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Do I claim business income under self-employment when I have already paid my business taxes?
Do I claim self-employment income when it has already been declared under my business tax return? I paid my 2018 business taxes earlier this month. I don't understand how the self-employment section applies as I prepare my personal income taxes.
October 31, 2019
4:12 AM
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Self-employed
Based on your description, it sounds like your business is incorporated and you filed a T2 return for your business. (Regarding the T2, this is not to be confused with the GST return that business are also required to file.)
The self-employment income on the personal return is for people who own businesses that are NOT incorporated. In those cases, you just need to enter the amounts in there.
October 31, 2019
4:12 AM