Tax help

[mickyc]

for myself I use 50% as my whole basement is used for daycare only! I use 50% of the following totals for the year: food, hydro, water, internet, tv. I use 100% of the following: cell phone (cannot claim home phone), toys, office supplies, craft supplies, advertising. My accountant figures our what percentage of the following can be used: household repairs, car insurance, gas (I give him mileage that I have used for all trips to the store), interest on mortgage, property taxes, house insurance, capital expenses such as new computer and fridge we bought. You can also claim your bill to get your taxes done. I think I paid approx. $900 in CPP last year. I also pay into EI for self employed.

I give my accountant all of my totals as well. I suggest getting a different accountant. There are different percentages for different things that can be claimed. My first year I had way more deductions and ended up being able to carry over approx. $8000 in expenses to my 2nd year.