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New Member
posted Aug 6, 2021 3:48:25 PM

Can I file a T4A with only box 48 and nothing more filled?

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2 Replies
Level 3
Aug 9, 2021 12:39:11 PM

Thank you for your question.

 

If you received a T4A slip with an amount only in Box 48, then yes you would only report that amount.

 

If you have any questions, you can contact our phone support team or contact us via private chat on Facebook or Twitter.

Level 2
Aug 10, 2021 3:08:56 PM

Thank you for your question!

 

If you receive a T4A with Box 20 or Box 48 amounts, you are indeed self-employed for tax purposes as both of these boxes are used exclusively to report self-employment income. You’re either a contractor or you’ve earned income from commission-based activities.

Having a T4A with Box 20 or 48 means that you’re required to complete a bit of extra info at tax time. Since you’re self-employed, you’ll complete the business form T2125 – Statement of Business Activities. The upside is you can also claim expenses to offset that income on that form. More information can be found in this TurboTax article: Guidelines for reporting Self-Employment Income.

 

Thank you, for further information please contact us by phone or via private message on Twitter or Facebook.