I am currently operating two businesses; each with a different product/service and a different industry code to identify the type of business.
Both of these businesses are sole proprietorships and do not have a registered business name, so all business activity is being conducted under my own legal name.
Is it okay for me to be filling out two individual T2125 forms even though the business name on both forms will be identical (my own legal name)?
Yes. You are correct. Two T2125's are required because the businesses are not the same.
For your own recordkeeping purposes, you might want to consider making a slight change to the name of one business (not required but, in my experience, it's much easier to have different names if you ever need to remit info to CRA).
Yes. You are correct. Two T2125's are required because the businesses are not the same.
For your own recordkeeping purposes, you might want to consider making a slight change to the name of one business (not required but, in my experience, it's much easier to have different names if you ever need to remit info to CRA).
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.