No, you would put them as separate businesses (two...

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
EnglishEN

Pick a language

Français English
cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
New Member

Do I add all my income and expenses together for 2 business? One I received a T4A and the other I did not. They are separate industry codes

 
1 Reply
Moderator

Do I add all my income and expenses together for 2 business? One I received a T4A and the other I did not. They are separate industry codes

No, you would put them as separate businesses (two T2125 forms). When you put in the T4A, TurboTax will automatically make a T2125 form for that business. You can then add a second one for the second business.

FYI: The industry codes were revised in 2017 and some have changed. If you have problems with the ones you have used in the past you can look up your current industry code on the Stats Can website: http://www23.statcan.gc.ca/imdb/p3VD.pl?Function=getVD&TVD=380372

Or you can use the search tools on the NAICS website: https://www.naics.com/search/


v