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New Member
posted Apr 18, 2022 1:23:12 PM

Are my Professional Fees considered the same as my Sales (Gross Income)?

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Level 3
Apr 19, 2022 5:54:13 PM

No. Professional Fees are what is reported by "Professionals" (doctors, lawyers, accountants, etc…) who provide services rather than goods (T2125 Part 3B). 

 

“Sales (Gross Income)” is what is reported by other types of businesses (T2125 Part 3A).

 

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