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Grace7
New Member

Inc. business with first full year of business of $8K revenue. I have separate employment income. Would like to report as sole proprietorship on my T1.

 
1 Reply
taxnano
New Member

Inc. business with first full year of business of $8K revenue. I have separate employment income. Would like to report as sole proprietorship on my T1.

You cannot report incorporated business as a sole proprietor. To report the revenue you need T2 forms/software.