When I enter my self-employment income for my personal business, do I enter the total revenue or the profit?

[Heidi123]

When entering your self-employment income, you need to:

Report your self-employment income on separate lines for each source by entering your gross income and net income in lines 13500 to 14300 of your income tax and benefit return. These amounts are calculated by using the T2125 Statement of Business Activities form which is a part of your personal income tax return.

Your gross income is what you have earned before any expenses are deducted. Your net income is what is left over after deducting expenses.

For further details, please refer to the Guidelines for Reporting Self-Employment Income.

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