Sole Proprietor Income & Expense Organizer (Canada)

End of Year Totals
Business Information

Basic contact and tax year information.
Basic contact and tax year information.
Business Name or Your Name*
Enter the name you use for the business or your personal name.
Email Address*
example@example.com
Phone Number
Please enter a valid phone number.Format: (000) 000-0000.
Tax Year*
Business Name
Do you operate under your personal name?

YesNo
Description of Business Activities
Describe what you do in simple terms.
GST/HST Information
Industry Type
Describe your industry in simple terms.
Are you GST/HST registered?

YesNo
GST Number
Filing Frequency
Do you collect GST/HST on your sales?

YesNo
Total GST/HST Collected
Match this to your GST/HST records.
Total GST/HST Paid on Expenses
Match this to your GST/HST records.
Income
Total Sales / Revenue*
Enter the annual total for the selected tax year.
Other Income
Optional. Enter any other business income for the selected tax year.
Income Notes
Use this for brief notes.
Cost of Goods Sold (COGS)
Is cost of goods sold applicable to your business?

YesNo
Opening Inventory
Enter the amount for the selected tax year.
Purchases
Enter the amount for the selected tax year.
Direct Labour
Enter the amount for the selected tax year.
Materials and Supplies
Enter the amount for the selected tax year.
Subcontracts
Enter the amount for the selected tax year.
Closing Inventory
Enter the amount for the selected tax year.
Business Expenses
Advertising
Annual total for the selected tax year.
Meals & Entertainment
Annual total for the selected tax year.
Insurance
Annual total for the selected tax year.
Interest & Bank Charges
Annual total for the selected tax year.
Office Expenses
Annual total for the selected tax year.
Supplies
Annual total for the selected tax year.
Professional Fees (legal, accounting)
Annual total for the selected tax year.
Management/Admin Fees
Annual total for the selected tax year.
Rent (office/shop)
Annual total for the selected tax year.
Repairs & Maintenance
Annual total for the selected tax year.
Salaries & Wages
Annual total for the selected tax year.
Property Taxes
Annual total for the selected tax year.
Travel
Annual total for the selected tax year.
Utilities
Annual total for the selected tax year.
Telephone & Internet
Annual total for the selected tax year.
Delivery/Freight
Annual total for the selected tax year.
Licenses & Permits
Annual total for the selected tax year.
Training / Education
Annual total for the selected tax year.
Bad Debts
Annual total for the selected tax year.
Other Expenses
Annual total for the selected tax year.
Other Expenses Description
Vehicle Use
Did you use a vehicle for business?

YesNo
Vehicle Type
Example: car, truck, van
Total Kilometers Driven (year)
Enter the total kilometers driven during the year.
Business Kilometers Driven
Enter the kilometers driven for business.
Do you have a mileage log?

YesNo
Vehicle Notes
Please upload your mileage log using the Upload Documents form on our website.
Home Office
Did you work from home or use a home office space?

YesNo
Percentage of Home Used for Business or Rooms Used
Enter a percentage or the number of rooms used.
Rent or Mortgage Interest
Full home amount for the year.
Utilities
Full home amount for the year.
Property Tax
Full home amount for the year.
Insurance
Full home amount for the year.
Maintenance and Repairs
Full home amount for the year.
Below is a space to add amounts paid for personal expenses. Please upload receipts so we have them on file in case of an audit.
Medical Expenses
Include eligible medical expenses. Medical travel may be claimed if you were required to travel for care not available in your local area. Please let us know in the notes section.
RRSP Contributions
Charitable Donations
Childcare Expenses
Please make sure to state which child the expenses are for in the notes section
Union or Professional Dues
Tuition (T2202)
If you opened a First Home Savings Account enter the amount you contributed.
Other Personal Expenses Description
eg..moving costs.
Section 9: Final Review
Anything else we should know about your business or this tax year?
Upload Documents

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