How to compute the statement of business or professional activities (T2125 Form)? See pictures below.

BONUS COMPONENT (optional) In addition, this year she has started to do some private consulting work and from that she earned an additional $13,225 in professional income this year. Anna has not been setting aside any of that income to account for the taxes that she will have to pay on that income and so she is nervous about owing a large amount in taxes that she is not prepared for. Luckily, because she earned less than $30,000 this year it was okay that she didn't charge or collect any HST for her services, but she might have to reconsider that for the future. When Anna decided to begin working for herself, she set up a home office in the extra bedroom in her apartment, which is approximately 150 square feet. She also made the decision to invest in a home computer from Best Buy that she would use only for professional purposes. Even though the new computer was expensive, Anna felt it was a good investment since she could claim the cost as a business expense. However, a friend told her that since she will be using the computer for several years, she can't claim the total bill all at once but that she needs to check the CCA class and rate to know how much she can claim. From her research she has learned that her computer is in CCA class 50 and therefore at a CCA rate of 55% - somewhere on the self-employment tax form there is a table to help her use this information calculate what she can claim this year. Anna also plans to claim part of her phone and internet bill as a business expense since she has been using them for business and personal use - a 50/50 split. She knows that, like her rent, there is a way to claim these sorts of things that are partly her home and partly her business. Otherwise she hasn't had any other real business expenses. But, Anna does know that her self-employment will complicate her CPP payments and also that she'll have to contribute some extra money to E.I. as well so she'll have a few extra forms, to fill out. She'll also have to be sure to claim only the personal part of her rent expenses when she applies for the Trillium Benefit since a friend of hers got audited for forgetting to subtract the home office portion she had claimed. Not to mention that whole new self-employment form to complete...better get started! 1:52 PM Tue Nov 10 95% t2125-19.pdf ... Protected B when completed Part 3A - Business Income Fill in this part only if you have business income. If you have professional income, leave this part blank and fill in Part 3B. If you have both business and professional income, you have to fill out a separate Form T2125 for each. Part 3B - Professional income Fill in this part only if you have professional income. If you have business income, leave this part blank and fill in Part 3A. If you have both business and professional income, you have to fill out a separate Form T2125 for each Note: New rules allow you to include your work in progress (WIP) progressively if you elected to use billed basis accounting for the last tax year that started before March 22, 2017. Generally, for the first tax year that starts after March 21, 2017. you must include 20% of the lesser of the cost and the fair market value of WIP. The inclusion rate increases to 40% in the second tax year that starts after March 21, 2017, 60% in the third year, 80% in the fourth year, and 100% in the fifth and all subsequent tax years. For more information, see chapter 2 of guide T4002. 3B 13C 3F | 3G 3H 131 3J 3K - Part 3A - Business income Gross sales, commissions, or lees (include GST/HST collected or collectible)............................ GST/HST, provincial sales tax, returns, allowances, discounts, and GST/HST adjustments (included in amount 3A) Subtotal: Amount 3A minus amount 3B If you are using the quick method for GST/HST - Government assistance calculated as follows: GST/HST collected or collectible on sales, commissions and fees eligible for the quick method...... 3D GST/HST remitted, (sales, commissions, and fees eligible for the quick method plus 3E GST/HST collected or collectible) multiplied by the applicable quick method remittance rate....... Subtotal: Amount 3D minus amount 3E Adjusted gross sales: Amount 3C plus amount 3F (enter on line 8000 of Part 3) ........... Part 3B - Professional income Gross professional fees including work-in-progress (WIP) and GST/HST collected or collectible ........................ GST/HST. provincial sales tax, returns, allowances, discounts, and GST/HST adjustments (included in amount 3H) and any WIP at the end of the year you elected to exclude ..... Subtotal: Amount 3H minus amount 31 If you are using the quick method for GST/HST - Government assistance calculated as follows: GST/HST collected or collectible on professional foes eligible for the quick method .............. GST/HST remitted. (professional fees eligible for the quick method plus GST/HST collected or collectible) multiplied by the applicable quick method remittance rate........... 3L Subtotal: Amount 3K minus amount 3L Work-in-progress (WIP), start of the year, per election to exclude WIP (see Guide T4002, Chapter 2)...... Adjusted professional fees: Amount 3 plus amount 3M plus amount 3N (enter on line 8000 of Part 3) -Part 3C - Gross business or professional income Adjusted gross sales (amount 3G) or adjusted professional fees (amount 30 8000 Reserves deducted last year.... 8290 Other income...... 8230 Subtotal: Line 8290 plus line 8230 Gross business or professional income: Line 8000 plus amount 3P Report the gross business or professional income from line 8299 on the applicable line of your income tax and benefit return as indicated below: business income on line 13499 professional income on line 13699 . commission income on line 13899 13M 3M 3N 30 3P 0299 30 8300 3R 8320 For Parts 3D, 4, and 5, if GST/HST has been remitted or an input tax credit has been claimed, do not include GST/HST when you calculate the cost of goods sold, expenses, or net income (loss). - Part 3D - Cost of goods sold and gross profit If you have business income, fill in this part. Enter only the business part of the costs. . Gross business income (line 8299 of Part 3C)................. Opening inventory (include raw materials, goods in process, and finished goods) 3S Purchases during the year (net of returns, allowances, and discounts) 3T Direct wage costs 3U Subcontracts 8360 8450 3V Other costs. Subtotal: Add amounts 3R to 3V 3W Closing inventory (include raw materials, goods in process, and finished goods) ... 8518 8518 Cost of goods sold: Amount 3W minus line 8500 8519 Gross profit (or loss): Amount 30 minus line 8518. 8340 8500 Page 2 of 6 1:52 PM Tue Nov 10 95%O t2125-19.pdf ... 1 Protected B when completed Part 4 - Net income (loss) before adjustments Gross business or professional income (line 8299 of Part 3C) or Gross profit (line 8519 of Part 3D). 4A Expenses (enter only the business part) Advertising 8521 4B Meals and entertainment. 8523 4C Bad debts 8590 40 Insurance ......... 8690 4E Interest and bank charges. 8710 4F 8760 Business taxes, licences, and memberships 1 4G Office expenses ... 8810 4H Office stationery and supplies. 8811 41 Professional fees (includes legal and accounting fees). 8860 1 4 8871 Management and administration fees 4K Rent ......... 8910 4L 1 8960 Repairs and maintenance 4M Salaries, wages, and benefits (including employer's contributions). 9060 4N Property taxes.. 9180 40 Travel expenses 9200 4P Utilities 9220 40 9224 4R Fuel costs (except for motor vehicles). Delivery, freight, and express ............. 9275 4S Motor vehicle expenses (not including CCA) (amount 15 of Chart A) 9281 4T Capital cost allowance (CCA). Enter amount of Area Aminus any personal part and any CCA for business-use-of-home expenses 9936 4U Other expenses (specify): 9270 4V 9368 Total expenses: Total of amounts 48 to 4V Net income (loss) before adjustments: Amount 4A minus line 9368 ...... 9369 Part 5 - Your net income (loss) Your share of line 9369 or the amount from your T5013 slip. Statement of Partnership Income 5A GST/HST rebate for partners received in the year / 9974 Total: Amount 5A plus line 9974 5B 9943 Other amounts deductible from your share of the net partnership income (loss) (amount 6F). Net income (loss) after adjustments: Amount 5B minus line 9943 50 Business-use-of-home expenses (amount 7P ..... 9945 Your net income (loss): Amount 5 minus line 9945 9946 Report the net income amount from line 9946 on the applicable line of your income tax and benefit return as indicated below business income on line 13500 professional income on line 13700 commission income on line 13900 Page 3 o16 Page 3 of 6 1:52 PM Tue Nov 10 0 95% O t2125-19.pdf ... Protected B when completed - Part 6 - Other amounts deductible from your share of the 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. These claims must not be included in the claims already calculated for the partnership. List details of expenses Expense amounts 6A 16B 6C 6D 6E Total other amounts deductible from your share of the net partnership income (loss): Add amounts 6A to 6E (enter this on line 9943 of Part 5) 6F 7A 7B Part 7 - Calculation of business-use-of-home expenses Heat Electricity Insurance Maintenance Mortgage interest Property taxes..... Other expenses (specify: Subtotal: Add amounts 7A to 7G 7C 7D 7E 7F 11 7G 7H 71 7J 7K 7L Personal use part of the business-use-of home expenses............. Subtotal: Amount 7H minus amount 71 Capital cost allowance (business part only), which means amount of Area A minus any portion of CCA that is for personal use or entered on line 9936 of Part 4 Amount carried forward from previous year ... Subtotal: Add amounts 7 to 7L Net income (loss) after adjustments (amount 5C) (if negative, enter "0")......... Business-use-ot-home expenses available to carry forward: Amount 7M minus amount 7N (if negative, enter "0") ......... Allowable claim: The lesser of amount 7M and 7N above (enter your share of this amount on line 9945 of Part 5) 7M 7N 70 7P - Part 8 - Details of other partners Do not fill in this chart if you must file a partnership information return. Name of partner Address Prov./Terr. Postal code Share of net income or loss) Percentage of partnership S 1 % Name of partner Address Prov./Terr. Postal code Share of net income or (loss) Percentage of partnership 1 $ % Name of partner Address Prov./Terr. Postal code Share of net income or loss) Percentage of partnership S 1 % Name of partner Address Prov./Terr. Postal code Share of net income or loss) Percentage of partnership S % 9931 Part 9 - Details of equity Total business liabilities Drawings in the current year..... Capital contributions in the current year 9932 9933 Page 4 of 6 Uhdepreciated Note 1 Columns 4.7 . and apply only to accelerated investment incentipecial situation 11414 ) of the Income Tax Regulations for the definition ) zero - emission vehicles , and zero - emission passenger vehicles . In this Protected B when completed Area A - Calculation of capital cost allowance (CCA) claim 2 Class Cost of action Cost of additions from Prooveds of um capital cos UDC) columns which are depositions at the start of the yow S09 Aron Bandar Pension in the years below) property must be vehicle (EV) new Area Dando available for use in The yes) Note 1 1:52 PM Tue Nov 10 UCC traditional Proceeds of UCC du ment for Adjustment for and dispositions positions avalable current year addition rent year additions con 2 plus cols la educa addonor of AllP and ZEV sutect to the hat year minus cal 51 ALP and ZEV Tool 5 col minus col 7 rude minus sola plus multiplied by the column 4). negative 1.2 multiplied by elevant factor enter negative.enter Tool. 3 minus col 4 Note 2 Note 3 fregiven 10 Base amount for OCA ole plus col & minus col. 91 12 LA CCA for the year UCC at the end of Hale col. 10 multiplied og the year bol 11 or a lower minus col. 121 amount minus od S I U 1 Total CCA claim for the year: Total of column 12 (enter the amount on line 9938 of Part 4 i amount i minus any personal part and any CCA for business-use-of-home expenses If you have a negative amount in column 6, add it to income as a recapture in Part 3C on line 8230. I no property is left in the class and there is a positive amount in the column. deduct the amount from income as a terminal loss in Part 4 on line 9270. Recapture and terminal loss do not apply to a class 10.1 property. For more information, read Chapter 3 of guide T4002 Barcha " For information on CCA for 'Calculation of home expenses. 4 . To help the capital cost charts properties chart ZEV represents both zero-emission vehicles and zero-emission passenger vehicles An AllP is a property (other than ZEV) that you acquired after November 20, 2018 and became available for use before 2028. A ZEV is a motor vehicle included in Class 54 or 55 that you acquired after March 18, 2019 and became available for use before 2024. For more information on AllP and ZEV, see guide T4002 Note 2: The proceeds of disposition of a zero-emission passenger vehicle (ZEPV) that has been included in Class 54 and that is subject to the $55,000 capital cost ima will be adjusted based on a factor equal to the capital cost limit of $55,000 as a proportion of the actual cost of the vehicle. For dispositions after July 29, 2019, the government proposes that the actual cost of the vehicle be adjusted for any payments or repayments of government assistance that you may have received or repaid in respect of the vehicle. For more information on proceeds of disposition, read Class 54 in guide T4002. Note 3: The relevant factors for properties available for use before 2024 are 2 1/3 (classes 43.1 and 54), 1 1/2 (class 55), 1 (classes 43.2 and 53), classes 12, 13, 14, 15), and 1/2 for the remaining accelerated investment incentive properties For more information on accelerated investment incentive properties, see guide T4002 or go to canada.ca/taxes-accelerated-Investment-income. Area B - Equipment additions in the year Clase Property Total Personal part Business part sumber description fit applicable) com 3 minus column 4 t2125-19.pdf Total equipment additions in the year: Total of column 5 9925 Area C - Building additions in the year .. Class number Property desorption Total eased 4 Personal part of applicable) B Business part column 3 minus column 4 Total of building additions in the year: Total of column 5 9927 Area D - Equipment dispositions in the year Class nomor Papery ** Personal part rappical Proceeds of disposition should not be more than the captal cost desorption Business part column 3 minus olumn :)) D Total equipment dispositions in the year: Total of column 5 9926 information about your proceeds of disposition. Note: If you disposed of property in the year, see Chapter 3 of Guide T4002 Page 5 of 6 ... 1936 Anna Smith 160 Kendal Ave Toronto ON M5R 1M3 Dec 1, 2019 DATE PAY TO THE ORDER OF Big Bad Capitalist Properties | $ 800.00 EIGHT HUNDRED DOLLARS Security Features Details on back Anna Smith FOR Monthly Rent including hydro, water, heating 000000186 000000529 1000 BEST BUY 1938 Thousands of Possibilities, Get Yours First Pro Queensway, Etobicoke Store Phone #: 647-288-2300 Geek Squad Precinct #: 647-288-2305 Geek Squad Toll Free: 1-800-GEEKSQUAD Keep your receipt Val #: 1470-0418- 4/16/2019 0938 050 4777 20:36 U1M5 SALES 1079.99 * 5240048 MJY32LL/A MB 12.0 SPACE GRAY/1.1GHZ/8GB/ 100.00 APPLE DSKTOP CPN BNDL 120.00 COUPON CPN BNDL EX ITEM TAX 75.60 SUBTOTAL SALES TAX AMOUNT 1080.00 75.60 TOTAL 1155.60 Bell Account owner Account number ANNA SMITH 124674092 Page 2 of 5 Bill date Customer ID number September 24,2019 4355635676 14 digit number for online/telebanking Visit us online at bell.ca CHANGES TO YOUR REGULAR MONTHLY CHARGES Your Bell services Monthly charges & credits Limited-time offers Usage charges Other charges & credits Subtotal Internet $69.95 CR $20.00 $49.95 NET PRICE $49.95 Mobility $51.00 $10.00 $61.00 Your Bell services total Before taxes $120.95 CR $20.00 $10.00 $110.95 $14.42 Taxes HST ($14.42) Your Bell services total After taxes $125.37 Registrant numbers: GST/HST (Goods & Services/Harmonized Sales Tax) 100458652 QST (Quebec Sales Tax) 1002969366 *Late payment charge: A late payment charge of 3% per month (42.58% per annum) will apply from the bill date if we have not received your payment before your next bill date. How to contact us All Services: bell.ca Telephone: 310-BELL (2355) Internet: bell.ca/internetchat or 310-SURF (7873) Television: 1-888-759-3474 Bill payment options: Payments can be made by pre-authorized bank withdrawal, at most banks and trust companies, by cheque in the mail or at designated Bell Canada depositories. If paying in person at bank or trust company, please present entire bill. Wireless: 1-800-667-0123 or *611 from cell Ontario and Quebec customers only Insufficient funds: As permitted by law, Bell will charge your account if your payment is refused by your financial institution for insufficient funds. This charge is to offset costs incurred by Bell. Terms and Conditions Refer to bell.ca/serviceterms BONUS COMPONENT (optional) In addition, this year she has started to do some private consulting work and from that she earned an additional $13,225 in professional income this year. Anna has not been setting aside any of that income to account for the taxes that she will have to pay on that income and so she is nervous about owing a large amount in taxes that she is not prepared for. Luckily, because she earned less than $30,000 this year it was okay that she didn't charge or collect any HST for her services, but she might have to reconsider that for the future. When Anna decided to begin working for herself, she set up a home office in the extra bedroom in her apartment, which is approximately 150 square feet. She also made the decision to invest in a home computer from Best Buy that she would use only for professional purposes. Even though the new computer was expensive, Anna felt it was a good investment since she could claim the cost as a business expense. However, a friend told her that since she will be using the computer for several years, she can't claim the total bill all at once but that she needs to check the CCA class and rate to know how much she can claim. From her research she has learned that her computer is in CCA class 50 and therefore at a CCA rate of 55% - somewhere on the self-employment tax form there is a table to help her use this information calculate what she can claim this year. Anna also plans to claim part of her phone and internet bill as a business expense since she has been using them for business and personal use - a 50/50 split. She knows that, like her rent, there is a way to claim these sorts of things that are partly her home and partly her business. Otherwise she hasn't had any other real business expenses. But, Anna does know that her self-employment will complicate her CPP payments and also that she'll have to contribute some extra money to E.I. as well so she'll have a few extra forms, to fill out. She'll also have to be sure to claim only the personal part of her rent expenses when she applies for the Trillium Benefit since a friend of hers got audited for forgetting to subtract the home office portion she had claimed. Not to mention that whole new self-employment form to complete...better get started! 1:52 PM Tue Nov 10 95% t2125-19.pdf ... Protected B when completed Part 3A - Business Income Fill in this part only if you have business income. If you have professional income, leave this part blank and fill in Part 3B. If you have both business and professional income, you have to fill out a separate Form T2125 for each. Part 3B - Professional income Fill in this part only if you have professional income. If you have business income, leave this part blank and fill in Part 3A. If you have both business and professional income, you have to fill out a separate Form T2125 for each Note: New rules allow you to include your work in progress (WIP) progressively if you elected to use billed basis accounting for the last tax year that started before March 22, 2017. Generally, for the first tax year that starts after March 21, 2017. you must include 20% of the lesser of the cost and the fair market value of WIP. The inclusion rate increases to 40% in the second tax year that starts after March 21, 2017, 60% in the third year, 80% in the fourth year, and 100% in the fifth and all subsequent tax years. For more information, see chapter 2 of guide T4002. 3B 13C 3F | 3G 3H 131 3J 3K - Part 3A - Business income Gross sales, commissions, or lees (include GST/HST collected or collectible)............................ GST/HST, provincial sales tax, returns, allowances, discounts, and GST/HST adjustments (included in amount 3A) Subtotal: Amount 3A minus amount 3B If you are using the quick method for GST/HST - Government assistance calculated as follows: GST/HST collected or collectible on sales, commissions and fees eligible for the quick method...... 3D GST/HST remitted, (sales, commissions, and fees eligible for the quick method plus 3E GST/HST collected or collectible) multiplied by the applicable quick method remittance rate....... Subtotal: Amount 3D minus amount 3E Adjusted gross sales: Amount 3C plus amount 3F (enter on line 8000 of Part 3) ........... Part 3B - Professional income Gross professional fees including work-in-progress (WIP) and GST/HST collected or collectible ........................ GST/HST. provincial sales tax, returns, allowances, discounts, and GST/HST adjustments (included in amount 3H) and any WIP at the end of the year you elected to exclude ..... Subtotal: Amount 3H minus amount 31 If you are using the quick method for GST/HST - Government assistance calculated as follows: GST/HST collected or collectible on professional foes eligible for the quick method .............. GST/HST remitted. (professional fees eligible for the quick method plus GST/HST collected or collectible) multiplied by the applicable quick method remittance rate........... 3L Subtotal: Amount 3K minus amount 3L Work-in-progress (WIP), start of the year, per election to exclude WIP (see Guide T4002, Chapter 2)...... Adjusted professional fees: Amount 3 plus amount 3M plus amount 3N (enter on line 8000 of Part 3) -Part 3C - Gross business or professional income Adjusted gross sales (amount 3G) or adjusted professional fees (amount 30 8000 Reserves deducted last year.... 8290 Other income...... 8230 Subtotal: Line 8290 plus line 8230 Gross business or professional income: Line 8000 plus amount 3P Report the gross business or professional income from line 8299 on the applicable line of your income tax and benefit return as indicated below: business income on line 13499 professional income on line 13699 . commission income on line 13899 13M 3M 3N 30 3P 0299 30 8300 3R 8320 For Parts 3D, 4, and 5, if GST/HST has been remitted or an input tax credit has been claimed, do not include GST/HST when you calculate the cost of goods sold, expenses, or net income (loss). - Part 3D - Cost of goods sold and gross profit If you have business income, fill in this part. Enter only the business part of the costs. . Gross business income (line 8299 of Part 3C)................. Opening inventory (include raw materials, goods in process, and finished goods) 3S Purchases during the year (net of returns, allowances, and discounts) 3T Direct wage costs 3U Subcontracts 8360 8450 3V Other costs. Subtotal: Add amounts 3R to 3V 3W Closing inventory (include raw materials, goods in process, and finished goods) ... 8518 8518 Cost of goods sold: Amount 3W minus line 8500 8519 Gross profit (or loss): Amount 30 minus line 8518. 8340 8500 Page 2 of 6 1:52 PM Tue Nov 10 95%O t2125-19.pdf ... 1 Protected B when completed Part 4 - Net income (loss) before adjustments Gross business or professional income (line 8299 of Part 3C) or Gross profit (line 8519 of Part 3D). 4A Expenses (enter only the business part) Advertising 8521 4B Meals and entertainment. 8523 4C Bad debts 8590 40 Insurance ......... 8690 4E Interest and bank charges. 8710 4F 8760 Business taxes, licences, and memberships 1 4G Office expenses ... 8810 4H Office stationery and supplies. 8811 41 Professional fees (includes legal and accounting fees). 8860 1 4 8871 Management and administration fees 4K Rent ......... 8910 4L 1 8960 Repairs and maintenance 4M Salaries, wages, and benefits (including employer's contributions). 9060 4N Property taxes.. 9180 40 Travel expenses 9200 4P Utilities 9220 40 9224 4R Fuel costs (except for motor vehicles). Delivery, freight, and express ............. 9275 4S Motor vehicle expenses (not including CCA) (amount 15 of Chart A) 9281 4T Capital cost allowance (CCA). Enter amount of Area Aminus any personal part and any CCA for business-use-of-home expenses 9936 4U Other expenses (specify): 9270 4V 9368 Total expenses: Total of amounts 48 to 4V Net income (loss) before adjustments: Amount 4A minus line 9368 ...... 9369 Part 5 - Your net income (loss) Your share of line 9369 or the amount from your T5013 slip. Statement of Partnership Income 5A GST/HST rebate for partners received in the year / 9974 Total: Amount 5A plus line 9974 5B 9943 Other amounts deductible from your share of the net partnership income (loss) (amount 6F). Net income (loss) after adjustments: Amount 5B minus line 9943 50 Business-use-of-home expenses (amount 7P ..... 9945 Your net income (loss): Amount 5 minus line 9945 9946 Report the net income amount from line 9946 on the applicable line of your income tax and benefit return as indicated below business income on line 13500 professional income on line 13700 commission income on line 13900 Page 3 o16 Page 3 of 6 1:52 PM Tue Nov 10 0 95% O t2125-19.pdf ... Protected B when completed - Part 6 - Other amounts deductible from your share of the 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. These claims must not be included in the claims already calculated for the partnership. List details of expenses Expense amounts 6A 16B 6C 6D 6E Total other amounts deductible from your share of the net partnership income (loss): Add amounts 6A to 6E (enter this on line 9943 of Part 5) 6F 7A 7B Part 7 - Calculation of business-use-of-home expenses Heat Electricity Insurance Maintenance Mortgage interest Property taxes..... Other expenses (specify: Subtotal: Add amounts 7A to 7G 7C 7D 7E 7F 11 7G 7H 71 7J 7K 7L Personal use part of the business-use-of home expenses............. Subtotal: Amount 7H minus amount 71 Capital cost allowance (business part only), which means amount of Area A minus any portion of CCA that is for personal use or entered on line 9936 of Part 4 Amount carried forward from previous year ... Subtotal: Add amounts 7 to 7L Net income (loss) after adjustments (amount 5C) (if negative, enter "0")......... Business-use-ot-home expenses available to carry forward: Amount 7M minus amount 7N (if negative, enter "0") ......... Allowable claim: The lesser of amount 7M and 7N above (enter your share of this amount on line 9945 of Part 5) 7M 7N 70 7P - Part 8 - Details of other partners Do not fill in this chart if you must file a partnership information return. Name of partner Address Prov./Terr. Postal code Share of net income or loss) Percentage of partnership S 1 % Name of partner Address Prov./Terr. Postal code Share of net income or (loss) Percentage of partnership 1 $ % Name of partner Address Prov./Terr. Postal code Share of net income or loss) Percentage of partnership S 1 % Name of partner Address Prov./Terr. Postal code Share of net income or loss) Percentage of partnership S % 9931 Part 9 - Details of equity Total business liabilities Drawings in the current year..... Capital contributions in the current year 9932 9933 Page 4 of 6 Uhdepreciated Note 1 Columns 4.7 . and apply only to accelerated investment incentipecial situation 11414 ) of the Income Tax Regulations for the definition ) zero - emission vehicles , and zero - emission passenger vehicles . In this Protected B when completed Area A - Calculation of capital cost allowance (CCA) claim 2 Class Cost of action Cost of additions from Prooveds of um capital cos UDC) columns which are depositions at the start of the yow S09 Aron Bandar Pension in the years below) property must be vehicle (EV) new Area Dando available for use in The yes) Note 1 1:52 PM Tue Nov 10 UCC traditional Proceeds of UCC du ment for Adjustment for and dispositions positions avalable current year addition rent year additions con 2 plus cols la educa addonor of AllP and ZEV sutect to the hat year minus cal 51 ALP and ZEV Tool 5 col minus col 7 rude minus sola plus multiplied by the column 4). negative 1.2 multiplied by elevant factor enter negative.enter Tool. 3 minus col 4 Note 2 Note 3 fregiven 10 Base amount for OCA ole plus col & minus col. 91 12 LA CCA for the year UCC at the end of Hale col. 10 multiplied og the year bol 11 or a lower minus col. 121 amount minus od S I U 1 Total CCA claim for the year: Total of column 12 (enter the amount on line 9938 of Part 4 i amount i minus any personal part and any CCA for business-use-of-home expenses If you have a negative amount in column 6, add it to income as a recapture in Part 3C on line 8230. I no property is left in the class and there is a positive amount in the column. deduct the amount from income as a terminal loss in Part 4 on line 9270. Recapture and terminal loss do not apply to a class 10.1 property. For more information, read Chapter 3 of guide T4002 Barcha " For information on CCA for 'Calculation of home expenses. 4 . To help the capital cost charts properties chart ZEV represents both zero-emission vehicles and zero-emission passenger vehicles An AllP is a property (other than ZEV) that you acquired after November 20, 2018 and became available for use before 2028. A ZEV is a motor vehicle included in Class 54 or 55 that you acquired after March 18, 2019 and became available for use before 2024. For more information on AllP and ZEV, see guide T4002 Note 2: The proceeds of disposition of a zero-emission passenger vehicle (ZEPV) that has been included in Class 54 and that is subject to the $55,000 capital cost ima will be adjusted based on a factor equal to the capital cost limit of $55,000 as a proportion of the actual cost of the vehicle. For dispositions after July 29, 2019, the government proposes that the actual cost of the vehicle be adjusted for any payments or repayments of government assistance that you may have received or repaid in respect of the vehicle. For more information on proceeds of disposition, read Class 54 in guide T4002. Note 3: The relevant factors for properties available for use before 2024 are 2 1/3 (classes 43.1 and 54), 1 1/2 (class 55), 1 (classes 43.2 and 53), classes 12, 13, 14, 15), and 1/2 for the remaining accelerated investment incentive properties For more information on accelerated investment incentive properties, see guide T4002 or go to canada.ca/taxes-accelerated-Investment-income. Area B - Equipment additions in the year Clase Property Total Personal part Business part sumber description fit applicable) com 3 minus column 4 t2125-19.pdf Total equipment additions in the year: Total of column 5 9925 Area C - Building additions in the year .. Class number Property desorption Total eased 4 Personal part of applicable) B Business part column 3 minus column 4 Total of building additions in the year: Total of column 5 9927 Area D - Equipment dispositions in the year Class nomor Papery ** Personal part rappical Proceeds of disposition should not be more than the captal cost desorption Business part column 3 minus olumn :)) D Total equipment dispositions in the year: Total of column 5 9926 information about your proceeds of disposition. Note: If you disposed of property in the year, see Chapter 3 of Guide T4002 Page 5 of 6 ... 1936 Anna Smith 160 Kendal Ave Toronto ON M5R 1M3 Dec 1, 2019 DATE PAY TO THE ORDER OF Big Bad Capitalist Properties | $ 800.00 EIGHT HUNDRED DOLLARS Security Features Details on back Anna Smith FOR Monthly Rent including hydro, water, heating 000000186 000000529 1000 BEST BUY 1938 Thousands of Possibilities, Get Yours First Pro Queensway, Etobicoke Store Phone #: 647-288-2300 Geek Squad Precinct #: 647-288-2305 Geek Squad Toll Free: 1-800-GEEKSQUAD Keep your receipt Val #: 1470-0418- 4/16/2019 0938 050 4777 20:36 U1M5 SALES 1079.99 * 5240048 MJY32LL/A MB 12.0 SPACE GRAY/1.1GHZ/8GB/ 100.00 APPLE DSKTOP CPN BNDL 120.00 COUPON CPN BNDL EX ITEM TAX 75.60 SUBTOTAL SALES TAX AMOUNT 1080.00 75.60 TOTAL 1155.60 Bell Account owner Account number ANNA SMITH 124674092 Page 2 of 5 Bill date Customer ID number September 24,2019 4355635676 14 digit number for online/telebanking Visit us online at bell.ca CHANGES TO YOUR REGULAR MONTHLY CHARGES Your Bell services Monthly charges & credits Limited-time offers Usage charges Other charges & credits Subtotal Internet $69.95 CR $20.00 $49.95 NET PRICE $49.95 Mobility $51.00 $10.00 $61.00 Your Bell services total Before taxes $120.95 CR $20.00 $10.00 $110.95 $14.42 Taxes HST ($14.42) Your Bell services total After taxes $125.37 Registrant numbers: GST/HST (Goods & Services/Harmonized Sales Tax) 100458652 QST (Quebec Sales Tax) 1002969366 *Late payment charge: A late payment charge of 3% per month (42.58% per annum) will apply from the bill date if we have not received your payment before your next bill date. How to contact us All Services: bell.ca Telephone: 310-BELL (2355) Internet: bell.ca/internetchat or 310-SURF (7873) Television: 1-888-759-3474 Bill payment options: Payments can be made by pre-authorized bank withdrawal, at most banks and trust companies, by cheque in the mail or at designated Bell Canada depositories. If paying in person at bank or trust company, please present entire bill. Wireless: 1-800-667-0123 or *611 from cell Ontario and Quebec customers only Insufficient funds: As permitted by law, Bell will charge your account if your payment is refused by your financial institution for insufficient funds. This charge is to offset costs incurred by Bell. Terms and Conditions Refer to bell.ca/serviceterms