I am self-employed. An accountant has done taxes and business return for my business and filed my taxes with CRA. I wanted to do my personal (not business) taxes using Turbo Tax Standard. Can I leave business information on Turbo Tax blank? Can I skip entering information on the T2125 form on Turbo Tax and enter only my personal (not business) information? Can I use Turbo Tax only to file my personal taxes (as my business taxes were already submitted to CRA)?
It sounds like you are a NEW corporate business owner. For your information: You personally and your Corporation are two completely separate entities (or two separate taxpayers). Your Business's Corporate tax return has been filed and you DO NOT include anything from your corporation on your personal tax return. ***EXCEPT*** If you have drawn money from your Corporation for SALARY or WAGES, you may have a T4 Slip that would have been processed through your corporation, which you would include with your personal tax return. Or, you may have a T5 for dividends drawn from your corporation, which you would include with personal. Or you may have nothing from your Corporation because this may be a NEW corporation and you were operating using the shareholder loan account - which you would have put your own personal $$ into, in order to open a Corporate Bank Account and start up your the business.