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New Member
posted May 28, 2020 6:11:58 PM

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?

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2 Replies
Moderator
May 30, 2020 5:04:24 PM

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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New Member
Jun 1, 2020 8:41:01 AM

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?