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New Member
posted Oct 30, 2019 4:45:26 AM

I am filling out form T2125 B1 for my spouse Linda's business (Last year) line 9060. It says don't include salaries paid to yourself or partners. Where do I put that in?

My wife had a hair salon that closed in 2016. It had 2 other partners. They paid themselves an amount of almost $9000. But in box 9060 salaries, it says to not to include any money paid to yourself or your partners. The question is where am I supposed to put that amount in? I don't seem to be prompted to put in what they paid themselves.

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1 Best answer
New Member
Oct 30, 2019 4:45:26 AM

If you have a T2125, the net income derived from the form is automatically added to your income. When you add partners, the net income will be allocated according to their percentage of ownership. 

1 Replies
New Member
Oct 30, 2019 4:45:26 AM

If you have a T2125, the net income derived from the form is automatically added to your income. When you add partners, the net income will be allocated according to their percentage of ownership.