When claiming your 2003 medical expenses you may use any 365 time period that ends in 2003, i.e. January 2, 2002 to January 1, 2003. Therefore choose the 365 day period during which you spent the most on medical bills.
The amount (if any) that was reimbursed by insurance
Your share of the cost
The name of the patient
The name of the practitioner or supplier
The treatment or service provided
At the head of the list write the time period covered and at the bottom write total. If you like, you can download Artbooks' Medical Expense Sheet. For years the oodles of receipts have been the bane of our dispatchers' existence. So if you have more than 3 receipts, please attach your originals and make photocopies yourself to keep at home.
If you are claiming childcare expenses please list for each child:
The name of the childcare provider
The SIN Number of the childcare provider (for individual babysitters only)
The address of the childcare provider
The amount paid for childcare
For camps, please include the number of days
If you like, you can download Artbooks' Childcare Expense Sheet. For years the oodles of receipts have been the bane of our dispatchers' existence. So if you have more than 3 receipts, please attach your originals and make photocopies yourself to keep at home.
A complete breakdown of expenses using the SAME categories that you used last year*
Don't forget that meals are only 50% deductible so don't lump them in with anything like promotion or other types of travel expenses.
Interest expenses - on your mortgage or on business loans. (Note: this is not the mortgage or loan payment which includes some portion of the principal)
Any reimbursements for your expenses
*You will find these categories on the left side of last year's red folder. It's called your income statement and has a blue corner. I can't tell you how many of you reinvent your categories every year & this costs both of us a ton of extra time. Please feel free, however, to add or retire categories. If you're new to Artbooks, our Profit and Loss Statement may be of help.
Three (3) signed labels from your other supporting person
Your spouse's (other supporting person's) net and taxable income amounts
A knowledge of whether your spouse (other supporting person) has claimed the federal tax credit, the GST credit, the Ontario tax credit, the child tax credit, the dependents, the home office and anything else you may share.
If you're new to Artbooks, we will need your partner's SIN and birthday
Bring the birth date of each child
Decide who's claiming the Equivalent to Married deduction (if any)
Decide who's claiming the Tuition Expense
Other things you may need:
Your separation agreement, child support payments, alimony
Moving expense receipts
Form T2200 if you are claiming employment expenses
Proof of installment payments
Receipts from any investment activities
Statement of Capital Gains & Losses - your broker can prepare this for you
Financial Statements from other businesses or partnerships owned by you