Ai Book Sort is launching soon. Accounts open shortly. Join the waitlist.

Reference

Suggested bookkeeping categories (not tax advice)

Each Ai Book Sort category with its suggested line on Canada's T2125 form, its GIFI code (Canadian corporations), and its line on the US Schedule C and Form 1120. These are suggestions to save your accountant time, not tax advice.

CategoryAccount codeT2125 line (Canada)GIFI code (Canada)Schedule C line (US)Form 1120 line (US)
Income40008000800011a
Meals & entertainment604085238523 check24b26 (other deductions)
Entertainment604085238523 checknot deductible checknot deductible
Employee meals (on-site)604085238523 checknot deductible checknot deductible
Staff events604085238523 check27b check26 (other deductions)
Vehicle fuel616092819281926 (other deductions)
Vehicle615092819281926 (other deductions)
Vehicle repairs617092819281926 (other deductions)
Software & subscriptions61108810 check915018 check26 (other deductions)
Rent60908910891020b16
Supplies612088118811 check2226 (other deductions)
Office supplies6050881088101826 (other deductions)
Shop supplies6100881191302226 (other deductions)
Phone & internet6070922092252526 (other deductions)
Utilities614092209220 check2526 (other deductions)
Advertising600085218520822
Insurance6030869086901526 (other deductions)
Bank fees & interest60108710871027b check26 (bank fees); 18 (interest)
Travel613092009200 check24a26 (other deductions)
Professional fees6080886088601726 (other deductions)
Cost of goods sold500083208320Part III line 36 → line 42 (Form 1125-A)
Equipment (capital asset)1500993686701320 (Form 4562)
Subcontractors5100836083601126 (other deductions)
Payroll6060906090602613
Repairs & maintenance6180896089602114
Licences, dues & memberships61908760876023 check17
Delivery & freight620092759275 check27b check26 (other deductions)
Business & property taxes6210876087602317
Hall rental income4000800080001—
Food & beverage sales4000800080001—
Liquor sales4000800080001—
Service charge income4000800080001—
Liquor permits6190876087602317
Decor612088118811 check22—
Donation income49008230 check82236—
Grant income (government funding)4900823082426—
Fundraising event income400080008000 check1—
Membership dues income400080008000 check1—
Program income400080008000 check1—
Program expenses62209270927027b—
Administration expenses62309270927027b—
Credit card interest602087108716 check16b18
Loan interest602087108714 check16b18
Mortgage interest602087108713 check16a18
Payment processing fees60108710 check8716 check27b check26
Services income40008000800011a
Other income490082308230610
Interest income49008230 check8090 check6 check5
Refunds to customers40008000 check8000 check21b
Website, hosting and domains61108810 check9150 check27b check26
Accounting and bookkeeping608088608862 check1726
Legal fees608088608861 check1726
Postage and courier620092759275 check1826
Cleaning and janitorial61808960 check9010 check21 check14
Uniforms and laundry61209270 check9133 check27b check26
Small tools and equipment61009270 check9131 check2226
Job materials500083208320Part III 382 (Form 1125-A)
Subcontractors (trades)51008360836011 check26 (other deductions)
Equipment rental (job)50008450 check8451 check20a16
Permits and inspections (job)50008760 check8760 check2317
Dump and bin fees (job)500092709270 check27b check26
Field labour (job wages)606083408340Part III 372 (Form 1125-A)
Job consumables50008320 check8320 checkPart III 382 (Form 1125-A)
Contract revenue40008000800011a
Safety gear (PPE)61208811 check9130 check2226
WCB premiums543090608622 check15 check26
Food purchases500083208320Part III 362 (Form 1125-A)
Beverage / alcohol purchases500083208320Part III 362 (Form 1125-A)
Packaging / takeout containers500083208320 checkPart III 382 (Form 1125-A)
Kitchen and service wages60608340 check8340Part III 37 check2 (Form 1125-A)
Delivery app sales40008000800011a
Delivery app commissions60109270 check9061 check1026
Merchandise purchases500083208320Part III 362 (Form 1125-A)
Online sales40008000800011a
Marketplace selling fees60108710 check8716 check10 check26
Packaging and shipping supplies61208811 check9130 check2226
Fulfilment (3PL / FBA)62009275 check9274 check27b check26
Reimbursed client expenses400080008000 check11a
Professional licences and dues61908760876023 check17
Professional liability insurance (E&O)603086908690 check1526
Truck fuel (diesel)616092819281 check926
Truck repairs and maintenance617092818962 check9 check14
Tolls and scales613092818762 check926
Truck permits (IRP / IFTA)6190876087602317
Truck insurance60309281 check8690 check1526
Driver wages6060906090602613
Owner-operator settlements51009270 check91101126
Factoring fees60108710 check8710 check27b check26
ELD, dispatch and load boards61108810 check915027b check26
Freight revenue40008000800011a
Driver meals (80%)604085238523 check24b26
Rental income4000T776 8141 check8141 checkSch E line 3 check6
Other rental income4000T776 8230 check8230 checkSch E line 3 check6
Property taxes (rental)6210T776 9180 check9180 checkSch E line 16 check17
Condo / HOA fees6180T776 9270 check8913 checkSch E line 19 check26
Property management fees6080T776 8871 check8871 checkSch E line 11 check26
Rental repairs and maintenance6180T776 8960 check8961 checkSch E line 14 check14
Rental cleaning and turnover6180T776 8960 check9010 checkSch E line 7 check14
Rental insurance6030T776 8690 check8690 checkSch E line 9 check26
Rental utilities6140T776 9220 check9220 checkSch E line 17 check26
Rental advertising6000T776 8521 check8520 checkSch E line 5 check22
Short-term rental host fees6010T776 9270 check9270 checkSch E line 8 check26
Legal and accounting (rental)6080T776 8860 check8860 checkSch E line 10 check26
Mortgage interest (rental)6020T776 8710 check8713 checkSch E line 12 check18
Heavy vehicle use tax (Form 2290)6210not applicable (US tax)not applicable (US tax)2317

Mapping prepared by the Ai Book Sort team from the CRA's T2125 form and GIFI codes and the IRS Instructions for Schedule C and Form 1120. Not reviewed by a CPA. Last reviewed October 2026. A cell marked check could not be confirmed on an official page; ask your accountant. S corporations (Form 1120-S) and partnerships (Form 1065) are not mapped yet; your export works the same and your accountant assigns the lines. Transfers, owner money and loans have no tax line: they are not income or expenses.