According to Intuit QuickBooks, If a taxpayer has a "Professional Fees for Services" amount (Box 48 on the T4A slip), this amount must be entered first on the T4A slip. As a result, the T2125 is created automatically. CRA considers the amount in box 48 to be self-employment income because it corresponds to fees you received for services you offered throughout the year. As a result, this amount must also be recorded on form T2125 of your tax return as business or professional income.
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