My wife does her business taxes separate to cover the business. She takes a T5 for all of her income, adding up to under 25k. Adding this also seems to move our return from getting 2k back to paying 2k! I just have a T4. What am I missing?
If you've entered an amount from any of the boxes on the slips listed here, you have what the CRA considers to be self-employment or business income:
If you have an amount in any of these boxes, TurboTax will ask additional questions to report the income as self-employment/business income. You only need to answer basic information, such as business name and address (can be your own), industry code, and fiscal period (Jan 01 to December 31).
Also, for 2023, rental income is only included in TurboTax Self-Employed.
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