How do I input My T4A income on the T2125 Form?

[jenniferclarkepr]

It has an unchangeable value of 0.00

[HangV112]

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.

You can visit Intuit QuickBooks website for further details.

If you require further assistance please contact our phone support team for further assistance or contact us directly on Facebook or Twitter.   

[HangV112]

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.

[HangV112]

You can visit Intuit QuickBooks website for further details.

[HangV112]

If you require further assistance please contact our phone support team for further assistance or contact us directly on Facebook or Twitter.