| Protected B when completed | |||||||||||||||||||||||||
Part 4 – Net income (loss) before adjustments |
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| Gross income (line 9659 of Part 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 4A | ||||||||||||||||||||||||
| Expenses (enter only the business part) | |||||||||||||||||||||||||
| Containers and twine . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9661 | ||||||||||||||||||||||||
| Fertilizers and lime . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9662 | ||||||||||||||||||||||||
| Pesticides (herbicides, insecticides, fungicides) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9663 | ||||||||||||||||||||||||
| Seeds and plants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9664 | ||||||||||||||||||||||||
| Feed, supplements, straw and bedding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9711 | ||||||||||||||||||||||||
| Livestock purchased . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9712 | ||||||||||||||||||||||||
| Veterinary fees, medicine and breeding fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9713 | ||||||||||||||||||||||||
| Machinery expenses | |||||||||||||||||||||||||
| Repairs, licences and insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9760 | ||||||||||||||||||||||||
| Gasoline, diesel fuel and oil . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9764 | ||||||||||||||||||||||||
| Building repairs and maintenance (includes fence repairs) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9795 | ||||||||||||||||||||||||
| Clearing, levelling and draining land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9796 | ||||||||||||||||||||||||
| Crop insurance, Revenue Protection Program and stabilization premiums . . . . . . . | 9797 | ||||||||||||||||||||||||
| Custom or contract work (includes machine rentals) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9798 | ||||||||||||||||||||||||
| Electricity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9799 | ||||||||||||||||||||||||
| Heating fuel and curing fuel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9802 | ||||||||||||||||||||||||
| Insurance program overpayment recapture . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9803 | ||||||||||||||||||||||||
| Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9804 | ||||||||||||||||||||||||
| Interest and bank charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9805 | ||||||||||||||||||||||||
| Office expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9808 | ||||||||||||||||||||||||
| Professional fees (includes legal and accounting fees) . . . . . . . . . . . . . . . . . . . . . . . . . | 9809 | ||||||||||||||||||||||||
| Property taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9810 | ||||||||||||||||||||||||
| Rent (land, buildings and pasture) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9811 | ||||||||||||||||||||||||
| Salaries, wages and benefits (including employer's contributions) . . . . . . . . . . . . . . . . . . . . . | 9814 | ||||||||||||||||||||||||
| Motor vehicle expenses (not including CCA) (amount 16 of Chart A) . . . . . . . . . . . . . . . . . | 9819 | ||||||||||||||||||||||||
| Small tools . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9820 | ||||||||||||||||||||||||
| Mandatory inventory adjustment included in the previous year . . . . . . . . . . . . . . . . . . . . . . | 9937 | ||||||||||||||||||||||||
| Optional inventory adjustment included in the previous year . . . . . . . . . . . . . . . . . . . . . . | 9938 | ||||||||||||||||||||||||
| Other expenses (specify): | |||||||||||||||||||||||||
| Total other expenses (see Area A, column 7, on page 5) . . . . . . | 9790 | ► | |||||||||||||||||||||||
| Subtotal of expenses | 4B | ||||||||||||||||||||||||
| Capital cost allowance (CCA). Enter amount ii of Area A minus any personal part and any | |||||||||||||||||||||||||
| CCA for business-use-of-home expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9936 | ||||||||||||||||||||||||
| Total farm expenses: Amount 4B plus line 9936 | 9898 | ► | |||||||||||||||||||||||
| Net income (loss) before inventory adjustments: Amount 4A minus line 9898 . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9899 | ||||||||||||||||||||||||
| Optional inventory adjustment included in the current year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9941 | ||||||||||||||||||||||||
| Mandatory inventory adjustment included in the current year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9942 | ||||||||||||||||||||||||
| Net income (loss) after inventory adjustments: Total of lines 9899, 9941 and 9942 | 4C | ||||||||||||||||||||||||
Part 5 – Your net income (loss) |
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| Your share of the amount 4C or the amount from your T5013 slip, Statement of Partnership Income | 5A | ||||||||||||||||||||||||
| Return of fuel charge proceeds to farmers tax credit allocated to you in the year (amount 5C of | |||||||||||||||||||||||||
| Form T2043, Return of Fuel Charge Proceeds to Farmers Tax Credit) . . . . . . . . . . . | 9951 | ||||||||||||||||||||||||
| GST/HST rebate for partners received in the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9974 | ||||||||||||||||||||||||
| Total: Amount 5A plus line 9951 plus line 9974 | ► | 5B | |||||||||||||||||||||||
| Other amounts deductible from your share of net partnership income (loss) (amount 6F) . . . . . . . . . . . . . . . . | 9943 | ||||||||||||||||||||||||
| Net income (loss) after adjustments: Amount 5B minus line 9943 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 5C | ||||||||||||||||||||||||
| Business-use-of-home expenses (amount 7P) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9945 | ||||||||||||||||||||||||
| Your net income (loss) : Amount 5C minus line 9945 (enter this amount on line 14100 of your income tax and benefit return) | 9946 | ||||||||||||||||||||||||
| T2042 E (23) | Page 3 of 8 | ||||||||||||||||||||||||