All T-slips the corporation received
☐ GST/HST return(s) for the tax year
☐ Financial statements and trial balance – if already
prepared
☐ Invoices and receipts, payroll information, bank
statements – if bookkeeping services are provided
☐ Last year’s return
☐ Copy of incorporation papers
☐ Latest Notice of Assessment
☐ Accounts receivable at end of fiscal year
☐ Amounts payable at end of fiscal year
☐ Employee deductions payable at end of fiscal year
☐ Copy of minute book/director’s resolutions
☐ Fixed Asset Continuity Schedule

☐ All your T-slips for the year
☐ Information of any other income
☐ Business income and expenses compilation for the year
to be filed – if bookkeeping is completed
☐ Invoices and receipt, payroll information and GST/HST
returns – if bookkeeping is completed

For business where individuals operates out of their home, these individuals may able to deduct a portion of their home offices expenses. In some instances tax rules differ, depending on whether you file as a sole proprietor or for a corporation. These expenses may include but not limited to:

☐ Mortgage interest (not principal) or rent
☐ Property tax payments
☐ Utilities
☐ Home insurance payments
☐ Home maintenance and repair costs
☐ Cable/Internet

☐ Advertising - Marketing, SEO 
☐ Business insurance – for business assets, liability
☐ Vehicle expenses – fuel, insurance, lease/bill of sale,
payments with interest, repairs, maintenance, parking,
car washes etc.
☐ Mileage log or kilometers driven for business purposes
☐ Payroll data for employees; PD7A; statement of account
for current source deductions
☐ Other employee expenses
☐ Professional fees – lawyers, accountants, and consultants
☐ Office supplies
☐ Interest expense – business loans, investments expenses
and interest
☐ Travel
☐ Rent/Property tax
☐ Utilities
☐ Accounts payable at end of fiscal year 
☐ Meals and entertainment: receipts should have a list of who
attended and the purpose of the meeting/event

☐ Gross receipts from sales or services
☐ Sales records
☐ Returns and allowances
☐ Business chequing/savings account interest
☐ Other income
☐ Accounts receivable at end of fiscal year (cash basis)

An important notice is that Capital Assets cannot be expensed in the year acquired but must be depreciated over the period of ownership. A separate record should therefore be kept of the purchase and sale of capital assets. Here are some examples of what Capital Assets could be:

☐ Vehicles used for business
☐ Machinery and equipment
☐ Tools
☐ Buildings