should my self employment income inputted created a owing amount for income tax?

jkmsandhuu — Fri, 11 Apr 2025 05:14:51 GMT

I work as an artist under an association, and I made self employed income (along with standard t4s) but did have union dues and rrsp contributions pulled out. I want to ensure that it also is calculating income tax as I want to ensure I pay the amount owing.

Re: should my self employment income inputted created a owing amount for income tax?

TurboTax_Susan — Fri, 11 Apr 2025 17:29:30 GMT

Self-Employment income is reduced by any self-employment expenses that you put in. The amount of taxes you owe is based on that net income, so it's possible that if you have enough in expenses, that you won't have any net self-employment income to tax. Or the amount of net self-employment income is so small that your credits, benefits & deductions (like your RRSP deduction) wipe out any taxes you might owe.

You can see you Net Self-Employment income on the detailed tax summary at line 13500.

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should my self employment income inputted created a owing amount for income tax?

Re: should my self employment income inputted created a owing amount for income tax?