If you are Self -Employed and income is reported on T4A on Box 20 and Box 48. Box 20 is used exclusively to report self-employment commissions earned as a contractor or a freelancer. Box 48 is used to report self-employment income that is not commission based.
Depending upon your type of self-employment, your expenses could be a few bucks or thousands of dollars. You’ll have to gather all of your receipts, bills, and statements which make up your deductible expenses. For more information please refer to this link: Tax Deductions for the Self-Employed.
Make sure to complete the Self-Employment (T2125) section in TurboTax.
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