1. Name of business
2. Total income for the calendar year 2007
3. Purchases of goods and materials if you resell them as part of your business
4. If you sell goods, inventory value on January, 1 2007 and on December 31, 2007
5. Amounts paid to a subcontractor
6. Advertising
7. Bad Debts - amount included in item 2 that you do not expect to ever collect
8. Business taxes paid to local municipalities, fees, licenses, dues,
9. Business related memberships and subscriptions
10. Delivery, freight and express, couriers
11. Equipment rental
12. Insurance (fire, theft, liability)
13. Interest on money borrowed to run the business (get a statement from the bank), bank charges
14. Maintenance and Repairs, Leases of equipment, computers, etc.
15. Management and Administration fees paid to other companies
16. Meals and entertainment (write on the back of the receipt the name of the person you invited)
17. Office expenses (including, postage, business cards, stationery, telephone and other supplies)
18. Supplies under $ 500 for any one item.
19. Accounting (for example,Burlington Tax Services), legal, collection and consulting expenses
20. Rent (if you had a store or if you rented a locker in 2007)
21. Purchases of any supplies over $ 200 each such as computers, printers, furniture, software, etc.
22. Salaries (including the employer's contribution to CPP/QPP, EI, EHT, etc.)
23. Travel expenses such as taxi, trains, airlines, car rental, buses and hotels
24. Business Telephones (you are not allow to deduct the phone line in your home), cellular phones, pagers, etc.
25. Other expenses such as utilities in your store, etc.
26. Premiums paid for coverage under a private health services plan
27. Convention expenses
28. Internet
29. Car mileage (it is very important to keep a daily log of business and personal mileage)
30. How much you spent in gasoline in 2007
31. Car repairs
32. Car Insurance
33. Leasing costs if you do not own the car
34. How much to spent to buy your car and in which year (if car is not leased)
35. Car License
36. Automobile Club
37. Parking fees
38. If you borrowed money to buy the car, how much interest did you pay the bank (the bank will let you know if you ask them)
39. If you have an office in the house:
40. How much did you spend to heat the house in 2007 ?
41. Electricity for 2007
42. House insurance
43. House maintenance such as painting, house repairs, etc.
44. Interest on the mortgage (the bank should have sent you a statement in January 2007)
45. Property taxes on the house
46. Other expenses, for example cable TV if you have a daycare business

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