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Hi, this year I earned my income through my own business, which has been incorporated. The pay that I received didn't include a t4 or t4 slip. Am I self-employed?

 
2 Replies

Hi, this year I earned my income through my own business, which has been incorporated. The pay that I received didn't include a t4 or t4 slip. Am I self-employed?

You would not file as "self-employed" if your business is incorporated. All the business' income and expenses would be reported on a separate T2 return. So, you would need to report your personal income from the business in a different way, but it would depend on how you paid yourself. You said you didn't get any t-slips - did your company formally pay dividends to you or did you just take the money as "owner's drawings" ?

 

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Hi, this year I earned my income through my own business, which has been incorporated. The pay that I received didn't include a t4 or t4 slip. Am I self-employed?

Hi, I have the same situation. I received income as dividends via a T5. Should I check the self employee box when preparing my personal taxes?