Taxes

Overview:

• Haven't Paid since 2012. I definately paid in 2011.
• Have some Tenant Income for 8 years (But they have ditched out on the rent+bills almost every time). $90k
• Have $120k in expenses building the suite I rent.
• I pay $3000 / year in repairs to the suite/house
• I pay $3800 / year in property taxes
• I pay $4000 / year in Hydro
• I pay $ 800 / year in Home Insurance
• I had "regular" jobs in 2012-2013, and 2015-2016 where I (hopefully) paid too much tax.
• I think I live way below the poverty line on paper
• My Home Business Programming has very little income ($6k/year)
• My Home Business has MANY expenses (Rent, Cell phone, internet, Hydro, Computers, Hardware, Car, Insurance, Gas, Repairs)
• I want to catch up on taxes
• I understand people hand you messes regularly. I want to make this as simple as possible for you.

Appointment with Accountant:

• Tuesday 12th, 1pm 1806 Vancouver

Questions:

• How did I slide under the C.R.A. radar so long?
• When you access the Canada Tax Portal, will the initate an audit? it there a rush??
• Does Roommate Money Count?
• How to remove MSP premiums (under $26k)?
• Can I still get GST Rebates?
• Why don't I claim the building expenses?
• Bad Debt from 2012. Can I write it off?
• I inherited money through my mom when my dad died, is this an issue (~$3000)?
• It often takes 3-9 months to get paid for work. If I am over in one year, let me know, and I will see if it was all for that year.
• I spent $2500 throwing a large birthday parties. Can those be written off?.

Ignore:

• My mom has reimbursed my for drive down to Arizona, dropping off her car, and flying home ($900 x 3)
• My dodgeball team sent me a bunch of money, which I paid our seasons fees ($600). Ignore?
• Friends Repaying loans(~$1000). Ignore?
• $ 503.74 was Reimbursed in expenses for work I did repairing a house. Never Paid for Labour :(.
• Confirming I can't write off my dogs surgery etc?.

Income Tenants: $1200/month (minus all "run outs")

• Feb 08 $485 Naomi
• Feb 18 $150 Gareth
• Feb 22 $485 Naomi
• Mar 01 $615 Gareth

Income "Regular Jobs":

• Electric Edge:
• ParetoLogic:
• Twins Plus:
• Unepmloyement:

Expenses Tenants:

• Hydro
• Repairs
• Run outs (not paying Rent + Hydro)
• Time without tenants
• Mortage Interest
• Mortgage Capital?
• Property Taxes

Notes:

• Maximum Income to pay taxes is $12,000 Net.

Misc Write Offs:

• $3000.00 Dental Expenses
• $ 600.00 Las Vegas Business Trip. Digital Sign Convention.
• $ 30.00 Charitable Contribution.

Income Programming:

• 2014: ($1480)
  • Jodi Faith:Sep 29 2014$1000.00
  • Graham Marshall:May 10 2014$ 240.00
  • Graham Marshall:Mar 30 2014$ 240.00
• 2016: ($6000)
  • Original Fire:Apr 02 2016$3000.00
  • Original Fire:Jul 12 2016$3000.00
• 2017: ($6975.30)
  • Original Fire:Jun 30 2017$3366.55
  • Original Fire:Feb 14 2017$1858.75
  • Tutor Find:Nov 16 2016 $1750.00
• 2018: ($9685)
  • Original Fire:Apr 10 2018$1227.00
  • Original Fire:Jun 20 2018$ 762.00
  • Original Fire:Sep 15 2018$3024.00
  • Pegasaas:Oct 01 2018$1177.50
  • Pegasaas:Jun 28 2018$ 547.50
  • Pegasaas:May 31 2018$ 547.50
  • Pegasaas:May 11 2018$ 690.00
  • Pegasaas:Apr 26 2018$ 810.00
  • Pegasaas:Mar 29 2018$ 292.50
  • Pegasaas:Mar 22 2018$ 307.50
  • Pegasaas:Mar 15 2018$ 300.00
  • Evelyn: Sep 01 2018$ 200.00
• 2019:
  • Pegasaas:Feb 28 2019$1680.00

Expenses Programming: