"DORFM...[at]aol.com (Linda Dorfmont)" <DORFM...[at]aol.com> wrote:

- quote -

What, you mean the following:

T5007 - Welfare
T5008 - Statement of Securities Transaction (T-Bill or Stocks)
T3 - Trust Dispursements
T5 - Investment Dispursements - Like a 1099-I
T4 - Employment Income (Sort of a W-2)
T4A - Pension and other Income

If you want a REALLY good reference, take the Canadian H & R
Block Course. They will give you a cross reference text with
all slips and exactly what you have to do for each slip and
box.

Actually, I am trained in three jurisdictions. Canada
(Primary Jurisdiction: Know Personal, Trusts, Sales Taxes
and some basic Corporate) Quebec (Secondary Jurisdiction:
Know Personal, Trust, Sales Taxes, Property Taxes,
Improvements to Immovable Return and limited Corporate) US
Returns (Know 1040, 1040A, 1040EZ, 1040NR)

I have also handled tax returns from Germany, Great Britain,
France, Australia and Iceland.

I am a paid preparer, operating privately. My furtherest
clients are in Singapore and Sri Lanka. My oldest is past
one hundred and my youngest turned nine last year. I have
affiliations with both Intuit and Sage, though I have never
bothered with being a certified consultant. Still having too
much fun to bother with the paperwork.

And I am always happy to help a client. :-)

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Wow, a knowledgeable Canadian! Welcome to the group. We will
rely on you for advise on all those T forms.

Linda Dorfmont E.A., CFP, CSA

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

"Learn" <angie_sc...[at]yahoo.ca> wrote:

- quote -

Cleaning Products are office supplies on the Canadian T2124

Quick Books is CCA Class 12. You are not allowed a Section
179 as that is a US claim and you are filing a Canadian Tax
Return. Nor can you claim it as Office Expenses as you could
on the US Schedule C - Canada does not allow you to expense
software.

Please be aware that in this forum you will get answers from
other countries. The answers you received were good for the
United States but wrong for Canada. You did get a great
answer to obtain the help of a Certified Advisor. They will
know the local requirements.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

Go to the QB website and look for a QB Certified Advisor.
It takes me about 3 hours to set up books for a new business
on QB. A certified advisor could do it in half the time.
Then you can keep up the books except for closing out at the
end of the year. Call your advisor for help around the
first of December.

Linda Dorfmont E.A., CFP, CSA

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"Learn" <angie_sc...[at]yahoo.ca> wrote:

- quote -

1.) Cleaning products are supplies of your business
2.) Usually software is considered a long-term asset that
must be depreciated using a 3 year useful life.
Alternatively, you can expense it using section 179, if you
meet the other requirements.

Dennis

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

"Learn" <angie_scrub[at]yahoo.ca> wrote:

- quote -

Supplies

- quote -

Office expenses.

--
Paul Thomas, CPA
paulthomascpapc[at]bellsouth.net

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Hello All,

I have some expenses that I need to assign a tax line to.
Can anyone please let me know which of the following tax
line I would assign for:

1.) Cleaning Products, (business is a cleaning Service)
2.) Quick Books Tax Software

T2124 Business: Business Other Expenses
T2124 Business: Other Costs
T2124 Business: Office Expenses
T2124 Business: Supplies

Any information would be great.

thanks

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >