Do I need to calculate tax owing on 3 months of self employment income or can I enter the total amount and Turbo Tax calculates that for me?

sbryson3440 · ‎October 30, 2019

I retired in September 2017 and had 3 months of self employment income. I am not a company. I entered the total amount I made in the self employment questionnaire but did not see where I would calculate what my taxes owing on that amount would be or where I calculate CPP owing on that amount.

TurboTaxJennifer · ‎October 30, 2019

Both the tax owing and the CPP contributions due are calculated by TurboTax based on your entries in the self-employment/business section. To view the exact amounts, refer to the form T2125 in the Forms view or the PDF copy of your return.

View solution in original post

TurboTaxJennifer · ‎October 30, 2019

Both the tax owing and the CPP contributions due are calculated by TurboTax based on your entries in the self-employment/business section. To view the exact amounts, refer to the form T2125 in the Forms view or the PDF copy of your return.

View solution in original post

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Do I need to calculate tax owing on 3 months of self employment income or can I enter the total amount and Turbo Tax calculates that for me?