The following forms are available tools to assist you in assembling your income tax information. These forms will enable us to prepare your income tax return. Completion of these forms will ensure that you capture all relevant information and provide us with clarity of that information. Please print and complete the applicable form(s), and include any additional income tax information you might have.
Income Tax Checklist
The income tax checklist will assist you in organizing and compiling your income information. Please complete the form and submit it with your information.
Auto Expenses
This form should be completed if you wish to claim automobile expenses. Such expenses are allowable if your employer requires that you use your car for business and provides you with a T2200 form to allow this deduction or if you use your car for your self-employed business/profession.
Home Expenses
This form should be completed if you wish to claim homes expenses. You are entitled to claim a portion of your home if you have a self-employed business. Please indicate for each item if it relates to a monthly or annual amount.
Moving Expenses
This form should be completed if you wish to claim moving expenses. Moving expenses are deductible if you have to move more than 40 Kilometers to gain employment.
Real Estate Rentals
The T776 form is to be completed by individuals with rental properties. Please prepare a form for each property you own.
T2125 Business and Professional Activities
The T2125 form is to be completed by self-employed individuals.
Fixed Asset Additions
Complete the Fixed Asset Additions form if you are self-employed and purchased equipment during the year such as office equipment, computers, printers and any other major purchase greater than $500. If you purchased an automobile, include the information with the Auto Expenses form.
NET WORTH STATEMENT
This form will assist you in calculating your personal net worth by subtracting your liabilities from your assets. Completion of the personal net worth statement could assist you and Abrams & Company with recognizing personal income tax planning opportunities.
