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New Member
posted Oct 31, 2019 1:34:27 AM

I have been renting my travel travel using RVEZY when I am not using it. How should I report the income to CRA? What can I deduct as expenses?

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Moderator
Oct 31, 2019 1:34:29 AM

You can report it using the T2125 Statement of Business. You can get to it in TurboTax Online from the left side menu. Select Income> Self Employment > Self-employment Profile.

This CRA page discusses the different kinds of expenses you can deduct: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/sole-proprietorships-partners...