Self-employed

The amount in box 048 of a T4A slip is reported as self-employment or business income on line 13500 of the tax return and must also be reported on Form T2125, Statement of Business or Professional Activities. Reporting a T4A slip with income in box 48 - Canada.ca

You do need to fill out T2125. Click 'FIX" to correct the errors. Add the home address to fix a few of the errors and add the province as well.

To check what industry code applies to you, please refer to this CRA guide: North American Industry Classification System (NAICS) Canada 2022 Version 1.0

 

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