Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Feb 7, 2023 6:24:06 PM

I have stopped running a business and have no income or expenses to claim in 2022. Should i delete it or claim as 0

0 1 176
1 Replies
Level 4
Feb 9, 2023 6:00:16 AM

To give you a detailed and complete answer to your question about closing your business, we would need additional information. If you have no expenses or income you would claim 0 but there are other factors to review depending on the kind and size of business you had. Please see our TurboTax article: Tax Obligations After Closing Your Business

Please contact the Canada Revenue Agency (CRA) to advise them of your business closure and verify what your next steps are to be. CRA Individual tax enquiries line
 

Thank you for choosing TurboTax.