• Collect all medical and charitable donation receipts (Sleeve C)
• Check last year's Notice of Assessment for allowable RRSP deduction
• Reconcile revenues and prepare Accounts Receivable (Record on Insert D)
• Complete Business use of Home Expenses (Insert 16) Note: These expenses cannot create a loss but may be carried forward (Suggestion: Using CCA on your home may not be a good idea)
• Any T4's or other information slips received should be placed into Sleeve B
• Calculate capital cost allowance; you do not have to declare this expense and it cannot be used to create a loss; however, it can be carried forward for future use (Insert 12)
• If you need to prepare T4's for employees, remember that they must be done, filed and forwarded by February 28 (Keep your copies in Sleeve 8)
• If you are going to buy RRSP's , the deadline this year is March 2
• Be sure you have all of your original expense receipts attached to any credit/debit card slips
• Calculate any credit card interest charged on business purchases or cash advances (see Insert 19)

It's RRSP deadline!

It's T4 deadline!