Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 10, 2022 10:51:21 AM

Are my professional fees my total revenue from counselling?

0 1 187
1 Replies
Level 4
Apr 13, 2022 10:57:25 AM

Yes, the total income that you received from your counseling services would be considered professional fees.

 

Canada Revenue Agency mentions on this page Line 8860 – Professional fees that your professional income includes all fees you receive for goods or services you provide. These fees include money or other goods that have bartering or monetary value (such as credit units). Bartering means when two people agree to exchange goods or services without using money".

 

For more information on professional fees please visit this page of the Canada Revenue Agency: - Self-employed Business, Professional, Commission, Farming, and Fishing Income

 

Thank you for choosing TurboTax.