Cra Forms Form – Fill Out and Use This PDF

For more information on how to complete this form, see the BUSINESS AND PROFESSIONAL INCOME guide.

	Identification		Your social insurance number
Your name
						—				—

3

Professional fees (includes work-in-progress)
Minus – Goods and services tax/harmonized sales tax (GST/HST) and provincial sales tax (if included in fees above)
		– Work-in-progress (WIP), end of the year (election to exclude WIP, see Chapter 2 of the guide)
		Total of the above two lines
			Subtotal (line a minus line b)
Plus – Work-in-progress, start of the year (election to exclude WIP, see Chapter 2 of the guide)
		Adjusted professional fees (total of the above two lines)								8000
Reserves deducted last year										8290
Other income										8230
		Gross income (total of the above three lines) – Enter on line 164 of your income tax return								8299

a

b

c

Expenses (enter business part only)

Advertising					8521
Bad debts					8590
Business tax, fees, licences, dues, memberships, and subscriptions					8760
Delivery, freight, and express					9275
Fuel costs (except for motor vehicles)					9224
Insurance					8690
Interest					8710
Maintenance and repairs					8960
Management and administration fees					8871
Meals and entertainment (allowable part only)					8523
Motor vehicle expenses (not including CCA) (see Chart A on page 4)					9281
Office expenses					8810
Supplies					8811
Legal, accounting, and other professional fees					8860
Property taxes					9180
Rent					8910
Salaries, wages, and benefits (including employer's contributions)					9060
Travel ( including transportation fees, accommodations, and allowable portion of meals)					9200
Telephone and utilities					9220
Other expenses		9270
		Subtotal
Allowance on eligible capital property					9935
Capital cost allowance (from Area A on page 3)					9936
Total expenses (total of the above three lines)		9368
Net income (loss) before adjustments (line c minus line d)
Your share of line 9369 above

Minus – Other amounts deductible from your share of net partnership income (loss) (from the chart on page 2)

Net income (loss) after adjustments (line e minus line f)

Minus – Business-use-of-home expenses (from the chart on page 2)

Your net income (loss) (line g minus line h) (enter on line 137 of your income tax return)

9369

9943

9945

9946

d

e

f

g h

Other amounts deductible from your share of net partnership income (loss)

Claim expenses you incurred that were not included in the partnership statement of income and expenses, and for which the partnership did not reimburse you.

Total (enter this amount on line f on page 1)

Calculation of business-use-of-home expenses

Heat

Electricity

Insurance

Maintenance

Mortgage interest

Property taxes

Other expenses

Subtotal

Minus – Personal use part

Subtotal

Plus – Capital cost allowance (business part only)

– Amount carried forward from previous year

Subtotal

Minus – Net income (loss) after adjustments (from line g on page 1) – If negative, enter "0"

Business-use-of-home expenses available to carry forward (line 1 minus line 2) – If negative, enter "0"

Allowable claim (the lesser of amounts 1 or 2 above) – Enter this amount on line 9945 on page 1

Details of other partners

Share of

Percentage of

net income

Name

$

partnership

or (loss)

and

address

Share of

Percentage of

net income

Name

$

partnership

or (loss)

and

address

Share of

Percentage of

net income

Name

$

partnership

or (loss)

and

address

Share of

Percentage of

net income

Name

$

partnership

or (loss)

and

address

Details of equity

Total business liabilities

9931

Drawings in 2007

9932

Capital contributions in 2007

9933

1

2

%

%

%

%

12

Class Undepreciated

number capital cost (UCC) at the start of the year

3

Cost of additions

in the year

(see Areas B and C below)

4

Proceeds of dispositions in the year (see Areas D and E below)

5 *

UCC

after additions and dispositions

(col. 2 plus col. 3

minus col. 4)

6	7	8
Adjustment for current	Base amount for	Rate
year additions	CCA	%
(1/2 x (col. 3 minus	(col. 5 minus col. 6)
col. 4))
If negative, enter "0"

9

CCA

for the year

(col. 7 x col. 8 or

an adjusted amount)

10

UCC at the end

of the year

(col. 5 minus col. 9)

1

Class number

2

Property

details

3

Total cost

4

Personal part (if applicable)

5

Business part (column 3 minus column 4)

1

Class

number

2

Property

details

3	4
Proceeds of disposition	Personal part
(should not be more	(if applicable)
than the capital cost)

5

Business part (column 3 minus column 4)

1

Class

number

2

Property details

3	4
Proceeds of disposition	Personal part
(should not be more	(if applicable)
than the capital cost)

5

Business part (column 3 minus column 4)

Chart A – Motor vehicle expenses

Enter the kilometres you drove in the tax year to earn business income

Enter the total kilometres you drove in the tax year

Fuel and oil

Interest (see Chart B below)

Insurance

Licence and registration

Maintenance and repairs

Leasing (see Chart C below)

Other expenses (please specify)

Total motor vehicle expenses: Add lines 3 to 10

Business use part:	(	line 1	) X line 11		= $
		line 2
Business parking fees
Supplementary business insurance
Add lines 12, 13, and 14

Allowable motor vehicle expenses: Enter the amount from line 15 at line 9281 on page 1

Note: You can claim CCA on motor vehicles in Area A on page 3.

Chart B – Available interest expense for passenger vehicles

Total interest payable (accrual method) or paid (cash method) in the fiscal period

	$	* ×		the number of days in the fiscal period for which interest
				was payable (accrual method) or paid (cash method)

Available interest expense: amount A or B, whichever is less (enter this amount on line 4 of Chart A above) $

* For passenger vehicles bought:	• from September 1, 1989 to December 31, 1996, and from 2001 to 2007, use $10
	• from 1997 to 2000, use $8.33

Chart C – Eligible leasing costs for passenger vehicles

Total lease charges incurred in your 2007 fiscal period for the vehicle. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Total lease payments deducted before your 2007 fiscal period for the vehicle. . . . . . . . . . . . . . . . . . . . . . . . . . . .

Total number of days the vehicle was leased in your 2007 and previous fiscal periods . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

The amount on line 4 or ($35,294 * + GST ** and PST, or HST on $35,294), whichever is more

$	× 85% =		. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[($800 * + GST** and PST, or HST on $800) × line 3 ]					– line 2:		. . . . . . . . . . . =
	30

[($30,000 * + GST** and PST, or HST on $30,000) × line 1]. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . = line 5

Eligible leasing cost: line 6 or 7, whichever is less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (Enter this amount on line 8 of Chart A above)

* If you entered into a lease agreement before January 1, 2001, make the following changes to the chart:

		After 1990		1998
		and	1997		and		2000
		before 1997			1999
• for line 5, replace $35,294 with:		$28,235	$29,412	$30,588		$31,765
• for line 6, replace	$800 with:	650	550	650		700
• for line 7, replace $30,000 with:		24,000	25,000	26,000		27,000

** Use a GST rate of 7% or HST rate of 15% for the periods before July 1, 2006. Use a GST rate of 6% or HST rate of 14% for the periods after June 30, 2006.

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

A

B

1

2

3

4

5

6

7