Shud i declar myslf as non-workg or self emplyd if I incorp compny in 2017 & all earning went to my busines accnt, bt I didn't took out any money from my business acc.

I self incorporated a numbered company in whole of 2017. All money i earned thru my IT consulting work went to my company business account for which i already paid all taxes, but I personally did not took out any single penny from my business chequing account. ..

But when I am filing taxes for this yr. along with my spouse, should i declare myself as non-working or self employed ?? I didnt get any t4 or dividend anything from my business account.

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1 Best answer

Level 2

Oct 30, 2019 4:11:06 PM

Taxpayer is self-employed for tax purposes, but can show his/her income as $0 because he didnot have any inflow of income in account or Tslips on record.

Level 2

Oct 30, 2019 4:11:06 PM

Taxpayer is self-employed for tax purposes, but can show his/her income as $0 because he didnot have any inflow of income in account or Tslips on record.

New Member

Oct 30, 2019 4:11:07 PM

THanks a lot, I guess it is appropriate to indicate 'not working' since i have no personal income from the company. Self-employed on the personal side is if I were sole proprietor ( i.e. unincorporated).

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Shud i declar myslf as non-workg or self emplyd if I incorp compny in 2017 & all earning went to my busines accnt, bt I didn't took out any money from my business acc.