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New Member
posted Mar 18, 2022 8:18:43 AM

Is it normal for the CRA to request a T2125 form after a review of your taxes?

I suffered a good sized loss on my business this year, and the CRA is asking for a completed T2125, as well as a detailed breakdown of my expenses.  I run my business out of my home, but I also rent space that I use as storage/workshop space.  I entered all my expenses into Turbo tax when I did my taxes, so did I miss something?

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Level 3
Apr 8, 2022 7:54:40 PM

Canada Revenue Agency can ask anyone to present supportive documents for their claim, it does not mean that you had made any mistake while reporting your taxes. You just need to present the receipts for the expenses for which you had claimed.

 

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