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posted Oct 29, 2019 9:42:39 PM

How do I claim income from transaction fees I collect from a purchase of Point of Sale Terminals? How do I claim CCA on the POS terminal equipment?

I purchased a number of Point of Sale terminals and I receive a 0.15 transaction fee for every transaction.  I did not put these POS terminals under a business, so am unclear as to how do I report the income and claim CCA on the POS equipment?

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1 Best answer
Level 2
Oct 29, 2019 9:42:41 PM

Since you have the installed version of standard, you can just click on the forms icon in the top menu bar, and type in T2125B.  Answer all the questions.  This form is for self-employment income.  It has a section for you to enter the equipment in the additions section.

1 Replies
Level 2
Oct 29, 2019 9:42:41 PM

Since you have the installed version of standard, you can just click on the forms icon in the top menu bar, and type in T2125B.  Answer all the questions.  This form is for self-employment income.  It has a section for you to enter the equipment in the additions section.