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    vangiet1
    New Member
    posted
    ‎October 30, 2019 4:20 PM
    last updated ‎October 30, 2019 4:20 PM

    I’m a Home based craft business and I have purchased Designs from the internet to use on my Signs. Where can I claim this on my tax expenses?

     
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    TurboTaxLise
    Moderator
    Moderator
    ‎October 30, 2019 4:20 PM

    I’m a Home based craft business and I have purchased Designs from the internet to use on my Signs. Where can I claim this on my tax expenses?

    You will fill out the T2125 - Self-Employment form -Part 4 - line 8811. (Direct entry)

    Downloaded version - Go to Formsview down at the bottom of the page, click on forms and do a form lookup for "T2125" form open, go to Part 4 -Expenses - line 8811 which is for Office Stationary & Supplies.  

    Keep all your receipts for furture reference if CRA requests them.

    View solution in original post

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    TurboTaxLise
    Moderator
    Moderator
    ‎October 30, 2019 4:20 PM

    I’m a Home based craft business and I have purchased Designs from the internet to use on my Signs. Where can I claim this on my tax expenses?

    What version of software are you using? Online or downloaded?
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    vangiet1
    New Member
    ‎October 30, 2019 4:20 PM

    I’m a Home based craft business and I have purchased Designs from the internet to use on my Signs. Where can I claim this on my tax expenses?

    They are individual svg files and I download them.
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    TurboTaxLise
    Moderator
    Moderator
    ‎October 30, 2019 4:20 PM

    I’m a Home based craft business and I have purchased Designs from the internet to use on my Signs. Where can I claim this on my tax expenses?

    You will fill out the T2125 - Self-Employment form -Part 4 - line 8811. (Direct entry)

    Downloaded version - Go to Formsview down at the bottom of the page, click on forms and do a form lookup for "T2125" form open, go to Part 4 -Expenses - line 8811 which is for Office Stationary & Supplies.  

    Keep all your receipts for furture reference if CRA requests them.

    View solution in original post

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    v