| Protected B when completed | ||||||||||||||||
Part 4 – Net income (loss) before adjustments |
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| Gross business or professional income (line 8299 of Part 3C) or Gross profit (line 8519 of Part 3D) . . . . . . . . . . . | 4A | |||||||||||||||
| Expenses (enter only the business part) | ||||||||||||||||
| Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 8521 | 4B | ||||||||||||||
| Meals and entertainment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 8523 | 4C | ||||||||||||||
| Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 8590 | 4D | ||||||||||||||
| Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 8690 | 4E | ||||||||||||||
| Interest and bank charges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 8710 | 4F | ||||||||||||||
| Business taxes, licences and memberships . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 8760 | 4G | ||||||||||||||
| Office expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 8810 | 4H | ||||||||||||||
| Office stationery and supplies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 8811 | 4I | ||||||||||||||
| Professional fees (includes legal and accounting fees) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 8860 | 4J | ||||||||||||||
| Management and administration fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 8871 | 4K | ||||||||||||||
| Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 8910 | 4L | ||||||||||||||
| Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 8960 | 4M | ||||||||||||||
| Salaries, wages and benefits (including employer's contributions) . . . . . . . . . . . . . . . . . . . . . . . . . | 9060 | 4N | ||||||||||||||
| Property taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9180 | 4O | ||||||||||||||
| Travel expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9200 | 4P | ||||||||||||||
| Utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9220 | 4Q | ||||||||||||||
| Fuel costs (except for motor vehicles) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9224 | 4R | ||||||||||||||
| Delivery, freight and express . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9275 | 4S | ||||||||||||||
| Motor vehicle expenses (not including CCA) (amount 16 of Chart A) . . . . . . . . . . . . . . . . . . . . . . . . | 9281 | 4T | ||||||||||||||
| Capital cost allowance (CCA). Enter amount ii of Area A minus any personal part and any | ||||||||||||||||
| CCA for business-use-of-home expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9936 | 4U | ||||||||||||||
| Other expenses | 9270 | 4V | ||||||||||||||
| Total expenses: Total of amounts 4B to 4V | 9368 | ► | ||||||||||||||
| Net income (loss) before adjustments: Amount 4A minus line 9368 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9369 | |||||||||||||||
Part 5 – Your net income (loss) |
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| Your share of line 9369 or the amount from your T5013 slip, Statement of Partnership Income . . . . | 5A | |||||||||||||||
| Canadian journalism labour tax credit allocated to you in the year (box 236 of your T5013 slip) | 5B | |||||||||||||||
| GST/HST rebate for partners received in the year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9974 | |||||||||||||||
| Total: Amount 5A plus amount 5B plus line 9974 | ► | 5C | ||||||||||||||
| Other amounts deductible from your share of net partnership income (loss) (amount 6F) . . . . . . . . . . . . . . . . . . . | 9943 | |||||||||||||||
| Net income (loss) after adjustments: Amount 5C minus line 9943 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 5D | |||||||||||||||
| Business-use-of-home expenses (amount 7P) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9945 | |||||||||||||||
| Your net income (loss): Amount 5D minus line 9945 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 9946 | |||||||||||||||
| 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 | ||||||||||||||||
| Note: Do not report a loss resulting from the disposition of a flipped property on your income tax and benefit return. Any loss resulting from the disposition of a flipped property is deemed to be nil. For more information, read Chapter 1 of Guide T4002. |
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