Entering the proper industry code into your TurboTax return is an important step in maximizing your deductions. It's also important to stay consistent in your industry coding from year to year unless your business has drastically changed.
To find your industry code:
- Visit the North American Industry Classification System (NAICS).
- Select the code that most closely represents your work.
- The page will then refresh with a new set of codes.
- Continue selecting codes to narrow down your specific area of expertise until you reach a page containing six-digit codes.
- Choose the code that most closely represents your work.
Note: If you have income from self-employment or if you own a small business, you also need to enter a six-digit industry code into your tax return. The CRA’s NETFILE service will reject your tax return if you use an incorrect or outdated code.
Some sectors, sub-sectors, industry groups, and industry categories include an item that belongs with “Other.” You can choose that code if you don't see a code that's directly relevant to your scenario.
