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New Member
posted Jun 14, 2021 6:22:03 PM

Unsure where to find my "Self-employment commissions reported on T4A slips"

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1 Replies
Level 6
Jul 24, 2021 2:39:23 PM

"Self-employment commissions reported on T4A slips" can be found on Box 20 "Self employed commission" or Box 48 "Fees for Services". 

If you receive a T4A with Box 20 or Box 48 amounts, you are indeed self-employed for tax purposes as both of these boxes are used exclusively to report self-employment income. You’re either a contractor or you’ve earned income from commission-based activities.

Having a T4A with Box 20 or 48 means that you’re required to complete a bit of extra info at tax time. Since you’re self-employed, you’ll complete the business form T2125 – Statement of Business Activities. The upside is you can also claim expenses to offset that income on that form. More information can be found in this TurboTax article: Guidelines for reporting Self-Employment Income.

 

For more information, please see:

Your Complete Guide to the T4A Tax Slip