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T2125 E (19) (Ce formulaire est disponible en français.)
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Statement of Business or Professional Activities
Use this form to calculate your self-employment business and professional income.
For each business or profession, fill in a separate Form T2125.
Fill in this form and send it with your income tax and benefit return.
For more information on how to fill in this form, see guide T4002, Self-employed Business, Professional, Commission, Farming, and Fishing Income.
Part 1 – Identification
Your name
Your social insurance number
Business name Business number
Business address
City
Prov./Terr.
Postal code
Fiscal
period
From
Date (YYYYMMDD)
to
Date (YYYYMMDD)
Was this your last year of business?
Yes No
Main product or service
Industry code
(see the appendix in Guide T4002)
Accounting method
(commission only)
Cash Accrual
Tax shelter identification number
Partnership business number
Your percentage
of the partnership
%
Name and address of person or firm preparing this form
Part 2 – Internet business activities
If your web pages or websites generate business or professional income, fill in this part of the form.
How many Internet web pages and websites does your business earn income from? Enter "0" if none . . . . . . . . . . . . . . . . . . . . . . . . .
Provide up to five main web page or website addresses, also known as uniform resource locator (URL):
http://
http://
http://
http://
http://
Percentage of your gross income generated from the web pages and websites.
(If no income was generated from the Internet, enter "0".) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
%
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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.
Part 3A Business income
3A
Gross sales, commissions, or fees (include GST/HST collected or collectible) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3B
GST/HST, provincial sales tax, returns, allowances, discounts, and GST/HST adjustments (included in amount 3A) . . . . . . . . . . . . . . .
3C
Subtotal: Amount 3A minus amount 3B
3D
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 . . . . . .
3E
GST/HST remitted, (sales, commissions, and fees eligible for the quick method plus
GST/HST collected or collectible) multiplied by the applicable quick method remittance rate . . . . . . .
3F
Subtotal: Amount 3D minus amount 3E
3G
Adjusted gross sales: Amount 3C plus amount 3F (enter on line 8000 of Part 3C) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Part 3B Professional income
3H
Gross professional fees including work-in-progress (WIP) and GST/HST collected or collectible . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3I
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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3J
Subtotal: Amount 3H minus amount 3I
3K
If you are using the quick method for GST/HST – Government assistance calculated as follows:
GST/HST collected or collectible on professional fees eligible for the quick method . . . . . . . . . . . . . . .
3L
GST/HST remitted, (professional fees eligible for the quick method plus GST/HST collected or
collectible) multiplied by the applicable quick method remittance rate . . . . . . . . . . . . . . . . . . . . . . . . .
3M
Subtotal: Amount 3K minus amount 3L
3N
Work-in-progress (WIP), start of the year, per election to exclude WIP (see Guide T4002, Chapter 2). . . . . . . . . . . . . . . . . . . . . . . . . . .
3O
Adjusted professional fees: Amount 3J plus amount 3M plus amount 3N (enter on line 8000 of Part 3C) . . . . . . . . . . . . . . . . . . . . . .
Part 3C Gross business or professional income
8000
Adjusted gross sales (amount 3G) or adjusted professional fees (amount 3O) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8290
Reserves deducted last year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8230
Other income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3P
Subtotal: Line 8290 plus line 8230
8299
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
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.
3Q
Gross business income (line 8299 of Part 3C). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8300
3R
Opening inventory (include raw materials, goods in process, and finished goods). . . . . . . . . . .
8320
3S
Purchases during the year (net of returns, allowances, and discounts) . . . . . . . . . . . . . . . . . . .
8340
3T
Direct wage costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8360
3U
Subcontracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8450
3V
Other costs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3W
Subtotal: Add amounts 3R to 3V
8500
Closing inventory (include raw materials, goods in process, and finished goods) . . . . . . . . . . .
8518
Cost of goods sold: Amount 3W minus line 8500
8519
Gross profit (or loss): Amount 3Q minus line 8518. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Part 4 Net income (loss) before adjustments
4A
Gross business or professional income (line 8299 of Part 3C) or Gross profit (line 8519 of Part 3D). . . . . . . . . . . . . . . . . . . . . . . . .
Expenses (enter only the business part)
8521
4B
Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8523
4C
Meals and entertainment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8590
4D
Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8690
4E
Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8710
4F
Interest and bank charges. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8760
4G
Business taxes, licences, and memberships . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8810
4H
Office expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8811
4I
Office stationery and supplies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8860
4J
Professional fees (includes legal and accounting fees). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8871
4K
Management and administration fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8910
4L
Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8960
4M
Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9060
4N
Salaries, wages, and benefits (including employer's contributions). . . . . . . . . . . . . . . . . . . . . . . .
9180
4O
Property taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9200
4P
Travel expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9220
4Q
Utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9224
4R
Fuel costs (except for motor vehicles). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9275
4S
Delivery, freight, and express . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9281
4T
Motor vehicle expenses (not including CCA) (amount 15 of Chart A) . . . . . . . . . . . . . . . . . . . . . .
9936
4U
Capital cost allowance (CCA). Enter amount i of Area A minus any personal part and any
CCA for business-use-of-home expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9270
4V
Other expenses (specify):
9368
Total expenses: Total of amounts 4B to 4V
9369
Net income (loss) before adjustments: Amount 4A minus line 9368 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Part 5 Your net income (loss)
5A
Your share of line 9369 or the amount from your T5013 slip, Statement of Partnership Income . . . . . . .
9974
GST/HST rebate for partners received in the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5B
Total: Amount 5A plus line 9974
9943
Other amounts deductible from your share of the net partnership income (loss) (amount 6F). . . . . . . . . . . . . . . . . . . . . . . . . . . .
5C
Net income (loss) after adjustments: Amount 5B minus line 9943 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9945
Business-use-of-home expenses (amount 7P) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9946
Your net income (loss): Amount 5C minus line 9945 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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
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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
6B
6C
6D
6E
6F
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)
Part 7 Calculation of business-use-of-home expenses
7A
Heat . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7B
Electricity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7C
Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7D
Maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7E
Mortgage interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7F
Property taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7G
Other expenses (specify):
7H
Subtotal: Add amounts 7A to 7G
7I
Personal-use part of the business-use-of-home expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7J
Subtotal: Amount 7H minus amount 7I
7K
Capital cost allowance (business part only), which means amount i of Area A minus any portion of
CCA that is for personal use or entered on line 9936 of Part 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7L
Amount carried forward from previous year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7M
Subtotal: Add amounts 7J to 7L
7N
Net income (loss) after adjustments (amount 5C) (if negative, enter "0"). . . . . . . . . . . . . . . . . . . . . . . . . . .
7O
Business-use-of-home expenses available to carry forward: Amount 7M minus amount 7N
(if negative, enter "0") . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7P
Allowable claim: The lesser of amount 7M and 7N above (enter your share of this amount on line 9945 of Part 5) . . . . . . . . . . . . . . .
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
%
Name of partner
Address
Prov./Terr.
Postal code
$
Share of net income or (loss)
Percentage of partnership
%
Name of partner
Address
Prov./Terr.
Postal code
$
Share of net income or (loss)
Percentage of partnership
%
Name of partner
Address
Prov./Terr.
Postal code
$
Share of net income or (loss)
Percentage of partnership
%
Part 9 – Details of equity
9931
Total business liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9932
Drawings in the current year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9933
Capital contributions in the current year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Area A Calculation of capital cost allowance (CCA) claim
1
Class
number
2
Undepreciated
capital cost (UCC)
at the start of the year
3
Cost of additions
in the year
(see Area B and C
below)
4
Cost of additions from
column 3 which are
AIIP or zero-emission
vehicles (ZEV) (new
property must be
available for use in
the year)
Note 1
5
Proceeds of
dispositions
in the year (see
Area D and E below)
6*
UCC after additions
and dispositions
(col. 2 plus col. 3
minus col. 5)
7
Proceeds of
dispositions available
to reduce additions of
AIIP and ZEV (col. 5
minus col. 3 plus
column 4). If negative,
enter "0"
Note 2
8
UCC adjustment for
current-year additions
of AIIP and ZEV
(col. 4 minus col. 7)
multiplied by the
relevant factor. If
negative, enter "0".
Note 3
9
Adjustment for
current-year additions
subject to the half-year
rule
1/2 multiplied by
(col. 3 minus col. 4
minus col. 5).
If negative, enter "0."
10
Base amount
for CCA
(col. 6 plus col. 8
minus col. 9)
11
CCA
Rate
%
12
CCA for the year
(col. 10 multiplied by
col. 11 or a lower
amount)
13
UCC at the end of
the year
(col. 6 minus col. 12)
i
Total CCA claim for the year: Total of column 12 (enter the amount on line 9936 of Part 4,
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. If 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.
** For information on CCA for "Calculation of business-use-of-home expenses," see "Special situations" in Chapter 4 of guide T4002. To help you calculate the capital cost allowance claim, see the calculation charts in Areas B to F.
Note 1: Columns 4, 7, and 8 apply only to accelerated investment incentive properties (AIIPs) (see Regulation 1104(4) of the Income Tax Regulations for the definition), zero-emission vehicles, and zero-emission passenger vehicles. In this
chart ZEV represents both zero-emission vehicles and zero-emission passenger vehicles. An AIIP 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 2028. For more information on AIIP 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 limit 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), 0 (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
1
Class
number
2
Property
description
3
Total cost
4
Personal part
(if applicable)
5
Business part
(column 3 minus
column 4)
9925
Total equipment additions in the year: Total of column 5
Area C – Building additions in the year
1
Class
number
2
Property
description
3
Total cost
4
Personal part
(if applicable)
5
Business part
(column 3 minus
column 4)
9927
Total of building additions in the year: Total of column 5
Area D – Equipment dispositions in the year
1
Class
number
2
Property
description
3
Proceeds of disposition
(should not be more than
the capital cost)
4
Personal part
(if applicable)
5
Business part
(column 3 minus
column 4)
9926
Total equipment dispositions in the year: Total of column 5
Note: If you disposed of property in the year, see Chapter 3 of Guide T4002 for information about your proceeds of disposition.
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Area E – Building dispositions in the year
1
Class
number
2
Property
description
3
Proceeds of disposition
(should not be more than
the capital cost)
4
Personal part
(if applicable)
5
Business part
(column 3 minus
column 4)
9928
Total building dispositions in the year: Total of column 5
Note: If you disposed of property in the year, see Chapter 3 of guide T4002 for information about your proceeds of disposition.
Area F Land additions and dispositions in the year
9923
Total cost of all land additions in the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9924
Total proceeds from all land dispositions in the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Note: You cannot claim capital cost allowance on land. For more information, see Chapter 3 of Guide T4002.
Chart A Motor vehicle expenses
1
Kilometres you drove in the fiscal period that was part of earning business income . . . . . . . . . . . . . . . . . .
2
Total kilometres you drove in the fiscal period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
Fuel and oil . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
Interest (see Chart B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
Licence and registration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
Maintenance and repairs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
Leasing (see Chart C) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
Other expenses (specify):
10
11
Total motor vehicle expenses: Add amounts 3 to 10
12
Business use
part:
(
amount 1 :
amount 2 :
)
×
amount 11 :
. . . . . . . . . . . . . . . . . . . . .
=
13
Business parking fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14
Supplementary business insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15
Allowable motor vehicle expenses: Add amounts 12, 13, and 14 (include this total on line 9281 of Part 4) . . . . . . . . . . . . . . . . . . . . .
Note: You can claim CCA on motor vehicles in Area A.
Chart B Available interest expense for passenger vehicles and zero-emission passenger vehicles
16
Total interest payable (accrual method) or paid (cash method) in the fiscal period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17
$10*
×
the number of days in the fiscal period for which interest
was payable (accrual method) or paid (cash method)
. . . . . . . . . . . . . . . . . . . . .
=
18
Available interest expense: The lesser of amount 16 and 17 (include this in amount 4 of Chart A) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
* For passenger vehicles bought after 2000.
Chart C Eligible leasing cost for passenger vehicles**
19
Total lease charges incurred in your current fiscal period for the vehicle. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20
Total lease payments deducted before your current fiscal period for the vehicle. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21
Total number of days the vehicle was leased in your current and previous fiscal periods . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22
Manufacturer's list price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Use a GST rate of 5% or HST rate applicable to your province.
23
Amount 22 or ($35,294 + GST and PST, or HST on $35,294), whichever is more
×
=
24
[($800 + GST and PST, or $800 + HST) × amount 21]
amount 20:
=
[($30,000 + GST and PST, or $30,000 + HST) × amount 19]
amount 23
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
=
25
26
Eligible leasing cost: Whichever is less of amount 24 or 25 (enter in amount 8 of Chart A above) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
** Includes a vehicle that would qualify as a zero-emission passenger vehicle if you owned it.
See the privacy notice on your return.
Clear Data
85%
30