 6,decemb] #ca1 #aiif1 & f #bjja 6#bjje1 use 4#aj --f #aiig 6#bjjj1 use 4#h.cc ,*>t ;,c--,eligi# l1s+ co/s = pass5g] vehicles 7#a7 ,total l1se *>ges 9curr$ 9 yr #bjjf fiscal p]iod =! vehicle """"""""""""""""""""""" 4#---- 7#b7 ,total l1se pay;ts deduct$ 2f yr #bjjf fiscal p]iod =! vehicle """"""""""""""""""""""" 4#---- 7#c7 ,total numb] ( "ds ! vehicle 0 l1s$ 9 yr #bjjf & previ\s fiscal p]iods """"""""""""""""" 4#---- 7#d7 ,manufactur]'s li/ price """ 4#---- 7#e7 ,! am.t on l9e #d or 74#ce1bid 99 plus ,,gst & ,,pst1 or ,,hst on 4#ce1bid71 #cad ,t#bjcb c#d :i*"e is m 4#---- multipli$ 0#he@3p """"""""""""""""""""""" 4#---- 7#f7 ,774#hjj 99 plus ,,gst & ,,pst1 or ,,hst on 4#hjj7 multipli$ 0l9e #c7' divid$ 0#cj 4#---- m9us l9e #b3 4#---- """" 4#---- 7#g7 ,774#cj1jjj 99 plus ,,gst & ,,pst1 or ,,hst on 4#cj1jjj7 multipli$ 0l9e #a7' divid$ 0l9e #e """""""""""""""""""""""""""" 4#---- ,eligi# l1s+ co/3 l9e #f or #g1 :i*"e is less4 7,5t] ? am.t on l9e #h ( ,*>t ;,a abv7 """""""" 4#---- 99 ,if y 5t]$ 96a l1se agree;t 2f ,janu>y #a1 #bjja1 make ! foll[+ *anges 6! *>t3 --l9e #e1 replace 4#ce1bid )3 ,af #aiij & 2f #aiig3 4#bh1bce #aiig3 4#bi1dab #aiih & #aiii3 4#cj1ehh #bjjj3 4#ca1gfe #cae ,t#bjcb d#d --l9e #f1 replace 4#hjj )3 ,af #aiij & 2f #aiig3 4#fej #aiig3 4#eej #aiih & #aiii3 4#fej #bjjj3 4#gjj --l9e #g1 replace 4#cj1jjj )3 ,af #aiij & 2f #aiig3 4#bd1jjj #aiig3 4#be1jjj #aiih & #aiii3 4#bf1jjj #bjjj3 4#bg1jjj #caf