STATEMENT OF NET BUSINESS OR PROFESSIONAL INCOME
         
Name _______________________________
  
S.I.N. _______________
  
Year _______
   
Name of Business _________________________________ Address, if different _________________________
         
Year ended (if other than December 31, see (1))   ___________, 20______    
         
Revenue   __________    
Cost of Goods Sold   __________    
Gross Profit   __________    
         
Expenses:        
Advertising, Marketing & Promotion   __________    
Automotive (business portion only or complete Schedule C)   __________    
Bad Debts   __________    
Bank, interest & credit card charges   __________    
Cleaning & laundry   __________    
Freight & delivery   __________    
Insurance   __________    
Internet   __________    
Leased equipment   __________    
Maintenance & repairs   __________    
Materials & supplies   __________    
Meals & entertainment (limited to 50% deduction)   __________   __________
Office supplies (postage & stationary)   __________    
Payroll & wages   __________    
Professional fees   __________    
Property taxes   __________    
Rental   __________    
Sub-Contracts   __________    
Taxes, permits, fees & dues   __________    
Technical journals & periodicals   __________    
Telecommunication   __________    
Training & development   __________    
Travel   __________    
Utilities (gas, water, hydro)   __________    
Other (please specify): _____________________________   __________    
Home office expenses (please complete Schedule D)   __________    
         
Capital expenditures:        
Furniture & fixtures   __________    
Vehicles - see (2)   __________    
Computer equipment   __________    
Computer software   __________    
Other (please specify: _______________________)   __________    
             
(1) Goods & Services Tax:  
YES
NO
N/A
    
Are you registered for GST?
 
   

If yes, do you collect and remit GST on all your revenue sources?

 
   

If no, identify sources which are not subject to GST (except interest): ____________________________
Do you claim ITC's on GST paid on expenses?
 
   

If yes, have you provided your expenses excluding the GST?

 
   
How often do you file? ______________________________________
Do you use the Quick Method?
 
   
Please provide the following details (or provide a copy of your GST return (s) filed for 2008):

Revenues (excluding GST)

  __________    

GST collected

   __________    

GST remitted to the CRA (including installments)

  __________    
 
(2) For each vehicle purchased or leased during the year, it is extremely important that you provide the following:
- Make and year of vehicle purchased: __________________________________________________________________
- Cost before GST & PST   __________    
- Amount of GST & PST   __________   __________
- Monthly payment amount   __________    
- Trade-in amount (if applicable)   __________    
- Year and make of vehicle traded-in   __________   __________
- If available, please attach the purchase or lease documents
 
(3) Businesses whose physical activity is Construction are required to report to the CRA the name of (amount paid to and the respective identifier number) (Business Number or S.I.N.) of their sub-contractors. These should be recorded on Form T5018 under the Contractor Reporting System.