Like other self-employed taxpayers, Uber, Lift, Rideshare and Taxi Drivers have a challenge in their tax filing. They must file the form T2125 and claim auto expenses. This checklist will make life easier for you when preparing the information for your tax return. For more information contact us.
General Information
Copy of your previous tax return if you are a new client with us
GST/HST number
Business address
Uber/Lift Slip
Gross Business Income
Your total gross business income (net of GST/HST)
Business Expenses (net of GST/HST)
Purchase of materials
Advertisement
Meal and entertainment
Bad debts
Insurance (for the business not for your car)
Interest
Business tax, fees, licenses, dues, and memberships
Office expense
Office Stationery and Supplies
Professional fees
Management and administration fees
Rent
Maintenance and repairs
Salaries, wages, and benefits
Travel expense
Telephone and utilities
Internet
Delivery, freight, and express
Other expenses
Car Expenses
The kilometres you drove in the tax year to earn business income
The total kilometres you drove in the tax year
Gas
Interest if you are financing your vehicle
Insurance
License and registration
Maintenance and repairs
Leasing cost if you are leasing your vehicle
Other expenses (please specify)
Business parking fees
Supplementary Business Insurance
Assets used in your business
Car Make and Car Model
The vehicle purchase price and the date of purchase if you purchase it