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Level 1
posted Apr 5, 2024 5:07:40 PM

T1 vs T2

I need to file T1 form, but at the same time I need to file T2 form cause I have a corporation, so what should I put information in T1 form? Employed, not Employed,.....?

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1 Best answer
Moderator
Apr 6, 2024 11:08:01 AM

Sure, if you would like. 

 

TurboTax is asking you if you worked because it needs to know what pages to show you ex: T4, T4A, Employment Expenses, etc.. If you would like to answer Yes, that's fine. It won't change anything on your return unless you check something off.

5 Replies
Level 5
Apr 5, 2024 8:22:14 PM

It would be best to contact the Canada Revenue Agency for the clarification on your specific situation.

Moderator
Apr 6, 2024 10:04:21 AM

@SB98 You would answer based on however you are paid by your corporation. If it pays you a salary and issues you a t-slip, then you are employed. If you get dividends then you are not employed.

Level 1
Apr 6, 2024 10:47:50 AM

Thanks. I get dividends. My confusion is how to fill out the T1. It asks if I worked in 2023. I assume I say yes even though I am not considered an emloyee. So Do do I say yes and leave everything else blank?

Moderator
Apr 6, 2024 11:08:01 AM

Sure, if you would like. 

 

TurboTax is asking you if you worked because it needs to know what pages to show you ex: T4, T4A, Employment Expenses, etc.. If you would like to answer Yes, that's fine. It won't change anything on your return unless you check something off.

Level 1
Apr 6, 2024 11:11:29 AM

Understood. Thank you.