Peter, who is a salesman in Regina, has incurred the following expenses in connection with his employment in 2019 He was not reimbursed and did not receive an allowance in respect of any of these expenses Peter has a Form T2200, signed by his employer attesting to all of these expenses Peter uses one room in his home exclusively as a home office He uses his home office most days and evenings to do paperwork and make phone calls and his home office computer is connected to his employers computer system He visits his office at his employers premises approximately once a week and spends the remainder of the time on the road, making sales calls throughout Western Canada The following expenses relate to Peters home office which occupies 10 of the square footage of his house Utilities $3,100 Mortgage Interest $12,000 House Insurance $1,150 Municipal Taxes $3,050 Maintenance and Repairs $2,700 Total $22,000 10 of total $2,200 CCA on computer equipment $1,035 Rental of photocopier $1,200 Office supplies $750 Cell phone charges (empl portion) $700 Long distance calls related to business $1,000 Peter also has the following promotional expenses Meals (with clients, Peters portion) $2,000 Clients Meals $2,100 Theatre tickets $1,200 Promotional gifts $1,300 Country club membership $3,200 Peter paid the following auto expenses Gas and Oil $2,000 Insurance $1,100 License $90 Repairs $800 Parking (empl related) $320 Peter purchased the car that he uses for employment purposes on Aug 1, 2018 for $50,000 plus $2,500 GST and $2,500 PST Peter did not claim CCA on the car in 2018 therefore, the capital cost allowance rate for the car is 30 in 2019 The care was driven a total of 40,000 km in 2019, 32,000 of the km driven related to Peters employment use Peter also incurred the following travel expenses (while away at least 12 hours) Airfare $4,520 Meals and accommodation (included $2,400 for meals) $4,960 Registration fees for convention in Vancouver to increase product knowledge $800 Out of town entertainment $3,200 Interest on bank loan To buy computer equipment for the home office in (1) above $320 To buy the car in (4) above $800 Peters remuneration from employment is as follows Salary $40,000 Bonus based on company sales $35,000 GST is 5 and PST is 5 Peter has asked you to calculate his income and expenses assuming he is an employee and assuming he is self employed You have agreed to do this and present him with the results with two columns

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Peter, who is a salesman in Regina, has incurred the following expenses in connection with his employment in 2019. He was not reimbursed and did

Peter, who is a salesman in Regina, has incurred the following expenses in connection with his employment in 2019. He was not reimbursed and did not receive an allowance in respect of any of these expenses. Peter has a Form T2200, signed by his employer attesting to all of these expenses.

Peter uses one room in his home exclusively as a home office. He uses his home office most days and evenings to do paperwork and make phone calls and his home office computer is connected to his employers computer system. He visits his office at his employers premises approximately once a week and spends the remainder of the time on the road, making sales calls throughout Western Canada.
The following expenses relate to Peters home office which occupies 10% of the square footage of his house:
- Utilities $3,100
- Mortgage Interest - $12,000
- House Insurance - $1,150
- Municipal Taxes - $3,050
- Maintenance and Repairs - $2,700
- Total - $22,000
- 10% of total - $2,200
- CCA on computer equipment - $1,035
- Rental of photocopier - $1,200
- Office supplies - $750
- Cell phone charges (empl. portion) - $700
- Long distance calls related to business - $1,000
Peter also has the following promotional expenses
- Meals (with clients, Peters portion) - $2,000
- Clients Meals - $2,100
- Theatre tickets - $1,200
- Promotional gifts - $1,300
- Country club membership - $3,200
Peter paid the following auto expenses:
- Gas and Oil - $2,000
- Insurance - $1,100
- License - $90
- Repairs - $800
- Parking (empl. related) - $320
- Peter purchased the car that he uses for employment purposes on Aug. 1, 2018 for $50,000 plus $2,500 GST and $2,500 PST. Peter did not claim CCA on the car in 2018; therefore, the capital cost allowance rate for the car is 30% in 2019. The care was driven a total of 40,000 km in 2019, 32,000 of the km driven related to Peters employment use.
Peter also incurred the following travel expenses (while away at least 12 hours):
- Airfare - $4,520
- Meals and accommodation (included $2,400 for meals) - $4,960
- Registration fees for convention in Vancouver to increase product knowledge - $800
- Out-of-town entertainment - $3,200
Interest on bank loan:
- To buy computer equipment for the home office in (1) above - $320
- To buy the car in (4) above - $800
Peters remuneration from employment is as follows:
- Salary - $40,000
- Bonus based on company sales - $35,000
GST is 5% and PST is 5%

Peter has asked you to calculate his income and expenses assuming he is an employee and assuming he is self-employed. You have agreed to do this and present him with the results with two columns.